HomeMy WebLinkAbout2019-11-19 Finance Committee Action MinutesFINANCE COMMITTEE
ACTION MINUTES
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Special Meeting
November 19, 2019
The Policy and Services Committee of the City of Palo Alto met on this date in
the Community Meeting Room at 6:00 P.M.
Present: Cormack, DuBois, Filseth
Absent: Fine
Agenda Items
1. Discussion and Recommendation to the City Council to Accept Macias
Gini & O’Connell’s Audit of the City of Palo Alto’s Financial Statements
as of June 30, 2019 and Management Letter.
MOTION: Mayor Filseth moved, seconded by Council Member Cormack to
forward the financial statements for the Fiscal Year ending June 30, 2019 and
the Macias Gini & O’Connell LLP to the City Council for approval.
MOTION PASSED: 3-0
2. Recommendation to Approve the Fiscal Year (FY) 2019 Comprehensive
Annual Financial Report (CAFR) and Approve FY 2019 Budget
Amendments in Various Funds.
MOTION: Chair DuBois moved, seconded by Council Member Cormack to
recommend the City Council approve the following:
1. Amend the Fiscal Year (FY) 2019 Budget Appropriation Ordinance for
various funds as identified in the Recommended Amendments to the
City Manager’s FY 2019 Budget (Operating Budget: Attachment B –
Exhibit 1; Capital Budget: Attachment B – Exhibit 2); and
2. The Fiscal Year (FY) 2019 Comprehensive Annual Financial Report
(CAFR).
MOTION PASSED: 3-0
Adjournment: The meeting was adjourned at 7:32 P.M.