HomeMy WebLinkAbout2021-11-30 Finance Committee Action MinutesFINANCE COMMITTEE
ACTION MINUTES
Page 1 of 2
Special Meeting November 30, 2021
The Finance Committee of the City of Palo Alto met on this date in virtual
teleconference at 6:00 P.M.
Present: Burt, Cormack, Filseth
Absent:
Agenda Items
1. Discussion and Recommendation to the City Council Accept the Macias
Gini & O’Connell’s (MGO) Audit of the City of Palo Alto’s Financial
Statements as of June 30, 2021.
MOTION: Council Member Cormack moved, seconded by Council Member
Filseth to recommend the City Council approve the City of Palo Alto's audited
financial statements for the fiscal year ending June 30, 2021, and the
accompanying reports provided by Macias, Gini & O'Connell LLP.
MOTION PASSED: 3-0
2. Recommendation to the City Council to Approve the Fiscal Year (FY) 2021
Annual Comprehensive Financial Report (ACFR) and FY 2021 Budget
Amendments in Various Funds.
MOTION: Council Member Filseth moved, seconded by Council Member
Cormack to forward to the City Council for its approval:
A. The City’s FY 2021 Annual Comprehensive Financial Report (ACFR)
(Attachment C); and
B. Amended the Fiscal Year (FY) 2021 Budget Appropriation Ordinance for
various funds as identified in the attached Recommended Amendments
to the City Manager’s FY 2021 Budget (Operating Budget: Attachment
B – Exhibit 1; Capital Budget: Attachment B –Exhibit 2).
MOTION PASSED: 3-0
ACTION MINUTES
Page 2 of 2
Sp. Finance Committee Meeting
Action Minutes: 11/30/2021
3. FY 2022 Finance Committee Referrals Update.
NO ACTION TAKEN
Adjournment: The meeting was adjourned at 7:02 P.M.