Financial Advisory Board

1 FINANCIAL ADVISORY BOARD MEETING MINUTES TUESDAY, May 12, 2026| 6:30 P.M. MEETING ID: 844 2624 3280 1. Call to Order / Roll Call: a. Call to Order: Commissioner Richard Chervony called the meeting to order at 6:35 p.m. b. Roll Call: i. Board Members Present: 1. Elizabeth Avalo, Vice Chair 2. Sidharth Mehta, Board Member 3. William ‘Bill’ Pendergast, Board Member ii. Board Members Absent: 1. Lars Schott, Chair 2. Marco Zuniga, Board Member iii. Village Staff Present: 1. Commissioner Richard Chervony 2. Frank Rollason, Village Manager iv. Others: 1. NBV IT Dept. 2. Approval of Last Meeting Minutes: a. Tuesday – April 14, 2026: Elizabeth Avalo, Vice Chair made a motion to approve the meeting minutes. It was seconded by Board Member Bill Prendergast. Upon roll call vote, the motion passed 3 - 0.

2 3. Old Business: a. FAB Secretary Seat: The FAB Secretary position, its duties/responsibilities, and requirements will be taken over by Board Member Bill Prendergast, and a vote to approve will be held at the next FAB meeting when all board members are in attendance. b. Update on the Village's Community Center / Treasure Island Elementary School Project: Village Manager Rollason provided an update on the Treasure Island Elementary School project, reporting significant progress including window installation, exterior cladding, and concrete work for fire truck access and courts. The building is expected to be completed by the end of May, though the courts may not be fully finished. A plumbing inspection was delayed due to missing final cafe plans, but Frank confirmed the building official will allow photographs to be taken instead to approve the plans. Frank also mentioned a meeting with Mariano regarding community concerns about bright lights from the soccer field affecting nearby homes and the Lexi condo building. Frank explained that while light complaints from residents like Lexi were being addressed, the current lighting setup requires lights to shine above the court and may not be easily adjustable. The group discussed a grand opening event scheduled for June 4th from 5-8 PM at Village Hall. c. Update on the Fire Station: Update on the construction, Village Manager Frank Rollason announced that requests for proposals were sent to five qualified firms with bids due in 45 days and plans to award the bid at the July commission meeting, aiming to break ground before the end of August. d. 2024-25 Audit Report: Report will be delayed due to issues with the previous year's entries, with the report now expected by the end of July or August at the latest. 4. New Business: NONE 5. Staff / Commission Liaison Updates: NONE 6. Public Comments: NONE 7. Discussion of Agenda Items for Next Meeting: Tuesday, June 9, 2026 a. Appointment of FAB Secretary.

3 b. 2027 budget update and discussion. c. Interfaith meeting scheduled for June 17th at 6:30 PM at Village Hall as part of the North Bay Village Against Hate program, featuring religious leaders from different faiths discussing hate. d. Any other items will be submitted to the Clerk via email. 8. Adjournment: a. Motion to Adjourn: i. Introduced by: Elizabeth Avalo ii. Vote: Motion passed 3 to 0 b. Adjourned: Meeting adjourned at 6:55 p.m. Drafted by: Board Member Bill Prendergast

1. Opening Items 1.A. Call to Order 1.B. Roll Call 1.C. Appointment of New Board Secretary 2. Approval of Meeting Minutes: April 2026 2.A. Approval of Meeting Minutes for Tuesday, April 14, 2026 04.14.2026 - FAB - Minutes - Draft.docx 3. Old Business 3.A. Update on the Village's New Community Center and Treasure Island Elementary School Project 4. New Business 5. Staff / Commission Liaison Updates 6. Public Comments 7. Agenda Items for Next Meeting: Tuesday, June 9, 2026 8. Adjournment NORTH BAY VILLAGE OFFICIAL AGENDA FINANCIAL ADVISORY BOARD VIRTUAL MEETING ZOOM MEETING ID: 844 2624 3280 TUESDAY, MAY 12, 2026 at 6:30 PM 1

