Finance Committee

1 City of Gainesville Finance Committee MINUTES November 17, 2025, 2:00 p.m. City Hall Auditorium 200 East University Avenue Gainesville, FL 32601 Members Present: Commissioner Ed Book, Commissioner Willits Members Absent: Commissioner Ingle _____________________________________________________________________ A. CALL TO ORDER - 2:04 pm. B. ADOPTION OF THE AGENDA Moved by Commissioner Book Aye (2): Commissioner Book, and Commissioner Willits Absent (1): Commissioner Ingle Approved (2 to 0) C. APPROVAL OF THE MINUTES 1. The Finance Committee approve the minutes from the September 2, 2025, meeting. Moved by Commissioner Book Recommendation: The Finance Committee approve the minutes from the September 2, 2025 meeting.

2 Moved by Commissioner Book Aye (2): Commissioner Book, and Commissioner Willits Absent (1): Commissioner Ingle Approved (2 to 0) D. BUSINESS DISCUSSION ITEMS 1. 2025-891 Fiscal Year End 2025 City Investment Performance Report (B) William Johnston, Investment Manager spoke to the item. Moved by Commissioner Book Recommendation: The Finance Committee: 1) review and accept the submitted Fiscal Year End 2025 City Investment Performance Report; and 2) refer the report to the City Commission. Moved by Commissioner Book Aye (2): Commissioner Book, and Commissioner Willits Absent (1): Commissioner Ingle Approved (2 to 0) 2. 2025-892 Evergreen Cemetery Trust Fund Investment Policy Statement (B) William Johnston, Investment Manager spoke to the item. Moved by Commissioner Book Recommendation: The Finance Committee 1) review and approve the Evergreen Cemetery Trust Fund Investment Policy Statement; and 2) refer the Evergreen Cemetery Trust Fund Investment Policy Statement to the City Commission for review and approval.

3 Moved by Commissioner Book Aye (2): Commissioner Book, and Commissioner Willits Absent (1): Commissioner Ingle Approved (2 to 0) 3. 2025-925 Update on GRU/City Financial Transactions as of Fiscal Year End 2025 (B) Andrew Persons, Interim City Manager introduced the GRU item. Dennis Nguyen, Director of Finance spoke to the item. Citizen Comment: Kali Blount Recommendation: The Finance Committee receive a report regarding the Fiscal Year 2025 Balances with General Government and GRU as of September 30, 2025. Moved by Commissioner Book Motion: Approve as recommended, including the City Manager send a memo to the City Commission. Aye (2): Commissioner Book, and Commissioner Willits Absent (1): Commissioner Ingle Approved (2 to 0) 4. 2025-928 Sixth Budget Amendment to the FY 2025 General Government Financial and Operating Plan Budget (B) Andrew Persons, Interim City Manager introduced Allison Teslia, as the new Director of Office of Management and Budget. Allison Tesila introduced herself to the Committee. Susan Boyd, Budget Analyst, Senior spoke to the item. Brian Singleton, Chief Operating Officer-Governmental Operations, spoke to the item.

4 Moved by Commissioner Book Recommendation: The Finance Committee: (1) Review the proposed budget amendment resolution; and if acceptable, (2) recommend that the City Commission adopt the proposed resolution. Aye (2): Commissioner Book, and Commissioner Willits Absent (1): Commissioner Ingle Approved as Recommended (2 to 0) E. MEMBER COMMENT Commissioner Book spoke to the appreciation of the finance reports that were presented. Commissioner Willits thanked everyone for being so patient while the committee discussed Wild Spaces Public Places. Cintya Ramos, Executive Chief of Staff stated that the schedule will be finalized by February, 2026. F. NEXT MEETING DATE G. ADJOURNMENT - 3:35 pm. _________________________ Kristen J. Bryant, JD, CMC City Clerk