HomeMy WebLinkAbout2022.10.27 Finance Committee MinutesCity Council Finance Committee Minutes – October 27, 2022
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MINUTES
SARATOGA CITY COUNCIL FINANCE COMMITTEE
REGULAR MEETING
OCTOBER 27, 2022
CALL TO ORDER
The meeting was called to order at 3:30 p.m. via Zoom.
ROLL CALL
Present: Mayor Tina Walia, Vice Mayor Kookie Fitzsimmons
Also Present: Nick Pegueros, Administrative Services Director
Crystal Bothelio, Assistant City Manager
John Cherbone, Public Works Manager
Agnes Pabis, Finance Manager
Macedonio Nunez, Engineering Services Manager
Mary Beth Redding, Foster and Foster
Gina Scott, Administrative Analyst
ORAL COMMUNICATIONS ON NON-AGENDIZED ITEMS
None
AGENDA ITEMS
1. Finance Committee Minutes
Recommended Action:
Approve the minutes for the September 22, 2022, Finance Committee Regular Meeting.
FITZSIMMONS/WALIA MOVED TO APPROVE THE MINUTES FOR THE MAY 26 September 22,
2022 FINANCE COMMITTEE REGULAR MEETING. MOTION PASSED BY VERBAL ROLL CALL.
AYES: FITZSIMMONS, WALIA. NOES: NONE. ABSTAIN: NONE.
2. Other Post-Employment Benefits (OPEBs) Actuarial Valuation Project Overview
Recommended Action:
Receive report – No action required
Administrative Services Director Nick Pegueros introduced the Other Post-Employment
Benefits (OPEBs) Actuarial Valuation Project Overview and staff from the actuarial firm. Mary
Beth Redding from Foster and Foster provided an overview of the services they will be
providing.
3. Single Audit Update for the fiscal year ended June 30, 2022
Recommended Action:
Receive report – No action required
City Council Finance Committee Minutes – October 27, 2022
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Finance Manager Agnes Pabis explained the requirements for a single audit and shared data
showing that the City of Saratoga did not meet the $750,000 Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal awards. She also shared a
copy of the letter submitted to the State Controller’s Office confirming the City exemption from
the single audit for the fiscal year ending June 30, 2022.
ADJOURNMENT
FITZSIMMONS/WALIA MOVED TO ADJOURN THE MEETING AT 4:00 PM. MOTION PASSED BY
VERBAL ROLL CALL. AYES: FITZSIMMONS, WALIA. NOES: NONE.
Minutes respectfully submitted:
Gina Scott, Administrative Analyst
City of Saratoga