THIS MEETING IS OPEN TO THE PUBLIC. IN ACCORDANCE WITH THE AMERICANS WITH DISABILITIES ACT OF 1990, ALL PERSONS THAT ARE DISABLED; WHO NEED SPECIAL ACCOMMODATIONS TO PARTICIPATE IN THIS MEETING BECAUSE OF THAT DISABILITY SHOULD CONTACT THE OFFICE OF THE VILLAGE CLERK AT 305-756-7171 EXT. 45 NO LATER THAN FOUR DAYS PRIOR TO SUCH PROCEEDING. IN ACCORDANCE WITH THE PROVISIONS OF SECTION 286.0105, FLORIDA STATUTES, ANYONE WISHING TO APPEAL ANY DECISION MADE BY VILLAGE COMMISSION, WITH RESPECT TO ANY MATTER CONSIDERED AT THIS MEETING OR HEARING, WILL NEED A RECORD OF THE PROCEEDINGS AND FOR SUCH PURPOSE, MAY NEED TO ENSURE THAT A VERBATIM RECORD OF THE PROCEEDINGS IS MADE WHICH RECORD SHALL INCLUDE THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS TO BE BASED. AGENDA ITEMS MAY BE VIEWED AT THE OFFICE OF THE VILLAGE CLERK, NORTH BAY VILLAGE, 1666 KENNEDY CAUSEWAY. ANYONE WISHING TO OBTAIN A COPY OF ANY AGENDA ITEM SHOULD CONTACT THE VILLAGE CLERK AT 305-756-7171 EXT 45. A COMPLETE AGENDA PACKET IS ALSO AVAILABLE ON THE VILLAGE WEBSITE AT www.nbvillage.com. TO REQUEST THIS MATERIAL IN ACCESSIBLE FORMAT, SIGN LANGUAGE INTERPRETERS, INFORMATION ON ACCESS FOR PERSON WITH DISABILITIES, AND/OR ANY ACCOMMODATION TO REVIEW ANY DOCUMENT OR PARTICIPATE IN ANY VILLAGE-SPONSORED PROCEEDING, PLEASE CONTACT (305) 756-7171 FIVE DAYS IN ADVANCE TO INITIATE YOUR REQUEST. TTY USERS MAY ALSO CALL 711 (FLORIDA RELAY SERVICE). 2

1. Opening Items 1.A. Call to Order 1.B. Roll Call 1.C. Appointment of New Board Secretary 2. Approval of Meeting Minutes: April 2026 2.A. Approval of Meeting Minutes for Tuesday, April 14, 2026 04.14.2026 - FAB - Minutes - Draft.docx 3. Old Business 3.A. Update on the Village's New Community Center and Treasure Island Elementary School Project 4. New Business 5. Staff / Commission Liaison Updates 6. Public Comments 7. Agenda Items for Next Meeting: Tuesday, June 9, 2026 8. Adjournment NORTH BAY VILLAGE OFFICIAL AGENDA FINANCIAL ADVISORY BOARD VIRTUAL MEETING ZOOM MEETING ID: 844 2624 3280 TUESDAY, MAY 12, 2026 at 6:30 PM 1

THIS MEETING IS OPEN TO THE PUBLIC. IN ACCORDANCE WITH THE AMERICANS WITH DISABILITIES ACT OF 1990, ALL PERSONS THAT ARE DISABLED; WHO NEED SPECIAL ACCOMMODATIONS TO PARTICIPATE IN THIS MEETING BECAUSE OF THAT DISABILITY SHOULD CONTACT THE OFFICE OF THE VILLAGE CLERK AT 305-756-7171 EXT. 45 NO LATER THAN FOUR DAYS PRIOR TO SUCH PROCEEDING. IN ACCORDANCE WITH THE PROVISIONS OF SECTION 286.0105, FLORIDA STATUTES, ANYONE WISHING TO APPEAL ANY DECISION MADE BY VILLAGE COMMISSION, WITH RESPECT TO ANY MATTER CONSIDERED AT THIS MEETING OR HEARING, WILL NEED A RECORD OF THE PROCEEDINGS AND FOR SUCH PURPOSE, MAY NEED TO ENSURE THAT A VERBATIM RECORD OF THE PROCEEDINGS IS MADE WHICH RECORD SHALL INCLUDE THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS TO BE BASED. AGENDA ITEMS MAY BE VIEWED AT THE OFFICE OF THE VILLAGE CLERK, NORTH BAY VILLAGE, 1666 KENNEDY CAUSEWAY. ANYONE WISHING TO OBTAIN A COPY OF ANY AGENDA ITEM SHOULD CONTACT THE VILLAGE CLERK AT 305-756-7171 EXT 45. A COMPLETE AGENDA PACKET IS ALSO AVAILABLE ON THE VILLAGE WEBSITE AT www.nbvillage.com. TO REQUEST THIS MATERIAL IN ACCESSIBLE FORMAT, SIGN LANGUAGE INTERPRETERS, INFORMATION ON ACCESS FOR PERSON WITH DISABILITIES, AND/OR ANY ACCOMMODATION TO REVIEW ANY DOCUMENT OR PARTICIPATE IN ANY VILLAGE-SPONSORED PROCEEDING, PLEASE CONTACT (305) 756-7171 FIVE DAYS IN ADVANCE TO INITIATE YOUR REQUEST. TTY USERS MAY ALSO CALL 711 (FLORIDA RELAY SERVICE). 2

