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OPENPUBLICA · PUBLIC MEETING RECORD

Record of Proceedings

Evansville Local Public Improvement Bond Bank Meeting - June 4, 2026

City Council — Thursday, June 4, 2026

BodyEvansville, Indiana

SessionCity Council

DateThursday, June 4, 2026

StatusFILED

Video Record

0:00 / 15:24

Transcript — VerbatimClick a timed line to jump · ⧉ to share it

0:50

Good morning, everyone.

0:51

It's uh 10 30 a.m.

0:53

Welcome to the Evansville Local Public Improvement Bond Bank.

0:56

This is our uh Thursday, June 24th meeting.

1:00

Uh and we are in session.

1:03

Uh Robert, I'd like to confirm that this meeting was posted within compliance of open door laws.

1:09

Yes, sir.

1:10

It was uh published on Granicus, and we have uh paper of notices on the first and third floor bulletin boards.

1:17

Great.

1:18

And uh confirmation of quorum.

1:21

We have three members present.

1:22

We are expecting one more, uh body of five, so we do have quorums.

1:27

Yes.

1:28

Everyone was provided a copy of our minutes of our previous meeting dated March eighteenth, 2026.

1:35

Does anyone have any uh questions, comments, concerns, or corrections for those hearing none, I would accept a motion to approve said minutes.

1:49

Motion to approve.

1:50

And do we have a second?

1:51

Second.

1:52

And with a motion and a second, all in favor, aye.

1:55

Aye.

1:55

Thank you.

1:58

Turn this over to Robert.

1:59

Robert, thank you.

2:00

Um don't really have any remarks.

2:02

I appreciate everyone coming in again.

2:05

Uh also uh to do this and uh especially to Ashley and Alison for for coming in.

2:13

So that's all I have.

2:17

Great.

2:17

Uh in your uh email prior to this meeting, you were provided uh financial reports.

2:25

Um turn this over to Robert and Cody to answer any questions and walk us through this.

2:32

Okay, um good morning.

2:34

Good to see everybody again.

2:36

I really don't have a whole lot for you this time.

2:38

Um if you look at your cash and investments, we're down a little over two million dollars.

2:43

And it really is uh we dispersed a million nine during this year to the um dispatch.

2:53

Emergency dispatch for for for equipment and paid um e-rep.

2:59

And that's pretty much net of our investment income so far this year.

3:04

Um as far as our uh bands.

3:07

I build Evansville Police Department just over six hundred and ten thousand dollars this week for their June payment on their vehicles and other than that it's been very steady.

3:23

Um Robert's been investing in short-term CDs to keep cash available for anything we need to have.

3:30

Umcoming on any kinds of loans we want to make pay out.

3:36

Um it's been very steady.

3:39

DMD.

3:40

They approached the board.

3:42

DMD approached the board last year about some projects that they have on the drawing board.

3:48

So we're trying to keep that cash available to move forward with those projects.

3:57

Any questions for me?

4:04

I I have no questions.

4:05

If no one else does, I would accept a motion to accept these financial reports as presented.

4:11

So moved.

4:12

Second.

4:17

Aye.

4:18

Aye.

4:20

And those are accepted.

4:22

Do we have an audit report from Harding Shamanski and Company.

4:34

And Ashley, do you want to walk us through said report?

4:43

Thank you.

4:45

It's good to see everybody again as well.

4:47

Um I think all of you know me, Ashley Schultz, vice president with Harding and Schmansky, and I was vice president on this engagement.

4:54

I'd also like to introduce Alison Patrick Howski.

Discussion Breakdown — Share of Meeting

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Summary of Proceedings

Evansville Local Public Improvement Bond Bank Meeting - June 4, 2026

The Evansville Local Public Improvement Bond Bank held a meeting on June 4, 2026, at 10:30 a.m. The board approved the previous meeting minutes, accepted financial reports, and adopted the annual audit report. The meeting also addressed a voucher register, updated a member list, and cancelled a future meeting.

Discussion Items

Financial Reports: Robert and Cody presented the financial reports. Cash and investments decreased by approximately $2 million, mainly due to a $1.9 million disbursement to the emergency dispatch for equipment and a $610,000 payment to the Evansville Police Department for vehicle purchases. Short-term CDs were used to maintain liquidity. The board discussed keeping cash available for pending DMD projects. The reports were accepted by a unanimous voice vote.
Audit Report: Ashley Schultz of Harding Shamanski and Company presented the audited financial statements for the bond bank. She noted a clean (unqualified) opinion. Key changes included a slight dip in cash due to additional CD purchases, a $1.8 million bond issuance in 2025, and $4.6 million in bond proceeds received. One adjusting journal entry corrected a $14,000 check that was improperly coded to interest income rather than principal reduction. The audit report was accepted by a unanimous voice vote.
Voucher Register and Member List: The board reviewed and signed the voucher register for invoices. A member list update (email address change) was approved without questions.
Cancellation of Future Meeting: Staff requested and the board agreed to cancel the June 18 or 19 meeting, with a reminder to be sent by Pam.

Key Outcomes

Approved minutes of the March 18, 2026, meeting (motion, second, unanimous aye).
Accepted financial reports as presented (motion, second, unanimous aye).
Accepted the audit report from Harding Shamanski and Company (motion, second, unanimous aye).
Signed the voucher register and approved the updated member list.
Cancelled the next scheduled meeting (June 18 or 19). No further business was conducted, and the meeting adjourned.

Meeting Transcript

Good morning, everyone. It's uh 10 30 a.m. Welcome to the Evansville Local Public Improvement Bond Bank. This is our uh Thursday, June 24th meeting. Uh and we are in session. Uh Robert, I'd like to confirm that this meeting was posted within compliance of open door laws. Yes, sir. It was uh published on Granicus, and we have uh paper of notices on the first and third floor bulletin boards. Great. And uh confirmation of quorum. We have three members present. We are expecting one more, uh body of five, so we do have quorums. Yes. Everyone was provided a copy of our minutes of our previous meeting dated March eighteenth, 2026. Does anyone have any uh questions, comments, concerns, or corrections for those hearing none, I would accept a motion to approve said minutes. Motion to approve. And do we have a second? Second. And with a motion and a second, all in favor, aye. Aye. Thank you. Turn this over to Robert. Robert, thank you. Um don't really have any remarks. I appreciate everyone coming in again. Uh also uh to do this and uh especially to Ashley and Alison for for coming in. So that's all I have. Great. Uh in your uh email prior to this meeting, you were provided uh financial reports. Um turn this over to Robert and Cody to answer any questions and walk us through this. Okay, um good morning. Good to see everybody again. I really don't have a whole lot for you this time. Um if you look at your cash and investments, we're down a little over two million dollars. And it really is uh we dispersed a million nine during this year to the um dispatch. Emergency dispatch for for for equipment and paid um e-rep. And that's pretty much net of our investment income so far this year. Um as far as our uh bands. I build Evansville Police Department just over six hundred and ten thousand dollars this week for their June payment on their vehicles and other than that it's been very steady. Um Robert's been investing in short-term CDs to keep cash available for anything we need to have. Umcoming on any kinds of loans we want to make pay out. Um it's been very steady. DMD. They approached the board. DMD approached the board last year about some projects that they have on the drawing board. So we're trying to keep that cash available to move forward with those projects. Any questions for me? I I have no questions. If no one else does, I would accept a motion to accept these financial reports as presented. So moved.

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