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Home My WebLink About2024-04-23 Finance Committee AgendaFINANCE COMMITTEE Special Meeting Tuesday, April 23, 2024 Community Meeting Room & Hybrid 5:30 PM Finance Committee meetings will be held as “hybrid” meetings with the option to attend by teleconference/video conference or in person. To maximize public safety while still maintaining transparency and public access, members of the public can choose to participate from home or attend in person. Information on how the public may observe and participate in the meeting is located at the end of the agenda. Masks are strongly encouraged if attending in person. The m e e t i n g w i l l b e b r o a d c a s t o n C a b l e T V C h a n n e l 2 6 , l i v e o n YouTube https://www.youtube.com/c/cityofpaloalto, and streamed to Midpen Media Center https://midpenmedia.org. VIRTUAL PARTICIPATION CLICK HERE TO JOIN (https://cityofpaloalto.zoom.us/j/99227307235) Meeting ID: 992 2730 7235 Phone: 1(669)900‐6833 PUBLIC COMMENTS Public comments will be accepted both in person and via Zoom for up to three minutes or an amount of time determined by the Chair. All requests to speak will be taken until 5 minutes after the staff’s presentation. Written public comments can be submitted in advance to city.council@CityofPaloAlto.org and will be provided to the Council and available for inspection on the City’s website. Please clearly indicate which agenda item you are referencing in your subject line. PowerPoints, videos, or other media to be presented during public comment are accepted only by email to city.clerk@CityofPaloAlto.org at least 24 hours prior to the meeting. Once received, the Clerk will have them shared at public comment for the specified item. To uphold strong cybersecurity management practices, USB’s or other physical electronic storage devices are not accepted. Signs and symbolic materials less than 2 feet by 3 feet are permitted provided that: (1) sticks, posts, poles or similar/other type of handle objects are strictly prohibited; (2) the items do not create a facility, fire, or safety hazard; and (3) persons with such items remain seated when displaying them and must not raise the items above shoulder level, obstruct the view or passage of other attendees, or otherwise disturb the business of the meeting. CALL TO ORDER PUBLIC COMMENT Members of the public may speak to any item NOT on the agenda. ACTION ITEMS 1.Adoption of a Resolution Amending Utility Rate Schedule D‐1 (Storm and Surface Water Drainage) Reflecting a 2.6% Consumer Price Index Rate Increase to $17.20 Per Month Per Equivalent Residential Unit for Fiscal Year 2025 2.Recommendation to the City Council to Adopt a Resolution: 1) Approving the FY 2025 Wastewater Collection Utility Financial Plan, Including Approval of a Short‐Term Loan from the Fiber Optics Fund Reserve to the Wastewater Collection Fund Operations Reserve for FY 2024 and 2) 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). 3.Finance Committee to Review and Recommend that City Council Adopt a Resolution Approving the Fiscal Year 2025 Water Utility Financial Plan, and Increase Water Rates by 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) as Recommended by the Utilities Advisory Commission 4.Finance Committee to Review and Recommend to the City Council to Adopt a Resolution Approving the Fiscal Year 2025 Gas Utility Financial Plan, Including the General Fund Transfer, and 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) as Recommended by the Utilities Advisory Commission 5.Finance Committee to Review and Recommend to the City Council to Adopt a Resolution: 1) Approving the Fiscal Year (FY) 2025 Electric Financial Plan and Accepting the 2024 City of Palo Alto Electric Cost of Service and Rate Study, and 2) Amending E‐1 (Residential Electric Service), E‐2 (Residential Master‐Metered and Small Non‐Residential Electric Service), E‐2‐G (Residential Master‐Metered and Small Non‐Residential Green Power Electric Service), E‐4 (Medium Non‐Residential Electric Service), E‐4‐G (Medium Non‐ Residential Green Power Electric Service), E‐4 TOU (Medium Non‐Residential Time of Use Electric Service), E‐7 (Large Non‐Residential Electric Service), E‐7‐G (Large Non‐ Residential Green Power Electric Service), E‐7 TOU (Large Non‐Residential Time of Use Electric Service), E‐NSE (Net Metering Net Surplus Electricity Compensation), and E‐EEC (Export Electricity Compensation) as Recommended by the Utilities Advisory Commission 6.Receive and Discuss the Palo Alto Transportation Management Association (PATMA) 2023 Annual Report, Strategic Plan, and Commute Survey FUTURE MEETINGS AND AGENDAS Members of the public may not speak to the item(s) ADJOURNMENT PUBLIC COMMENT INSTRUCTIONS Members of the Public may provide public comments to teleconference meetings via email, teleconference, or by phone. 