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Home My WebLink About2016-05-17 Finance Committee AgendasFinance Committee 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. May 17, 2016 Special Meeting Council Chambers 6:00 PM Agenda posted according to PAMC Section 2.04.070. Supporting materials are available in the Council Chambers on the Thursday 10 days 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 Members of the public may speak to any item NOT on the agenda. Action Items 6:00-6:15 PM 1.Staff Responses to Committee Questions From Budget Hearing Meetings 6:15-7:15 PM 3.Utilities Overview, Operating Budget pp. 403-410 a)Electric Fund i.Operating Budget pp. 411-424 ii.Capital Budget pp. 343-434 b)Fiber Optics Fund i.Operating Budget pp. 425-431 ii.Capital Budget pp. 435-454 c)Gas Fund i.Operating Budget pp. 432-443 ii.Capital Budget pp. 445-490 d)Wastewater Collection Fund i.Operating Budget pp. 444-453 ii.Capital Budget pp. 519-550 REVISED Capital Budget Book Operating Budget Book 2 May 17, 2016 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. e) Water Fund i. Operating Budget pp. 454-466 ii. Capital Budget pp. 581-626 7:15-8:15 PM 2. General Fund Capital a) Buildings and Facilities, Capital Budget pp. 95-176 b) Parks and Open Space, Capital Budget pp. 177-242 c) Streets and Sidewalks, Capital Budget pp. 243-262 d) Traffic and Transportation, Capital Budget pp. 263-300 e) Cubberley Infrastructure, Capital Budget pp. 305-324 8:15-9:00 PM 4. Utilities Advisory Commission Recommendation That the Finance Committee Recommend the City Council Adopt: 1) Resolution Approving the Fiscal Year 2017 Electric Financial Plan and Amending the Electric Utility Reserves Management Practices, and 2) Resolution Increasing Electric Rates by 11 Percent Effective July 1, 2016 by Amending the E-1, E-2, E-2-G, E-4, E-4-G, E-4 TOU, E-7, E-7-G, E-7 TOU, E-14, and E-16 Rate Schedules, and Repealing Rate Schedules E- 18 and E-18-G 9:00-9:30 PM 5. Utilities Advisory Commission Recommendation That the Finance Committee Recommend the City Council Adopt: (1) Resolution Approving the Fiscal Year 2017 Gas Utility Financial Plan; and (2) Resolution Increasing Gas Rates by Amending Rate Schedules G-1 (Residential Gas Service), G-1-G (Residential Green Gas Service), G-2 (Residential Master-Metered and Commercial Gas Service), G-2-G (Residential Master-Metered and Commercial Green Gas Service), G-3 (Large Commercial Gas Service), G-3-G (Large Commercial Green Gas Service), G-10 (Compressed Natural Gas Service) and G-10-G (Compressed Natural Green Gas Service) 9:30-10:00 PM 6. Utilities Advisory Commission Recommendation That the Finance Committee Recommend the City Council Adopt a Resolution Adopting a Net Energy Metering Successor Rate E-EEC-1 (Export Electricity Compensation), Establishing the Net Energy Metering Transition Policy, and Amending Rule and Regulation 2 (Definitions and Abbreviations) and 29 (Net Energy Metering and Interconnection) 3 May 17, 2016 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. 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. Finance Committee Items Tentatively Scheduled Meeting Date Line No. Item Title Referral Date Please see Budget Hearing Calendar for May 6/7/2016 1 Commercial and Residential Impact Fee Nexus Studies and Review Ordinance to Adopt Housing Impact Fees (Planning) 2 Ordinance Updating the Purchasing Section of the Municipal Code (PAMC Chapter 2.30) to Streamline the Purchasing Process and Update Language (ASD) 6/21/2016 3 3rd Quarter FY2016 Financial Report (ASD) Finance Committee Items to be Scheduled Referral Date Line No. Item Title Status 2013 4 Police Services Utilization and Resources Study (Police) To be scheduled in 2016 5 Consideration of stronger encroachment fees for construction that impact portions or all of a city street or sidewalk (Public Works) 6 Cubberley Center Master Plan: Additional Information and a Timeline for the Site (requested by the FC) (City Manager)