HomeMy WebLinkAbout01-29-2018 Finance Committee MinutesCITY OF SARATOGA
COUNCIL FINANCE COMMITTEE ACTION
MINUTES
DATE: January 29, 2018
TIME: 11:30 a.m.
LOCATION: Administration Conference Room
Saratoga City Hall
13777 Fruitvale Avenue
Saratoga, CA 95070
TELECONFERENCE LOCATION:
14398 Evans Lane
Saratoga, CA
PRESENT: Council Members: Miller, Mayor Bernald by Teleconference
ABSENT: None
ALSO PRESENT: Staff members: Lindsay, Furey, McFarlane, Bothelio, Cherbone, Cabute
1. Approval of Prior Finance Committee Meeting Minutes:
A. December 7, 2017 Minutes approved
2. Oral & Written Communications:
A. None
3. Old Business
A. Employee Retention Strategies
● Action Item – Bring Employee Retention ideas to Council Retreat for Council discussion.
4. New Business
A. Weekend Sign Enforcement Funding
● Action Item – Put sign code enforcement status out as newsletter item to gauge interest.
B. Council Retreat Finance Review: Fiscal Policies, Mid-Year Budget Status, Five Year Forecast,
and PERS Projections ● Action Items:
1. Add summary view of Budget Calendar/Budget Process Overview at beginning of Finance
Review session.
2. Submit Financial Polices to Council at retreat with deadline for feedback /suggestions (for
grammatical/clarification changes.). Bring back to Council for any proposed policy
changes at Budget Study Session.
3. Review Development Reserve and Fiscal Stabilization policies and provide Finance
Committee recommendation to merge into one reserve.
4. Present proposed budget adjustments and revisit in CIP funding priority discussion.
5. Present Five-Year Forecast, focusing on explaining the upcoming CalPERS changes, SCC
Sheriff UAL cost impacts and options for funding upcoming increases.
6. Review Capital Improvement Reserve funding availability and capital project funding
requests. Provide updated project worksheets.
C. Committee Workplan
● Action Item –Next meeting discuss Finance Policies. Send Finance Policies packet to
Council prior to Finance Committee meeting.
D. Next FC meeting date – TBD
● Action Item – Staff to work out meeting calendar and schedule Finance Committee meetings
following Agenda Setting meetings.
5. Adjournment