HomeMy WebLinkAbout2017-04-04 Finance Committee Action Minutes FINANCE COMMITTEE
ACTION MINUTES
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Finance Committee Action Minutes April 4, 2017
Special Meeting
Tuesday, April 4, 2017
Chairperson Filseth called the meeting to order at 7:02 P.M. in the
Community Meeting Room, 250 Hamilton Avenue, Palo Alto, California.
Present: Filseth (Chair), Fine, Holman, Tanaka
Absent:
Oral Communications
None.
Action Items
1. Finance Committee Discussion and Recommendation That Council
Adopt (as Part of the Fiscal Year 2018 Annual Budget) a Resolution
Amending the Residential Refuse Rates for Fiscal Year 2018 to Cover
Program Costs and Keeping all Other Rates the Same.
MOTION: Council Member Fine moved, seconded by Council Member
Holman to recommend the City Council adopt (as part of the Fiscal Year
2018 Annual Budget) a Resolution amending Utility Rate Schedule R-1
(Residential Refuse Rates).
MOTION PASSED: 4-0
The Committee took a break from 8:04 P.M. to 8:06 P.M.
2. Utilities Advisory Commission Recommendation That the City Council
Adopt: (1) a Resolution Approving the Fiscal Year 2018 Water Utility
Financial Plan; and (2) a Resolution Increasing Water Rates by
Amending Rate Schedules W-1 (General Residential Water Service),
W-2 (Water Service From Fire Hydrants), W-4 (Residential Master-
Metered and General Non-Residential Water Service), and W-7 (Non-
Residential Irrigation Water Service) and Removing the Drought
Surcharge.
ACTION MINUTES
Page 2 of 2 Finance Committee Action Minutes April 4, 2017
MOTION: Council Member Tanaka moved, seconded by Council Member Fine to recommend the City Council:
1. Adopt a Resolution approving the Fiscal Year (FY) 2018 Water Utility
Financial Plan; and
2. Transfer $1.877 million from the Rate Stabilization Reserve to the
Operations Reserve; and
3. Adopt a Resolution increasing water rates by amending Rate Schedules
W-1 (General Residential Water Service), W-2 (Water Service from
Fire Hydrants), W-4 (Residential Master-Metered and General Non-
Residential Water Service), and W-7 (Non-Residential Irrigation Water
Service) and removing the drought surcharge with the following
change:
A. That the increase in water rates be 3 percent beginning July 1,
2017
MOTION PASSED: 4-0
MOTION: Council Member Tanaka moved, seconded by Council Member
Fine to authorize Staff the ability to notice the increase in water rates at an
amount up to 4 percent.
MOTION PASSED: 4-0
3. Utilities Advisory Commission Recommendation That the City Council
Adopt a Resolution Approving the Fiscal Year 2018 Wastewater
Collection Financial Plan.
MOTION: Chair Filseth moved, seconded by Council Member Holman to
recommend the City Council adopt a Resolution approving the Fiscal Year
(FY) 2018 Wastewater Collection Financial Plan.
MOTION PASSED: 4-0
Future Meetings and Agendas
The Committee discussed the upcoming budget process and meeting
schedule.
Adjournment: The meeting was adjourned at 10:05 P.M.