1. Written public comments may be submitted by email to city.council@cityofpaloalto.org. 2. For in person public comments please complete a speaker request card located on the table at the entrance to the Council Chambers and deliver it to the Clerk prior to discussion of the item. 3. Spoken public comments using a computer or smart phone will be accepted through the teleconference meeting. To address the Council, click on the link below to access a Zoom‐based meeting. Please read the following instructions carefully. 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. Or download the Zoom application onto your smart phone from the Apple App Store or Google Play Store and enter in the Meeting ID below. 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. 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. When called, please limit your remarks to the time limit allotted. A timer will be shown on the computer to help keep track of your comments. 4. 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 Council. You will be advised how long you have to speak. When called please limit your remarks to the agenda item and time limit allotted. CLICK HERE TO JOIN Meeting ID: 992‐2730‐7235 Phone: 1‐669‐900‐6833 Americans with Disability Act (ADA) It is the policy of the City of Palo Alto to offer its public programs, services and meetings in a manner that is readily accessible to all. Persons with disabilities who require materials in an appropriate alternative format or who require auxiliary aids to access City meetings, programs, or services may contact the City’s ADA Coordinator at (650) 329‐2550 (voice) or by emailing ada@cityofpaloalto.org. Requests for assistance or accommodations must be submitted at least 24 hours in advance of the meeting, program, or service. 1 Special Meeting April 23, 2024 Materials related to an item on this agenda submitted to the Board after distribution of the agenda packet are available for public inspection at www.CityofPaloAlto.org. FINANCE COMMITTEESpecial MeetingTuesday, April 23, 2024Community Meeting Room & Hybrid5:30 PMFinance Committee meetings will be held as “hybrid” meetings with the option to attend byteleconference/video conference or in person. To maximize public safety while still maintainingtransparency and public access, members of the public can choose to participate from home orattend in person. Information on how the public may observe and participate in the meeting islocated at the end of the agenda. Masks are strongly encouraged if attending in person. Them e e t i n g w i l l b e b r o a d c a s t o n C a b l e T V C h a n n e l 2 6 , l i v e o nYouTube https://www.youtube.com/c/cityofpaloalto, and streamed to Midpen MediaCenter https://midpenmedia.org.VIRTUAL PARTICIPATION CLICK HERE TO JOIN (https://cityofpaloalto.zoom.us/j/99227307235)Meeting ID: 992 2730 7235 Phone: 1(669)900‐6833PUBLIC COMMENTSPublic comments will be accepted both in person and via Zoom for up to three minutes or anamount of time determined by the Chair. All requests to speak will be taken until 5 minutesafter the staff’s presentation. Written public comments can be submitted in advance tocity.council@CityofPaloAlto.org and will be provided to the Council and available for inspectionon the City’s website. Please clearly indicate which agenda item you are referencing in yoursubject line.PowerPoints, videos, or other media to be presented during public comment are accepted onlyby email to city.clerk@CityofPaloAlto.org at least 24 hours prior to the meeting. Once received,the Clerk will have them shared at public comment for the specified item. To uphold strongcybersecurity management practices, USB’s or other physical electronic storage devices are notaccepted. Signs and symbolic materials less than 2 feet by 3 feet are permitted provided that: (1) sticks, posts, poles or similar/other type of handle objects are strictly prohibited; (2) the items do not create a facility, fire, or safety hazard; and (3) persons with such items remain seated when displaying them and must not raise the items above shoulder level, obstruct the view or passage of other attendees, or otherwise disturb the business of the meeting. CALL TO ORDER PUBLIC COMMENT Members of the public may speak to any item NOT on the agenda. ACTION ITEMS 1.Adoption of a Resolution Amending Utility Rate Schedule D‐1 (Storm and Surface Water Drainage) Reflecting a 2.6% Consumer Price Index Rate Increase to $17.20 Per Month Per Equivalent Residential Unit for Fiscal Year 2025 2.Recommendation to the City Council to Adopt a Resolution: 1) Approving the FY 2025 Wastewater Collection Utility Financial Plan, Including Approval of a Short‐Term Loan from the Fiber Optics Fund Reserve to the Wastewater Collection Fund Operations Reserve for FY 2024 and 2) 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). 