1 FINANCIAL ADVISORY BOARD MEETING MINUTES NORTH BAY VILLAGE 1666 KENNEDY CAUSEWAY, SUITE 101 NORTH BAY VILLAGE, FL. 33141 TUESDAY, APRIL 14, 2026| 6:30 P.M. MEETING ID: 844 2624 3280 1. Call to Order / Roll Call: a. Call to Order: Chair Lars Schott called the meeting to order at 6:35 p.m. b. Roll Call: i. Board Members Present: 1. Lars Schott, Chair 2. Elizabeth Avalo, Vice Chair 3. Sidharth Mehta, Board Member 4. William ‘Bill’ Pendergast, Board Member 5. Marco Zuniga, Board Member ii. Board Members Absent: NONE iii. Village Staff Present: 1. Commissioner Richard Chervony 2. Frank Rollason, Village Manager 3. Mayte Gamiotea, Chief Financial Officer iv. Others: 1. Moises Ariza, Partner CBIZ 2. Approval of Last Meeting Minutes: a. Tuesday - March 10, 2026: Board Member William Pendergast made a motion to approve the meeting minutes. It was seconded by Board Member Marco Zuniga. Upon roll call vote, the motion passed 5 to 0. 3

2 3. Old Business: a. Update on FY 2023-2024 Annual Comprehensive Financial Report [ACFR]: Discussion item moved up as a courtesy to the guest presenter, Moises Ariza, Partner at CBIZ. Mr. Ariza from the Village's external auditing company, CBIZ, gave a very comprehensive review of the ACFR submitted for FY 2023-2024. There were questions and discussions about the major and minor findings of this audit, including issues that have been resolved, as well as possible solutions for the remaining issues. He also stated that the audit for FY 2024-2025 has started and will be completed by the Village deadline of June 30, 2026. The auditor said the findings will be submitted to the State of Florida on time. b. Update on the Village's Community Center / Treasure Island Elementary School Project: An extensive report was given by Village Manager Frank Rollason and Commissioner Richard Chervony. The ribbon-cutting ceremony is expected to take place in the first week of June 2026. c. Update on the Village Hall Project / Fire Station: Although not on the agenda, an extensive report on the project was given by Village Manager Frank Rollason and Commissioner Richard Chervony. The ground-breaking ceremony needs to take place by August 30, 2026, so the process of choosing a contractor can begin before the event. 4. New Business: a. FAB Secretary Seat: A discussion was held about the FAB Secretary position, its duties/responsibilities, and requirements. Board Member Bill Pendergrast will hopefully take over the position at the May meeting. 5. Staff / Commission Liaison Updates: NONE 6. Public Comments: NONE 7. Discussion of Agenda Items for Next Meeting: Tuesday, May 12, 2026 - a. Appointment of FAB Secretary b. Update on the Village's Community Center / Treasure Island Elementary School Project c. Any other items will be submitted to the Clerk via email. 4

3 8. Adjournment: a. Motion to Adjourn: i. Introduced by: William Pendergast ii. Vote: Motion passed 5 to 0 b. Adjourned: Meeting adjourned at 7:53 p.m. Drafted by: Commissioner Richard Chervony Finalized by: Isabel Betancourt, Assistant Village Clerk April 16, 2026 / Approval pending until the May meeting. 5