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HomeMy WebLinkAbout09.23.2021 Finance Committee Minutes CITY OF SARATOGA �f ACTION MINUTES 4�?FOR, COUNCIL FINANCE COMMITTEE SEPTEMBER 23, 2021 MEETING TIME 3:00 p.m. LOCATION Virtual Meeting via Zoom 1. CALL TO ORDER Mayor Zhou called the meeting to order at 3:00 2. ROLL CALL A. COUNCIL PRESENT: Mayor Zhao, Vice Mayor Walia, Councilmember Bernald B. STAFF PRESENT: Lindsay, Furey, Jaw, Bothelio, Scott, Urena, Dalida 3. REPORT ON POSTING OF THE AGENDA Meeting notice posted September 20, 2021 4. ORAL & WRITTEN COMMUNICATION None 5. APPROVAL OF PRIOR FINANCE COMMITTEE MEETING MINUTES June 10, 2021 Meeting Minutes approved 2-0 6. OLD BUSINESS None 7. NEW BUSINESS A. CalPERS Annual Report Action Item: none B. American Rescue Plan Act Grant Funding Action Item: Recommendation to bring recommended budget adjustments to Council passed 2-0. A second motion to recommend staff focus on applying American Rescue Plan Act funding for stormwater infrastructure projects also passed 2-0. C. Sheriff Services Action Item: Finance committee recommends this matter be brought to City Council prior to end of December with additional information on the following cost information for Council review and discussion. 1. Comparable SRO costs to other cities? 2. Dollar value for total SRO costs? 3. How was $360,000 cost calculated? 4. Do other cities have three way contract like Saratoga's? 5. Provide historical perspective. Was there a written agreement for the $100,000 cost? 8. ADJOURNMENT Motion to close passed at 4:38 p.m 2-0.