3.Finance Committee to Review and Recommend that City Council Adopt a Resolution Approving the Fiscal Year 2025 Water Utility Financial Plan, and Increase Water Rates by 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) as Recommended by the Utilities Advisory Commission 4.Finance Committee to Review and Recommend to the City Council to Adopt a Resolution Approving the Fiscal Year 2025 Gas Utility Financial Plan, Including the General Fund Transfer, and 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) as Recommended by the Utilities Advisory Commission 5.Finance Committee to Review and Recommend to the City Council to Adopt a Resolution: 1) Approving the Fiscal Year (FY) 2025 Electric Financial Plan and Accepting the 2024 City of Palo Alto Electric Cost of Service and Rate Study, and 2) Amending E‐1 (Residential Electric Service), E‐2 (Residential Master‐Metered and Small Non‐Residential Electric Service), E‐2‐G (Residential Master‐Metered and Small Non‐Residential Green Power Electric Service), E‐4 (Medium Non‐Residential Electric Service), E‐4‐G (Medium Non‐ Residential Green Power Electric Service), E‐4 TOU (Medium Non‐Residential Time of Use Electric Service), E‐7 (Large Non‐Residential Electric Service), E‐7‐G (Large Non‐ Residential Green Power Electric Service), E‐7 TOU (Large Non‐Residential Time of Use Electric Service), E‐NSE (Net Metering Net Surplus Electricity Compensation), and E‐EEC (Export Electricity Compensation) as Recommended by the Utilities Advisory Commission 6.Receive and Discuss the Palo Alto Transportation Management Association (PATMA) 2023 Annual Report, Strategic Plan, and Commute Survey FUTURE MEETINGS AND AGENDAS Members of the public may not speak to the item(s) ADJOURNMENT PUBLIC COMMENT INSTRUCTIONS Members of the Public may provide public comments to teleconference meetings via email, teleconference, or by phone. 1. Written public comments may be submitted by email to city.council@cityofpaloalto.org. 2. For in person public comments please complete a speaker request card located on the table at the entrance to the Council Chambers and deliver it to the Clerk prior to discussion of the item. 3. Spoken public comments using a computer or smart phone will be accepted through the teleconference meeting. To address the Council, click on the link below to access a Zoom‐based meeting. Please read the following instructions carefully. 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. Or download the Zoom application onto your smart phone from the Apple App Store or Google Play Store and enter in the Meeting ID below. 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. 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. When called, please limit your remarks to the time limit allotted. A timer will be shown on the computer to help keep track of your comments. 4. 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 Council. You will be advised how long you have to speak. When called please limit your remarks to the agenda item and time limit allotted. CLICK HERE TO JOIN Meeting ID: 992‐2730‐7235 Phone: 1‐669‐900‐6833 Americans with Disability Act (ADA) It is the policy of the City of Palo Alto to offer its public programs, services and meetings in a manner that is readily accessible to all. Persons with disabilities who require materials in an appropriate alternative format or who require auxiliary aids to access City meetings, programs, or services may contact the City’s ADA Coordinator at (650) 329‐2550 (voice) or by emailing ada@cityofpaloalto.org. Requests for assistance or accommodations must be submitted at least 24 hours in advance of the meeting, program, or service. 