HomeMy WebLinkAbout2023-12-05 Finance Committee Action MinutesFINANCE COMMITTEE
ACTION MINUTES
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Regular Meeting
December 5, 2023
The Finance Committee of the City of Palo Alto met on this date in the Community Meeting Room
and by virtual teleconference at 5:30 PM.
Present In Person: Burt, Lythcott-Haims, Stone
Present Remotely: None
Absent: None
Action Items
1. Review and Recommend the City Council Accept the FY 2025- 2034 Long Range Financial
Forecast and FY 2025 Annual Budget Development Guidelines
MOTION: Council Member Lythcott-Haims moved, seconded by Vice Mayor Stone to
recommend that the City Council accept the Fiscal 2025-2034 Long Range Financial Forecast
Base Case and the FY 2025 Budget Development Guidelines (Attachment A) and direct staff to
use this forecast as the starting point for the initiation of the FY 2025 budget process.
MOTION PASSED: 3-0
2. Information Item: Calendar Year (CY) 2023 Finance Committee Referrals Status
No action taken.
Adjournment: The meeting was adjourned at 7:15 P.M.