HomeMy WebLinkAboutFC_2020-08-27_MinutesCITY OF ATASCADERO
FINANCE COMMITTEE
MINUTES
Thursday, August 27, 2020
3:00 p.m.
Atascadero City Hall - Webinar
6500 Palma Avenue, Atascadero, California
CALL TO ORDER:
Chairperson Bourbeau called the meeting to order at 3:01 p.m.
PRESENT (By Teleconference) COMMITTEE MEMBERS:
F-11 8,
IML41
Charles Bourbeau, Chair
Susan Funk, Vice Chair
Gere Sibbach
Rachelle Rickard
Jeri Rangel
None
ALSO PRESENT (By Teleconference): Amanda Muther, Deputy City Clerk and Cindy
Chavez, Deputy Administrative Services Director
A. CONSENT CALENDAR:
1. Finance Committee Draft Action Minutes - May 30, 2019
• Recommendation: Committee approve the Draft Action Minutes of the
May 30, 2019 Finance Committee Meeting. [City Clerk]
Motion: By Committee Member Sibbach and seconded by Vice Chairperson
Funk to approve the Consent Calendar.
Motion passed 5:0 by a roll -call vote.
PUBLIC COMMENT:
The following citizens spoke during Public Comment: None.
Chairperson Bourbeau closed the PUBLIC COMMENT period.
Atascadero Finance Committee
August 27, 2020
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B. BUSINESS:
1. Amendment of Investment Policy
• Fiscal Impact: A modest increase in interest earnings is anticipated with
this Policy update.
• Recommendation: Committee recommend Draft Resolution amending the
City of Atascadero Investment Policy to the City Council for approval. [City
Treasurer]
City Treasurer Sibbach presented the item and answered questions from the Committee.
Administrative Services Director Rangel and City Manager Rickard also answered
questions from the Committee.
PUBLIC COMMENT:
Chairperson Bourbeau allowed for public comments and questions during the
Committee's discussion on this item.
The following citizens spoke during this time: None.
Motion: By Vice Chairperson Funk and seconded by Committee Member
Rickard to recommend Draft Resolution amending the City of
Atascadero Investment Policy to the City Council for Approval.
Motion passed 5:0 by a roll -call vote.
C. INDIVIDUAL DETERMINATIONS: None.
ADJOURN
Chairperson Bourbeau adjourned the meeting at 3:59 p.m.
MINUTES PREPARED BY:
Amanda Muther
Deputy City Clerk
APPROVED: April 29, 2021
Atascadero Finance Committee
August 27, 2020
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