2 Special Meeting April 23, 2024 Materials related to an item on this agenda submitted to the Board after distribution of the agenda packet are available for public inspection at www.CityofPaloAlto.org. FINANCE COMMITTEESpecial MeetingTuesday, April 23, 2024Community Meeting Room & Hybrid5:30 PMFinance Committee meetings will be held as “hybrid” meetings with the option to attend byteleconference/video conference or in person. To maximize public safety while still maintainingtransparency and public access, members of the public can choose to participate from home orattend in person. Information on how the public may observe and participate in the meeting islocated at the end of the agenda. Masks are strongly encouraged if attending in person. Them e e t i n g w i l l b e b r o a d c a s t o n C a b l e T V C h a n n e l 2 6 , l i v e o nYouTube https://www.youtube.com/c/cityofpaloalto, and streamed to Midpen MediaCenter https://midpenmedia.org.VIRTUAL PARTICIPATION CLICK HERE TO JOIN (https://cityofpaloalto.zoom.us/j/99227307235)Meeting ID: 992 2730 7235 Phone: 1(669)900‐6833PUBLIC COMMENTSPublic comments will be accepted both in person and via Zoom for up to three minutes or anamount of time determined by the Chair. All requests to speak will be taken until 5 minutesafter the staff’s presentation. Written public comments can be submitted in advance tocity.council@CityofPaloAlto.org and will be provided to the Council and available for inspectionon the City’s website. Please clearly indicate which agenda item you are referencing in yoursubject line.PowerPoints, videos, or other media to be presented during public comment are accepted onlyby email to city.clerk@CityofPaloAlto.org at least 24 hours prior to the meeting. Once received,the Clerk will have them shared at public comment for the specified item. To uphold strongcybersecurity management practices, USB’s or other physical electronic storage devices are notaccepted.Signs and symbolic materials less than 2 feet by 3 feet are permitted provided that: (1) sticks,posts, poles or similar/other type of handle objects are strictly prohibited; (2) the items do notcreate a facility, fire, or safety hazard; and (3) persons with such items remain seated whendisplaying them and must not raise the items above shoulder level, obstruct the view orpassage of other attendees, or otherwise disturb the business of the meeting.CALL TO ORDERPUBLIC COMMENT Members of the public may speak to any item NOT on the agenda.ACTION ITEMS1.Adoption of a Resolution Amending Utility Rate Schedule D‐1 (Storm and Surface WaterDrainage) Reflecting a 2.6% Consumer Price Index Rate Increase to $17.20 Per Month PerEquivalent Residential Unit for Fiscal Year 20252.Recommendation to the City Council to Adopt a Resolution: 1) Approving the FY 2025Wastewater Collection Utility Financial Plan, Including Approval of a Short‐Term Loanfrom the Fiber Optics Fund Reserve to the Wastewater Collection Fund OperationsReserve for FY 2024 and 2) Amending Rate Schedules S‐1 (Residential WastewaterCollection and Disposal), S‐2 (Commercial Wastewater Collection and Disposal), S‐6(Restaurant Wastewater Collection and Disposal) and S‐7 (Commercial WastewaterCollection and Disposal – Industrial Discharger).3.Finance Committee to Review and Recommend that City Council Adopt a ResolutionApproving the Fiscal Year 2025 Water Utility Financial Plan, and Increase Water Rates byAmending Rate Schedules W‐1 (General Residential Water Service), W‐2 (Water ServiceFrom Fire Hydrants), W‐3 (Fire Service Connections), W‐4 (Residential Master‐Meteredand General Non‐Residential Water Service), and W‐7 (Non‐Residential Irrigation WaterService) as Recommended by the Utilities Advisory Commission4.Finance Committee to Review and Recommend to the City Council to Adopt a ResolutionApproving the Fiscal Year 2025 Gas Utility Financial Plan, Including the General FundTransfer, and Amending Rate Schedules G‐1 (Residential Gas Service), G‐2 (ResidentialMaster‐Metered and Commercial Gas Service), G‐3 (Large Commercial Gas Service), andG‐10 (Compressed Natural Gas Service) as Recommended by the Utilities AdvisoryCommission5.Finance Committee to Review and Recommend to the City Council to Adopt a Resolution:1) Approving the Fiscal Year (FY) 2025 Electric Financial Plan and Accepting the 2024 Cityof Palo Alto Electric Cost of Service and Rate Study, and 2) Amending E‐1 (ResidentialElectric Service), E‐2 (Residential Master‐Metered and Small Non‐Residential ElectricService), E‐2‐G (Residential Master‐Metered and Small Non‐Residential Green PowerElectric Service), E‐4 (Medium Non‐Residential Electric Service), E‐4‐G (Medium Non‐Residential Green Power Electric Service), E‐4 TOU (Medium Non‐Residential Time of Use Electric Service), E‐7 (Large Non‐Residential Electric Service), E‐7‐G (Large Non‐ Residential Green Power Electric Service), E‐7 TOU (Large Non‐Residential Time of Use Electric Service), E‐NSE (Net Metering Net Surplus Electricity Compensation), and E‐EEC (Export Electricity Compensation) as Recommended by the Utilities Advisory Commission 6.Receive and Discuss the Palo Alto Transportation Management Association (PATMA) 2023 Annual Report, Strategic Plan, and Commute Survey FUTURE MEETINGS AND AGENDAS Members of the public may not speak to the item(s) ADJOURNMENT PUBLIC COMMENT INSTRUCTIONS Members of the Public may provide public comments to teleconference meetings via email, teleconference, or by phone. 