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 Steve Kraus
Liason/Executive Director Phone 410-396-4676
Liason/Executive Director Email [email protected]



Position Member Name Term Started Term Expires Appointed By
President Catherine E. Pugh December 6, 2016 December 8, 2020 Voters
Vice President Larry I. Silverstein December 15, 2011 December 6, 2016 Mayor
Member Joan M. Pratt December 6, 2016 December 8, 2020 Voters
Member Dana C. Moulden October 2, 2008 December 6, 2016 Mayor
Member Frederick W. Meier November 28, 2005 December 6, 2016 Mayor