HomeMy WebLinkAboutFC_2017-05-31 AgendaPacket
CITY OF ATASCADERO
FINANCE COMMITTEE
AGENDA
Wednesday, May 31, 2017
3:30 p.m.
Atascadero City Hall – Conference Room 306
6500 Palma Avenue, Atascadero, California
In compliance with the Americans with Disabilities Act, if you require special assistance to participate in this
meeting, please contact the City Clerk's Office, (805) 470-3400, at least 48 hours prior to the start of the
meeting to enable the City to make reasonable arrangements. Thank you.
CALL TO ORDER:
ROLL CALL: Chairperson: Heather Moreno
Vice-Chairperson: Charles Bourbeau
Committee Member: Gere Sibbach
Committee Member: Rachelle Rickard
Committee Member: Jeri Rangel
A. CONSENT CALENDAR:
1. Finance Committee Draft Action Minutes – May 3, 2017 and May 10, 2017
Recommendation: Committee approve the Draft Action Minutes of the
May 3, 2017 and May 10, 2017 Finance Committee Meetings . [City Clerk]
PUBLIC COMMENT: At this time members of the public may address the Committee
regarding any items within the subject matter jurisdiction of the Committee whether or not
the item appears on the agenda. Individual audience participation is limited to three
minutes per speaker. Please state your name for the record before making your
presentation. Following Public Comment, the floor will be closed to public participation
and open for business.
Page 1 of 6
B. BUSINESS: This portion of the agenda is for all matters where staff and public
participation is anticipated. Individual audience participation is limited to three
minutes per speaker. Please state your name for the record before making your
presentation.
1. Budget Discussion - Operational Funds
C. INDIVIDUAL DETERMINATIONS:
1. Chair
2. Vice Chair
3. Treasurer
4. City Staff
ADJOURN
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Atascadero Finance Committee
May 3, 2017
Page 1 of 2
CITY OF ATASCADERO
FINANCE COMMITTEE
DRAFT ACTION MINUTES
Wednesday, May 3, 2017
4:00 p.m.
Atascadero City Hall – Conference Room 106
6500 Palma Avenue, Atascadero, California
CALL TO ORDER:
Chair Moreno called the meeting to order at 4:30 p.m.
PRESENT: COMMITTEE MEMBERS: Heather Moreno, Chair
Charles Bourbeau, Vice Chair
Gere Sibbach
Rachelle Rickard
Jeri Rangel
ABSENT: COMMITTEE MEMBERS: None
ALSO PRESENT: Lara Christensen, Deputy City Manager / City Clerk
Cindy Chavez, Deputy Administrative Services Director
A. CONSENT CALENDAR:
1. Finance Committee Draft Action Minutes – April 13, 2017
Recommendation: Committee approve the Draft Action Minutes of the
April 13, 2017 Finance Committee Meeting. [City Clerk]
City Manager Rickard reported an error in the Minutes. She noted that the Motion under
Business Item 1 should be corrected to reflect Tier 1 PERS, not Tier 3 PERS, in Step 2 of
the recommended annual increase calculation.
Motion: By Member Rickard and seconded by Member Sibbach to approve the
Draft Action Minutes of the April 13, 2017 Finance Committee Meeting with
the following amendment:
The motion for Item 1 under Business should read
Step 2: Calculate the year over year percentage change in the
cost of a C Step officer, family medical, with Tier 1 PERS.
Motion passed 5:0 by a roll-call vote.
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ITEM NUMBER: A-1
DATE: 05/31/17
Atascadero Finance Committee
May 3, 2017
Page 2 of 2
PUBLIC COMMENT:
The following persons spoke during Public Comment: Michael Manchak (Exhibit A)
Chair Moreno closed the Public Comment period.
There was Committee consensus to place the request from the Economic Vitality
Corporation for additional funding on the agenda for the May 10, 2017 meeting.
B. BUSINESS:
1. Investment Policy
Recommendation: Committee discuss the merits of Supranational
Securities and direct staff to take to the City Council for consideration an
amendment to the investment policy allowing investment in Supranational
Securities. [City Treasurer]
City Treasurer Sibbach briefly described the City’s Investment Policy (Exhibit B). He
reported that an investment opportunity, called supranationals, is available to the City.
