HomeMy WebLinkAbout05.20.2021 Finance Committee Minutes
CITY OF SARATOGA
ACTION MINUTES
COUNCIL FINANCE COMMITTEE
MAY 20, 2021
MEETING TIME 3:01 p.m.
LOCATION Virtual Meeting via Zoom
1. CALL TO ORDER
Mayor Zhao called the meeting to order at 3:01
2. ROLL CALL
A. COUNCIL PRESENT: Mayor Zhao, Vice Mayor Walia, Bernald
B. STAFF PRESENT: Lindsay, Furey, Jaw, Bothelio, Scott, Walker
C. OTHERS: Pincus. Masuda, Dean
3. REPORT ON POSTING OF THE AGENDA
Meeting notice posted May 17, 2021
4. ORAL & WRITTEN COMMUNICATION
None
5. APPROVAL OF PRIOR FINANCE COMMITTEE MEETING MINUTES
April 22, 2021 Meeting Minutes approved
6. OLD BUSINESS
None
7. NEW BUSINESS
A. Budget Preview Follow-up
Action Item: none.
B. Theater Rental Fees
Action Item: Finance Committee recommendation to Council: Approve waiver of rental
fees and apply ticket surcharge revenues collected during FY 2021/22 theater season to
the operating budget.
C. Investment Policy Annual Report
Action Item: Finance Committee accepted Investment Policy report and requested staff
bring an analysis of authorized investment options back to the Finance Committee within
the next few months.
D. Gann Limit Annual Report
Action Item: none.
8. ADJOURNMENT
Motion to close passed at 3:47pm