Finance Committee September 2, 2026

The City of Annapolis Finance Committee met on September 2, 2026, to discuss several procurement and budget-related matters. Key topics included fund transfer FT127 related to budget centralization adjustments, which received a favorable recommendation. The committee reviewed labor agreements involving union negotiations, including a 2% cost of living adjustment and changes to standby compensation policies, with all four agreements having been voted on. The committee also discussed capital improvement projects, highlighting delays in the Robert Eids Park project and progress on the fuel dock project, with plans for contract awards on the Southside Compromise Street flooding mitigation project. Additionally, the finance director provided an update on audit timelines, purchase order closures, and staffing hires in the finance department, emphasizing efforts to improve monthly financial close processes and maintain data accuracy. The committee expressed support for ongoing improvements in contract management and capital project execution.