HomeMy WebLinkAbout2021-04-06 Finance Committee AgendasFinance Committee
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Tuesday, April 6, 2021
Special Meeting
6:00 PM
***BY VIRTUAL TELECONFERENCE ONLY***
Click to Join Zoom Meeting ID: 992-2730-7235 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.
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/Community Meeting 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. Public comment may be addressed to the full Finance Committee via email at City.Council@cityofpaloalto.org.
Call to Order
Oral Communications Members of the public may speak to any item NOT on the agenda.
Action Items
1.Approval of the Macias Gini & O’Connell’s Single Audit Report for the
Year Ended June 30, 2020
2.Staff Recommendation That the Finance Committee Recommend the
City Council Adopt a Resolution Approving the Fiscal Year (FY) 2022
Wastewater Collection Utility Financial Plan Including Transfers to and
From Wastewater Collection Utility Reserve Accounts and an
Amendment to the Wastewater Collection Utility Reserves ManagementPractices; and Adopt a Resolution Adjusting Wastewater Rates by
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)
Presentation
Presentation
2 April 6, 2021
MATERIALS RELATED TO AN ITEM ON THIS AGENDA SUBMITTED TO THE CITY COUNCIL AFTER DISTRIBUTION OF THE AGENDA
PACKET ARE AVAILABLE FOR PUBLIC INSPECTION ONLINE ON THE CITY CLERK’S WEBSITE.
3.Staff Recommendation That the Finance Committee Recommend the
City Council Adopt a Resolution Approving the Fiscal Year 2022 Water
Utility Financial Plan, With no Water Rate Increase for Fiscal Year 2022
4.Staff and the Utilities Advisory Commission Recommendation That the
Finance Committee Recommend the City Council Adopt a Resolution
Approving the Fiscal Year 2022 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)
5.Staff and the Utilities Advisory Commission Recommendation That the
Finance Committee Recommend the City Council Adopt a ResolutionApproving the Fiscal Year 2022 Electric Financial Plan and Reserve
Transfers, and Amending Utility Rate Schedules E-EEC-1 (Export
Electricity Compensation), E-NSE-1 (Net Surplus Electricity
Compensation), E-2-G (Residential Master-metered and Small Non-
residential Green Power Electric Service), E-4-G (Medium Non-residential Green Power Electric Service, and E-7-G (Large Non-
residential Electric 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.
Presentation
Presentation
Presentation
3 April 6, 2021
MATERIALS RELATED TO AN ITEM ON THIS AGENDA SUBMITTED TO THE CITY COUNCIL AFTER DISTRIBUTION OF THE AGENDA
PACKET ARE AVAILABLE FOR PUBLIC INSPECTION ONLINE ON THE CITY CLERK’S WEBSITE.
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 CLICK HERE TO JOIN
Meeting ID: 992-2730-7235 Phone No: 1 (669) 900-6833