HomeMy WebLinkAbout06.13.2023 Finance Committee AgendaCity Council Finance Committee Agenda June 13, 2023
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SARATOGA CITY COUNCIL
FINANCE COMMITTEE
June 13, 2023
4:00 P.M. REGULAR MEETING
Public Participation Information
In accordance with Saratoga City Council’s Remote Public Participation Policy, members of the
public may participate in this meeting in person at the location listed below or via remote
attendance using the Zoom information below.
Members of the public can view and participate in the meeting by:
1. Attending the meeting in person in the Linda Callon Conference Room located at 13777
Fruitvale Avenue, Saratoga CA 95070; OR
2. Accessing the meeting through Zoom
* Webinar URL https://us02web.zoom.us/j/81909763546
* Webinar ID: 819 0976 3546
* Calling 1.669.900.6833 or 1.408.638.0968
Written Communication
Comments can be submitted in writing at www.saratoga.ca.us/fc. Written communications will
be provided to the members of the City Council and included in the Agenda Packet and/or in
supplemental meeting materials.
Public Comment
Members of the public may comment on any item for up to three (3) minutes. The amount of
time for public comment may be reduced by the Mayor.
Meeting Recording Information
In accordance with the Saratoga City Council’s Meeting Recording Policy, the City Council
Finance Committee Meetings are recorded and made available following the meeting on the
City website.
City Council Finance Committee Agenda June 13, 2023
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CALL TO ORDER
ROLL CALL
Public Comment
AGENDA ITEMS
1. Finance Committee Minutes
Recommended Action:
Review and approve the minutes for the May 9, 2023 Finance Committee Regular Meeting.
Finance Committee Minutes
2. 2023-24 Enabling Budget Resolutions
Recommended Action:
No action. Receive draft staff reports and provide requests for clarification.
A. Appropriations Limit
B. GO Bond
C. Arrowhead
Memo - Enabling Resolutions
Fiscal Year 2023-24 Appropriations Limit
Attachment A - Resolution
Attachment B - California Department of Finance Price Factor and Population, May
2023
Fiscal Year 2023-24 GO Bond Tax Levy
Attachment A - Resolution
Attachment B - Debt Service Schedule
Fiscal Year 2023-24 Arrowhead Property Tax Levy
Attachment A - Arrowhead Tax Levy Resolution
3. 2023-24 Investment Policy
Recommended Action:
Approve amended policy and recommend City Council approval.
Fiscal Year 2023-24 Investment Policy
Attachment A - Resolution
Attachment B - Proposed Investment Policy Edits
4. California CLASS Presentation
Recommended Action:
No Action. Receive presentation on alternative investment option and provide feedback.
Memo - Presentation from California CLASS for Investment Services
California CLASS-Liquidity Management for California Public Agencies
5. Committee Meeting Schedule and Tentative Agenda Topics
City Council Finance Committee Agenda June 13, 2023
Page 3 of 3
Memo - Summer Recess Schedule
Recommended Action:
Reconfirm meeting schedule and tentative agenda topics
ADJOURNMENT
CERTIFICATE OF POSTING OF THE AGENDA, DISTRIBUTION OF THE AGENDA PACKET,
COMPLIANCE WITH AMERICANS WITH DISABILITIES ACT
I, Gina Scott, Administrative Analyst for the City of Saratoga, declare that the foregoing agenda
for the meeting of the City Council Finance Committee was posted and available for public
review on June 8, 2023, at the City of Saratoga, 13777 Fruitvale Ave., Saratoga, CA 95070, and
on the City’s website at www.saratoga.ca.us.
Signed this 8th day of June 2023 at Saratoga, California.
Gina Scott, Administrative Analyst
In accordance with the Ralph M. Brown Act, copies of the staff reports and other materials
provided to the Committee by City staff in connection with this agenda, copies of materials
distributed to the Committee concurrently with the posting of the agenda, and materials
distributed to the Committee by staff after the posting of the agenda are available on the City
website at www.saratoga.ca.us and are available for review in the office of the City Clerk at
13777 Fruitvale Avenue, Saratoga, California.
In compliance with the Americans with Disabilities Act and the Governor’s Executive Order, if
you need assistance to participate in this meeting, please contact the City Clerk at
bavrit@saratoga.ca.us or call 408.868.1216 as soon as possible before the meeting. The City will
use its best efforts to provide reasonable accommodations to provide as much accessibility as
possible while also maintaining public safety. [28 CFR 35.102-35.104 ADA title II]