Motion: By Vice Chair Bourbeau and seconded by Chair Moreno directing the City
Treasurer to take to the City Council for consideration an amendment to
the investment policy allowing investment in Supranational Securities.
Motion passed 5:0 by a voice vote.
2. Review of the Budget
Administrative Services Director Rangel gave a brief overview on Special Revenues in
the City (Exhibit C). She and City Manager Rickard answered questions from the
Committee.
Public Comment: None
C. INDIVIDUAL DETERMINATIONS: None
D. ADJOURN:
Chair Moreno adjourned the meeting at 5:52 p.m.
MINUTES PREPARED BY:
_________________________________
Lara K. Christensen
Deputy City Manager / City Clerk
APPROVED:
The following exhibits are available for review in the City Clerk’s office:
Exhibit A – Request for Funding from Economic Vitality Corp presented by Michael Manchak
Exhibit B – City of Atascadero Investment Policy distributed by Administrative Services
Exhibit C – Special Revenue handouts presented by Administrative Services Director Rangel
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ITEM NUMBER: A-1
DATE: 05/31/17
Atascadero Finance Committee
May 10, 2017
Page 1 of 2
CITY OF ATASCADERO
FINANCE COMMITTEE
DRAFT ACTION MINUTES
Wednesday, May 10, 2017
4:00 p.m.
Atascadero City Hall – Conference Room 106
6500 Palma Avenue, Atascadero, California
CALL TO ORDER:
Chairperson Moreno called the meeting to order at 4:06 p.m.
PRESENT: COMMITTEE MEMBERS: Heather Moreno, Chair
Charles Bourbeau, Vice Chair
Gere Sibbach
Rachelle Rickard
Jeri Rangel
ABSENT: COMMITTEE MEMBERS: None
ALSO PRESENT: Amanda Muther, Deputy City Clerk, Lynda Horejsi, Administrative
Services Accounting Specialist, Cindy Chavez, Deputy Administrative
Services Director, Ryan Hayes, Deputy Public Works Director
A. APPROVAL OF THE AGENDA: Roll Call
Motion: By Vice Chairperson Bourbeau and seconded by Committee Member
Rickard to approve the Agenda.
Motion passed 5:0 by a voice-vote.
B. CONSENT CALENDAR: None
C. PUBLIC COMMENT: None
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ITEM NUMBER: A-1
DATE: 05/31/17
Atascadero Finance Committee
May 10, 2017
Page 2 of 2
D. BUSINESS:
1. Economic Vitality Corp (EVC) Request for Increased Funding
Administrative Services Director Rangel answered questions from the Committee.
Public Comment: None
Motion: By Chairperson Moreno and seconded by Committee Member Sibbach to
approve funding in the 2017/2018 Fiscal Year Budget, for Economic
Vitality Corp (for economic planning for the closure of Diablo Canyon), in
the amount of $5,000 and reevaluate funding amount in two years.
Motion passed 5:0 by a voice-vote.
2. Review of the Budget – Capital Projects
Administrative Services Director Rangel distributed the Capital Projects Budget (Exhibit A),
presented the item and answered questions from the Committee. Committee Member
Rickard and Deputy Public Works Director Hayes also answered questions from the
Committee.
Public Comment: None
Motion: By Chairperson Moreno and seconded by Committee Member Rickard to
transfer any funds remaining in the Maiden Statue Placement project
budget, following the project’s completion, to the Centennial Bridge and
Plaza Project budget.
Motion passed 5:0 by a voice-vote.
E. INDIVIDUAL DETERMINATIONS: None
F. ADJOURN
Chair Moreno adjourned the meeting at 5:30 p.m.
MINUTES PREPARED BY:
_________________________________
Amanda Muther
Deputy City Clerk
The following exhibits are available for review in the City Clerk’s office:
Exhibit A – Capital Projects Budget from Administrative Services Director Rangel
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ITEM NUMBER: A-1
DATE: 05/31/17