1. Written public comments may be submitted by email to city.council@cityofpaloalto.org. 2. For in person public comments please complete a speaker request card located on the table at the entrance to the Council Chambers and deliver it to the Clerk prior to discussion of the item. 3. Spoken public comments using a computer or smart phone will be accepted through the teleconference meeting. To address the Council, click on the link below to access a Zoom‐based meeting. Please read the following instructions carefully. 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. Or download the Zoom application onto your smart phone from the Apple App Store or Google Play Store and enter in the Meeting ID below. 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. 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. When called, please limit your remarks to the time limit allotted. A timer will be shown on the computer to help keep track of your comments. 4. 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 Council. You will be advised how long you have to speak. When called please limit your remarks to the agenda item and time limit allotted. CLICK HERE TO JOIN Meeting ID: 992‐2730‐7235 Phone: 1‐669‐900‐6833 Americans with Disability Act (ADA) It is the policy of the City of Palo Alto to offer its public programs, services and meetings in a manner that is readily accessible to all. Persons with disabilities who require materials in an appropriate alternative format or who require auxiliary aids to access City meetings, programs, or services may contact the City’s ADA Coordinator at (650) 329‐2550 (voice) or by emailing ada@cityofpaloalto.org. Requests for assistance or accommodations must be submitted at least 24 hours in advance of the meeting, program, or service. 3 Special Meeting April 23, 2024 Materials related to an item on this agenda submitted to the Board after distribution of the agenda packet are available for public inspection at www.CityofPaloAlto.org. FINANCE COMMITTEESpecial MeetingTuesday, April 23, 2024Community Meeting Room & Hybrid5:30 PMFinance Committee meetings will be held as “hybrid” meetings with the option to attend byteleconference/video conference or in person. To maximize public safety while still maintainingtransparency and public access, members of the public can choose to participate from home orattend in person. Information on how the public may observe and participate in the meeting islocated at the end of the agenda. Masks are strongly encouraged if attending in person. Them e e t i n g w i l l b e b r o a d c a s t o n C a b l e T V C h a n n e l 2 6 , l i v e o nYouTube https://www.youtube.com/c/cityofpaloalto, and streamed to Midpen MediaCenter https://midpenmedia.org.VIRTUAL PARTICIPATION CLICK HERE TO JOIN (https://cityofpaloalto.zoom.us/j/99227307235)Meeting ID: 992 2730 7235 Phone: 1(669)900‐6833PUBLIC COMMENTSPublic comments will be accepted both in person and via Zoom for up to three minutes or anamount of time determined by the Chair. All requests to speak will be taken until 5 minutesafter the staff’s presentation. Written public comments can be submitted in advance tocity.council@CityofPaloAlto.org and will be provided to the Council and available for inspectionon the City’s website. Please clearly indicate which agenda item you are referencing in yoursubject line.PowerPoints, videos, or other media to be presented during public comment are accepted onlyby email to city.clerk@CityofPaloAlto.org at least 24 hours prior to the meeting. Once received,the Clerk will have them shared at public comment for the specified item. To uphold strongcybersecurity management practices, USB’s or other physical electronic storage devices are notaccepted.Signs and symbolic materials less than 2 feet by 3 feet are permitted provided that: (1) sticks,posts, poles or similar/other type of handle objects are strictly prohibited; (2) the items do notcreate a facility, fire, or safety hazard; and (3) persons with such items remain seated whendisplaying them and must not raise the items above shoulder level, obstruct the view orpassage of other attendees, or otherwise disturb the business of the meeting.CALL TO ORDERPUBLIC COMMENT Members of the public may speak to any item NOT on the agenda.ACTION ITEMS1.Adoption of a Resolution Amending Utility Rate Schedule D‐1 (Storm and Surface WaterDrainage) Reflecting a 2.6% Consumer Price Index Rate Increase to $17.20 Per Month PerEquivalent Residential Unit for Fiscal Year 20252.Recommendation to the City Council to Adopt