Finance Committee July 15, 2026

The City of Annapolis Finance Committee convened on July 15, 2026, to review budget-to-actual financial reports and discuss supplemental appropriations. Key procurement-related discussions included a detailed update on a parking services contract overrun initially estimated at nearly $500,000 but later reduced to approximately $225,000 after reconciliation with the vendor. The committee discussed new internal processes to monitor contract invoices more closely and ensure timely flagging of overruns. Additionally, the committee reviewed and favorably recommended two supplemental appropriations: one for a grant to modernize city outdoor lighting fixtures to LED, aiming for long-term energy savings and compliance with state building energy standards, and another smaller grant to the police department for overtime and cadet alcohol compliance checks. The committee also touched on the upcoming bid process for the parking services contract, expected to be issued by the end of the year.