HomeMy WebLinkAbout2023-05-30 Finance Committee Action MinutesFINANCE COMMITTEE
ACTION MINUTES
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Special Meeting
May 30, 2023
The Finance Committee of the City of Palo Alto met on this date in the Community Meeting Room
and by virtual teleconference at 5:00 PM.
Present In Person: Burt, Lythcott-Haims, Stone
Present Remotely: None
Absent: None
Action Items
1. Discussion on the Fiscal Year (FY) 2024 Budget Wrap Up and Recommend FY 2024 Budget
including the FY 2024 Municipal Fee Schedule for City Council Adoption
MOTION: Council Member Burt moved, seconded by Council Member Lythcott-Haims to
recommend the City Council:
1. Adopt the FY 2024 Operating and Capital Budgets and Municipal Fee Schedule, amended
by:
a. Finance Committee tentative recommendations (slide 4) as adjusted for staff
recommendations (slide 5)
b. Swap CSD alt. proposal for the Art Center Visitor Center & Installation staffing
recommended at the May 22 meeting
c. Add resources for UNAFF $25,000 (one-time)
d. Defer and reexamine Project HomeKey: Leave $500,000 (permits); fire safety and
fencing elements keep, beyond that, should stay in for the remaining $2M
e. Cubberley Revisions – Clarity of the split, refine with consideration of original
methodology before 2018 change
f. Youth mental health: revisit full $200,000 in FY 2024 Mid-Year Budget
2. Recommend Staff Referrals (slide 6)
a. Referral to explore a Eucalyptus tree removal with Stanford Ad-hoc for fire safety
reduction
b. Referral to evaluate Human Services and HSRAP funding on an ongoing basis
including possibility of funding at 1% of the General Fund
3. Approve the FY 2024-2028 Capital Improvement Plan, amended by
a. Changes approved in warp up discussion
MOTION PASSED: 3-0
ACTION MINUTES
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(Sp.) Finance Committee Meeting
Action Minutes: 5/30/2023
Adjournment: The meeting was adjourned at 6:59 P.M.