a Resolution: 1) Approving the FY 2025Wastewater Collection Utility Financial Plan, Including Approval of a Short‐Term Loanfrom the Fiber Optics Fund Reserve to the Wastewater Collection Fund OperationsReserve for FY 2024 and 2) Amending Rate Schedules S‐1 (Residential WastewaterCollection and Disposal), S‐2 (Commercial Wastewater Collection and Disposal), S‐6(Restaurant Wastewater Collection and Disposal) and S‐7 (Commercial WastewaterCollection and Disposal – Industrial Discharger).3.Finance Committee to Review and Recommend that City Council Adopt a ResolutionApproving the Fiscal Year 2025 Water Utility Financial Plan, and Increase Water Rates byAmending Rate Schedules W‐1 (General Residential Water Service), W‐2 (Water ServiceFrom Fire Hydrants), W‐3 (Fire Service Connections), W‐4 (Residential Master‐Meteredand General Non‐Residential Water Service), and W‐7 (Non‐Residential Irrigation WaterService) as Recommended by the Utilities Advisory Commission4.Finance Committee to Review and Recommend to the City Council to Adopt a ResolutionApproving the Fiscal Year 2025 Gas Utility Financial Plan, Including the General FundTransfer, and Amending Rate Schedules G‐1 (Residential Gas Service), G‐2 (ResidentialMaster‐Metered and Commercial Gas Service), G‐3 (Large Commercial Gas Service), andG‐10 (Compressed Natural Gas Service) as Recommended by the Utilities AdvisoryCommission5.Finance Committee to Review and Recommend to the City Council to Adopt a Resolution:1) Approving the Fiscal Year (FY) 2025 Electric Financial Plan and Accepting the 2024 Cityof Palo Alto Electric Cost of Service and Rate Study, and 2) Amending E‐1 (ResidentialElectric Service), E‐2 (Residential Master‐Metered and Small Non‐Residential ElectricService), E‐2‐G (Residential Master‐Metered and Small Non‐Residential Green PowerElectric Service), E‐4 (Medium Non‐Residential Electric Service), E‐4‐G (Medium Non‐Residential Green Power Electric Service), E‐4 TOU (Medium Non‐Residential Time ofUse Electric Service), E‐7 (Large Non‐Residential Electric Service), E‐7‐G (Large Non‐Residential Green Power Electric Service), E‐7 TOU (Large Non‐Residential Time of UseElectric Service), E‐NSE (Net Metering Net Surplus Electricity Compensation), and E‐EEC(Export Electricity Compensation) as Recommended by the Utilities Advisory Commission6.Receive and Discuss the Palo Alto Transportation Management Association (PATMA)2023 Annual Report, Strategic Plan, and Commute SurveyFUTURE MEETINGS AND AGENDAS Members of the public may not speak to the item(s) ADJOURNMENT PUBLIC COMMENT INSTRUCTIONS Members of the Public may provide public comments to teleconference meetings via email, teleconference, or by phone. 1. Written public comments may be submitted by email to city.council@cityofpaloalto.org. 2. For in person public comments please complete a speaker request card located on the table at the entrance to the Council Chambers and deliver it to the Clerk prior to discussion of the item. 3. Spoken public comments using a computer or smart phone will be accepted through the teleconference meeting. To address the Council, click on the link below to access a Zoom‐based meeting. Please read the following instructions carefully. 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. Or download the Zoom application onto your smart phone from the Apple App Store or Google Play Store and enter in the Meeting ID below. 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. 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. When called, please limit your remarks to the time limit allotted. A timer will be shown on the computer to help keep track of your comments. 4. 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 Council. You will be advised how long you have to speak. When called please limit your remarks to the agenda item and time limit allotted. CLICK HERE TO JOIN Meeting ID: 992‐2730‐7235 Phone: 1‐669‐900‐6833 Americans with Disability Act (ADA) It is the policy of the City of Palo Alto to offer its public programs, services and meetings in a manner that is readily accessible to all. Persons with disabilities who require materials in an appropriate alternative format or who require auxiliary aids to access City meetings, programs, or services may contact the City’s ADA Coordinator at (650) 329‐2550 (voice) or by emailing ada@cityofpaloalto.org. Requests for assistance or accommodations must be submitted at least 24 hours in advance of the meeting, program, or service. 4 Special Meeting April 23, 2024 Materials related to an item on this agenda submitted to the Board after distribution of the agenda packet are available for public inspection at www.CityofPaloAlto.org.