Board of Finance



 

Board Information

Name Board of Finance
Function As delineated in the City Charter, the Board of Finance has the following responsibilities: 1. Authorizes and issues certificates of indebtedness of the City and determines all matters pertaining to the issuance and sale of certificates of indebtedness. 2. Selects all depositories for City Funds. 3. Fixes the nature, amount, and the proper custodian of the security to be given by any such institution(s) for the faithful performance of its obligations for deposits or collections. 4. The Board is the only body that has the authority to issue temporary loans consistent with the Charter and is empowered to authorize the issue of negotiable, or non-negotiable, obligations of the City, including promissory notes. 5. The Board reviews the six year capital improvement program and first year capital budget as recommended by the Planning Commission and reports its recommendations to the Board of Estimates. 6. Oversees all City trust accounts 7. Reviews all City investments and other matters related to debt. 8. Designates a clerk to the Board who shall keep its accounts and a record of its proceedings.
Composition Board of Finance
City Council Approval Yes
Legal Authority City Charter Article VII § 19
Liason/Executive Director Name Jenell A. Rogers
Liason/Executive Director Phone 410-396-4750
Liason/Executive Director Email jrogers@baltimorecity.gov

 

Membership

Position Member Name Term Started Term Expires Appointed By
President Brandon M. Scott November 3, 2020 December 3, 2024 Voters
Comptroller Bill Henry November 3, 2021 December 3, 2024 Voters
Member Frederick W. Meier* October 18, 2005 December 8, 2020 Mayor
Member Robert A. Shelton April 24, 2022 December 3, 2024 Mayor
Member Arnold Williams November 23, 2020 December 3, 2024 Mayor
         
* Remains in office until a successor has been appointed and qualified.