HomeMy WebLinkAbout2021-02-23 Meeting AgendaFinance Committee Meeting Virtual/Teleconference- 2/23/2021- 1:20 PM
FINANCE
1.Motion to approve the minutes of the Finance Committee held
on February 9, 2021.Attachments
www.augustaga.gov
Finance Committee Meeting
2/23/2021 1:20 PM
Minutes
Department:
Presenter:
Caption:Motion to approve the minutes of the Finance Committee held
on February 9, 2021.
Background:
Analysis:
Financial Impact:
Alternatives:
Recommendation:
Funds are
Available in the
Following
Accounts:
REVIEWED AND APPROVED BY:
Cover Memo
Item # 1
Finance Committee Meeting VirtuaUTeleconference - zlgl20zl
ATTENDANCE:
Present: Hons. D. williams, vice chairman; McKnight and scott,
members.
Absent: Hons. Hardie Davis, Jr., Mayor; Sias, Chairman.
F'INANCE
1. Request to approve Augusta Commercial Property Insurance coverage for Item
2021 offered through Affiliated FM, current carrier, for a premium of Action:
$584,984 for full blanket coverage and limited flood coverage in-flood prone Approved
areas.
Motions
ffi':" Motion Text Made By
Motion to, apDrove.APProve vtotion passes
3-0.
Motions
f#:" Motion rext
commissioner commissioner
Francine Scott Catherine Smith- Passes
McKnight
Seconded By Motion
Result
2.Motion to approve the minutes of the Finance Committee held on March 10,
2020.
Made Seconded MotionBy By Result
It was the consensus of the
committee that this item be
approved without objection.
3. Approve Excess Workers' Compensation Insurance with Statutory limits and a
$1,000,000 Self Insured Retention (SIR - otherwise known as the deductible)
Item
Action:
Approved
Attachment number 1 \nPage 1 of 2
Item # 1
to cover all positions for
Incumbent
a premium of $349,048. Safety National Item
Action:
Approved
Motions
Motion
Type
Approve
Motion Text
Motion to
approve.
Motion Passes
3-0.
Made By
Commissioner
Francine Scott
Seconded By Motion
Result
Commissioner
Catherine Smith- Passes
McKnight
www.augustaga.gov
Attachment number 1 \nPage 2 of 2
Item # 1