The public record

NAPERVILLEDecisions publishedPartial coverage

Financial Advisory Board

Tuesday, July 29, 2025 · Government meeting record

The 30-second read

Recorded outcome

Approve the minutes from the May 19, 2025 Financial Advisory Board special meeting.

Why it matters

This item is supported by a public source record.

What happens next

No later meeting or follow-up date is stated in the reviewed record.

Financial Advisory Board — Minutes

An official outcome record - an action agenda or minutes - is published for this meeting.

Captured actions

Recorded outcomes

Source artifacts

What changed

Other key decisions

2 captured items have a publicly linked outcome.

Search all 2 meeting actions

Item 1.
Approve the minutes from the May 19, 2025 Financial Advisory Board special meeting.
approved - The Minutes were approved.
- Financial Advisory Board — Minutes
Item G.
ADJOURNMENT:
approved - This was approved.
- Financial Advisory Board — Minutes

Record text

Search the record text

No recording or transcript is held for this meeting.

Minutes textFinancial Advisory Board — Minutes

400 S. Eagle Street Naperville, IL 60540 http://www.naperville.il.us/ City of Naperville Meeting Minutes Financial Advisory Board 6:00 PM NEUTuesday, July 29, 2025 A. CALL TO ORDER: Chairman Ed Harvey called the meeting to order at 6:04pm. B. ROLL CALL: Present: Thomas Gavin, Mark Gizzo, Curtis Williams, Jeanine O’Meara, Edward Harvey Absent: Jignesh Patel Also present: Jack Sannes (Marquette Associates), David Nirtaut (MetLife), Raymond Munch (Finance Director), Traci Marrocco (Deputy Finance Director), Melanie Smith (Accounting Manager) C. PUBLIC FORUM: D. REPORTS: 1. Approve the minutes from the May 19, 2025 Financial Advisory Board special meeting. May 19, 2025 Draft Meeting MinutesAttachments: Board member Gizzo made a motion to approve the minutes, seconded by Williams. Motion approved by unanimous voice vote. The Minutes were approved. 2. Receive the 2025 2nd Quarter Investment Report City of Naperville 2Q25 ReportAttachments: Jack Sannes and Dave Nirtaut presented the 2nd Quarter Investment Report. Mr. Sannes and Mr. Nirtaut both noted the portfolio is performing well. This Report was received. 3. Receive the 2025 Mid-Year Financial Report 2025 YTD Budget Report through June 30Attachments: Page 1City of Naperville Printed on 1/16/2026

July 29, 2025Financial Advisory Board Meeting Minutes Deputy Director Traci Marrocco presented the mid-year review of the 2025 annual operating budget, an update on the capital improvement projects, and an overview of the upcoming budget process. This Report was received. E. NEW BUSINESS: 1. Receive Freedom of Information Act (FOIA) and Open Meetings Act (OMA) training Boards and Commissions Member Training Final 2025Attachments: Director Ray Munch reviewed the Freedom of Information Act and Open Meetings Act training. This Presentation was received. F. OLD BUSINESS: 1. Receive a follow-up report regarding City Council consideration of a Grocery Tax replacement Director Munch stated that City Council will revisit the grocery tax discussion at the August 19th City Council meeting. City Council will be voting on if we are to move forward with an increase of the home-rule tax or keep the grocery tax. This Report was received. G. ADJOURNMENT: Board member Gavin made a motion to adjourn the meeting at 7:38 p.m., seconded by Gizzo. Motion approved by unanimous voice vote. This was approved. Page 2City of Naperville Printed on 1/16/2026

All meeting actions

Source coverage incomplete

2 meeting items captured. The published sources do not prove this is the complete docket.

Showing 2 of 2

Browse by category2 actions

Search this meetingShow

Agenda item G.Other meeting itemsapproved - This was approved.
ADJOURNMENT:
Department: ADJOURNMENT:
- Financial Advisory Board — Minutes
Agenda item 1.Budget and financeapproved - The Minutes were approved.
Approve the minutes from the May 19, 2025 Financial Advisory Board special meeting.
- Financial Advisory Board — Minutes

Official record

ArtifactSourceState

AgendaNot published in the sources we holdunavailable

Agenda packetNot published in the sources we holdunavailable

BudgetNot published in the sources we holdunavailable

Action agendaNot published in the sources we holdunavailable

MinutesFinancial Advisory Board — Minutesread text

Transcript or captionsNot published in the sources we holdunavailable

AttachmentNot published in the sources we holdunavailable

Official pages

View at source

Coverage and corrections

Records considered

Financial Advisory Board — Minutes

Not claimed by this page

Item-level plain-language summaries are not available; this page does not infer individual agenda items.
Item-linked, attributed deliberation
A source-grounded next meeting date

A plain-English overview is not available.
A transcript is not available.
No audio or video recording is linked.
Speakers have not been reliably matched to public profiles.
Named people and places have not been reliably resolved.
An individual roll-call roster is not available.

No source correction or revision history is recorded for this meeting. A corrected artifact will appear here as a new version rather than replacing what is shown above.

Canonical record: d9ddd66425f3c43c06f2c7bbfb7fa257. This page changes as stronger artifacts are published; it never overwrites an agenda with minutes.