HomeMy WebLinkAbout2017-09-19 Finance Committee Action MinutesFINANCE COMMITTEE
ACTION MINUTES
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Regular Meeting
September 19, 2017
Chairperson Filseth called the meeting to order at 7:03 P.M. in the
Community Meeting Room, 250 Hamilton Avenue, Palo Alto, California.
Present: Filseth (Chair), Fine, Holman, Tanaka
Absent:
Oral Communications
None.
Agenda Items
1. Utilities Advisory Commission Recommendation That the City Council
Approve Policy Objectives for the 2017 Wastewater Collection Utility
Cost of Service Analysis.
MOTION: Chair Filseth moved, seconded by Council Member Holman to
recommend the City Council approve the Policy Objectives for the 2017
Wastewater Collection Utility Cost of Service Analysis.
MOTION PASSED: 4-0
2. Discuss and Recommend the City Council Adopt an Ordinance Amending the Fiscal Year 2018 Municipal Fee Schedule to Reflect
Development Services Cost of Services Study and a Reserve Fund
Policy.
MOTION: Council Member Fine moved, seconded by Council Member
Holman to recommend the City Council:
A. Adopt an Ordinance to adopt a reserve policy for the Development
Services Department; and
ACTION MINUTES
Page 2 of 2 Regular Finance Committee Meeting Action Minutes 9/19/2017
B. Amend the Fiscal Year 2018 Municipal Fee Schedule to adjust the
Development Services Municipal Fees, based on the completion of
Phase Two of a Cost of Services Study.
AMENDMENT: Chair Filseth moved, seconded by Council Member Tanaka
to remove Part A of the Motion.
AMENDMENT FAILED: 2-2 Filseth, Tanaka yes
MOTION PASSED: 4-0
3. Review and Discuss CalPERS Pension Annual Valuation Reports as of
June 30, 2016 Including Assumptions, Financial Disclosures and Next
Steps.
NO ACTION TAKEN.
Future Meetings and Agendas
The Committee discussed upcoming Agenda Items and meeting schedule.
ADJOURNMENT: Meeting adjourned at 10:28 P.M.