HomeMy WebLinkAbout2015-04-07 Finance Committee Agendas Finance Committee
Tuesday, April 7, 2015
Special Meeting
Council Chambers
5:30 PM
Agenda posted according to PAMC Section 2.04.070. Supporting materials are available in
the Council Chambers on the Thursday preceding the meeting.
PUBLIC COMMENT
Members of the public may speak to agendized items. If you wish to address the Committee on any issue that is on this agenda, please complete a speaker request card located on the table at the entrance to the Council Chambers/Council Conference Room, and deliver it to the Clerk prior to
discussion of the item. You are not required to give your name on the speaker card in order to speak
to the Committee, but it is very helpful.
Call to Order
Oral Communications
Action Items
1. Utilities Advisory Committee Recommendation that the City Council Adopt: (1) a
Resolution Approving the Fiscal Year 2016 Water Utility Financial Plan and
Amending the Water Utility Reserve Management Practices; and (2) a Resolution
Amending Rate Schedules W-1 (General Residential Water Service), W-2 (Water
Service from Fire Hydrants), W-3 (Fire Service Connections), W-4 (Residential
Master-Metered and General Non-Residential Water Service), and W-7 (Non-
Residential Irrigation Water Service) to Increase Average Water Rates by 12
Percent
2. Utilities Advisory Committee Recommendation that the City Council Adopt: 1) a
Resolution Approving the Fiscal Year 2016 Wastewater Collection Financial Plan
and Amending the Wastewater Collection Utility Reserve Management Practices,
and (2) a Resolution Amending Rate Schedules S-1 (Residential Wastewater
Collection and Disposal), S-2 (Commercial Wastewater Collection and Disposal),
S-6 (Restaurant Wastewater Collection and Disposal) and S-7 (Commercial
Wastewater Collection and Disposal – Industrial Discharger) to Increase Average
Wastewater Collection Rates by 9 Percent
3. Council Adoption of a Resolution Amending the R-1 Residential Refuse Rates for
Fiscal Year 2016 to Cover a New Food Scrap Collection Program and Other
Program Costs, and to Incorporate Structural Changes
1
MATERIALS RELATED TO AN ITEM ON THIS AGENDA SUBMITTED TO THE CITY COUNCIL AFTER DISTRIBUTION OF THE AGENDA
PACKET ARE AVAILABLE FOR PUBLIC INSPECTION IN THE CITY CLERK’S OFFICE AT PALO ALTO CITY HALL, 250 HAMILTON AVE.
DURING NORMAL BUSINESS HOURS.
4. Adoption of a Resolution Amending Utility Rate Schedule D-1 (Storm and Surface
Water Drainage) Reflecting a 2.7 Percent Consumer Price Index Rate Increase to
$12.63 Per Month Per Equivalent Residential Unit for Fiscal Year 2016
Future Meetings and Agendas
Adjournment
AMERICANS WITH DISABILITY ACT (ADA)
Persons with disabilities who require auxiliary aids or services in using City facilities, services or
programs or who would like information on the City’s compliance with the Americans with Disabilities
Act (ADA) of 1990, may contact (650) 329-2550 (Voice) 24 hours in advance.
Status of Items Requested by the Finance Committee
Referral
Date Item Title Status
2011 Debt Service Policy Update (ASD) In Process Staff to return with an updated policy
2013 Police Services Utilization and Resources Study (PD) Pending
2014
Utilities Department Organizational Assessment (ASD/UTL)
Pending Return with an update on the status of organizational
assessment recommendations
Finance Committee Items Tentatively Scheduled
Meeting
Date Item Title
4/21/2015
HSRAP (CSD)
Animal Shelter Follow-up (CM/Aud)
Gas Financial Plans (Utilities)
Electric Financial Plans (Utilities)
FY 2016-2025 General Fund Long Range Financial Forecast and FY 2014 CAFR Review
(ASD)
Please see Budget Hearing schedule
6/2/2015 Electric Special Project Reserve (Utilities)
9/1/2015 Strategies to Reduce the City's Long-term Pension and Retiree Heathcare Plans
Unfunded Liabilities (ASD)
GASB 68 (ASD)
2 April 7, 2015
MATERIALS RELATED TO AN ITEM ON THIS AGENDA SUBMITTED TO THE CITY COUNCIL AFTER DISTRIBUTION OF THE AGENDA
PACKET ARE AVAILABLE FOR PUBLIC INSPECTION IN THE CITY CLERK’S OFFICE AT PALO ALTO CITY HALL, 250 HAMILTON AVE.
DURING NORMAL BUSINESS HOURS.