HomeMy WebLinkAbout2020-05-05 Finance Committee AgendasFinance Committee
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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.
Tuesday, May 5, 2020
Regular Meeting
7:00 PM
****BY VIRTUAL TELECONFERENCE ONLY***
https://zoom.us/join Meeting ID: 479-101-323 Phone: 1(669)900-6833
Pursuant to the provisions of California Governor’s Executive Order N-29-20,
issued on March 17, 2020, to prevent the spread of Covid-19, this meeting
will be held by virtual teleconference only, with no physical location. The
meeting will be broadcast on Midpen Media Center at
https://midpenmedia.org. Members of the public who wish to participate by
computer or phone can find the instructions at the end of this agenda.
Call to Order
Oral Communications
Members of the public may speak to any item NOT on the agenda.
Action Items
1.Discussion of June 30, 2019 Actuarial Valuation of Palo Alto's Retiree
Healthcare Plan and Annual Actuarially Determined Contributions
(ADC) for Fiscal Years 2021 and 2022
2.Discussion of Proposed Fiscal Year 2020-21 Community Development
Block Grant (CDBG) Funding Allocation; Draft 2020-25 Consolidated
Plan; and Draft 2020-21 Annual Action Plan
3.Staff and the Utilities Advisory Commission Request the Finance
Committee Recommend the City Council Adopt a Resolution Approving
the Fiscal Year 2021 Electric Financial Plan and Reserve Transfers,
Amending the Electric Utility Reserve Management Practices, and
Increasing Electric Rates by two Percent Overall 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, E-NSE
and E-EEC Rate Schedules
4.Staff and the Utilities Advisory Commission Recommend the Finance
Committee Recommend the City Council Adopt a Resolution Approving
MEMO
MEMO
Presentation
Presentation
Presentation
Presentation
Email
2 May 5, 2020
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.
the Fiscal Year 2021 Gas Utility Financial Plan, Including Proposed
Transfers and an Amendment to the Gas Utility Reserve Management
Practices, and Increasing Gas Rates by Amending Rate Schedules G-1
(Residential Gas Service), G-2 (Residential Master-metered and
Commercial Gas Service), G-3 (Large Commercial Gas Service), and
G-10 (Compressed Natural Gas Service)
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.
3 May 5, 2020
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.
Public Comment Instructions
Members of the Public may provide public comments to virtual meetings via
teleconference or by phone.
1. Spoken public comments using a computer will be accepted
through the teleconference meeting. To address the Committee, click
on the link below to access a Zoom-based meeting. Please read the
following instructions carefully.
A. You may download the Zoom client or connect to the meeting in-
browser. If using your browser, make sure you are using a
current, up-to-date browser: Chrome 30+, Firefox 27+,
Microsoft Edge 12+, Safari 7+. Certain functionality may be
disabled in older browsers including Internet Explorer.
B. You may be asked to enter an email address and name. We
request that you identify yourself by name as this will be visible
online and will be used to notify you that it is your turn to speak.
C. When you wish to speak on an Agenda Item, click on “raise
hand.” The Clerk will activate and unmute speakers in turn.
Speakers will be notified shortly before they are called to speak.
D. When called, please limit your remarks to the time limit allotted.
E. A timer will be shown on the computer to help keep track of your
comments.
2. Spoken public comments using a smart phone will be accepted
through the teleconference meeting. To address the Committee,
download the Zoom application onto your phone from the Apple App
Store or Google Play Store and enter the Meeting ID below. Please
follow the instructions B-E above.
3. Spoken public comments using a phone use the telephone number
listed below. When you wish to speak on an agenda item hit *9 on
your phone so we know that you wish to speak. You will be asked to
provide your first and last name before addressing the Committee. You
will be advised how long you have to speak. When called please limit
your remarks to the agenda item and time limit allotted.
https://zoom.us/join
Meeting ID: 479-101-323 Phone No: 1 (669) 900-6833