HomeMy WebLinkAbout06-22-2017 Finance Committee MinutesCITY OF SARATOGA
COUNCIL FINANCE COMMITTEE ACTION
MINUTES
DATE: June 22, 2017
TIME: 11:30 a.m.
LOCATION: Administration Conference Room
Saratoga City Hall
13777 Fruitvale Avenue
Saratoga, CA 95070
PRESENT: Council Members: Miller, Lo
ABSENT: None
ALSO PRESENT: Council Members: Bernald
Staff members: Lindsay, Furey, McFarlane
Public: Auditor Chavan
1. Approval of Prior Finance Committee Meeting Minutes:
A. May 11, 2017 Minutes approved
2. Oral & Written Communications:
A. N/A
3. Old Business
A. None
4. New Business
A. FY 2016/17 Interim Audit Workplan
● Action Item - Received report, noted staff will continue to update finance policies
B. Debt Management Policy
● Action Item – make changes to draft policy per discussion; bring to Council on July 5th
C. Recession Planning Preparations
● Action Item – Continue to develop plan; bring back to Finance Committee in late summer
D. Equipment Replacement Schedule
● Action Items – None
E. Committee Workplan
● Action Items – None
F. Next FC meeting date: late August 2017 – date/time to be determined
5. Adjournment Minutes approved May 15, 2008