HomeMy WebLinkAbout04-03-2015 Finance Committee MinutesMinutes approved May 15, 2008
CITY OF SARATOGA
COUNCIL FINANCE COMMITTEE
ACTION MINUTES
DATE: April 3, 2015
TIME: 8:30 a.m.
LOCATION: Admin Conference Room
Saratoga City Hall
13777 Fruitvale Avenue
Saratoga, CA 95070
ATTENDEES: Miller, Cappello
ABSENT:
OTHERS IN ATTENDANCE: Staff members: Lindsay, Furey, McFarlane, Babcock, Taylor, Riordan,
Member of the Public: Bernald
1. Approval of Prior Finance Committee Meeting Minutes:
A. Action Items – March 6, 2015 Minutes approved
2. Oral & Written Communications:
A. N/A
3. Old Business
A. Remaining UAL obligation and repayment of Fiscal Stabilization Reserve $1 million loan.
Action Item – Directed staff to incorporate a $500,000 current year loan repayment into
proposed budget, and $250,000 repayments in 2015/16 and 2016/17.
Action Item – Include $500,000 UAL payment to CalPERS in budget, and add policy statement
to state the Council’s intent is decrease UAL with minimum $500,000 annual payments.
4. New Business
A. Village Façade Grant Application Review
Action Item – Minicakes - program allowable façade refunding approved
B. Fee Schedule Update
Action Item – Revise Park Rental section to include statement ‘Rates do not apply to Sport User
Groups with separate City contracts.’ All other changes approved.
C. EV Station analysis
Action Item – bring back further analysis on Village EV Stations at meeting following budget
to include incremental costs associated with Software management programs, find out who
benefits from Library solar (City or Library building?)
D. Proposed Budget Review
Action Items:
o UAL – bring discussion to Budget Study Session with explanation and recommended
payment and policy statement
o Sheriff Costs – staff to further analyze impacts for service levels and future PERS costs and
discuss further at Budget Study Session. Show summary information past and future – with
actuals above or below cap (and refund)
o Community Grants – For Study Session: leave $22,000 Adult Day Care funding in place,
remove $20,000 Destination Saratoga funding, leave other annual support funding
highlighted for discussion
Minutes approved May 15, 2008
o Community Events – fine as presented – determined by Council earlier
o Council Budget – put in $9,000 for training
o Commission Budget – okay with Youth and Planning Commission increases, HPC funding
rollover
o Internal Service Funds – fine as presented
o CIP – Present one page explanation of CIP changes since Council Retreat and the Finance
Committee’s recommendations
E. Fiscal Policy Updates
Working Capital/Fiscal Stabilization Reserves
o Action Item – bring back Working Capital/Fiscal Stabilization Reserve funding level
analysis in September
Development Reserve
o Action Items: None
Facility Infrastructure Reserve
o Action Items: bring to Budget Study Session for discussion of purpose, along with property
appraisal information
A. Committee Items
Action Item – bring back EV Station profit analysis after budget
Action Item – bring back Working Capital/Fiscal Stabilization Reserve funding level analysis
in September
B. Next FC meeting date
Action Item – schedule meeting for Friday, May 1st at 8:30am.
5. Adjournment