CITY COUNCIL AUDIT & FISCAL SUSTAINABILITY COMMITTEE – Minutes City Hall Council Chambers
1000 San Pablo Ave, Albany, CA
Monday, February 10, 2025
1 ACTION MINUTES
MONDAY FEBRUARY 10, 2025, 4:00 PM
1. CAL
L TO ORDER / ROLL CALL / LAND ACKNOWLEDGEMENT
Committee Members Present: Jordan and Miki
Committee Members Absent: None
Staff Present: City Manager Nicole Almaguer, City Clerk Anne Hsu, Finance Director Reina Schwartz; Finance Manager Cassondra Murphy T
he Albany Land Acknowledgement Statement was read as adopted by the City Council per City of Albany Minutes Action, November 15, 2021.
2. AP
PROVAL OF MINUTES: None (no prior meeting)
3. P
UBLIC COMMENT
4 . PRESENTATIONS
4-1. Annual Comprehensive Financial Report for FY2023/24 S
taff Recommendation: That the City Council Audit & Fiscal Sustainability (AFS) Standing Committee receive the report and forward to the full City Council for acceptance.
Reina Schwartz presented brief summary of the FY2023/24 audit. Sheldon Chavan of Chavan and Associates LLP gave a presentation on the scope of the audit results.
4 -2. Midyear Review of FY2024/25 Budget
S
taff Recommendation: That the City Council Audit & Fiscal Sustainability (AFS) Standing Committee receive the report and forward to the full City Council for review. No midyear budget requests are recommended.
Reina Schwartz presented the midyear budget report for FY2024/25.
5. NE
W BUSINESS
5 -1. Selection of Committee Member to Serve on Interview Panel for Audit Firms
S
taff Recommendation: That the Council Audit & Fiscal Sustainability (AFS) Standing Committee select one member of the Committee to participate in interviews of potential audit firms.
Committee member Jordan will serve on the interview panel.
CITY COUNCIL AUDIT & FISCAL SUSTAINABILITY COMMITTEE – Minutes City Hall Council Chambers
1000 San Pablo Ave, Albany, CA
Monday, February 10, 2025
2 6. ANNOUNCEMENTS
Future agenda meeting items: Workshop on Budget and Fees ; Investments and Environmental, Social and Governance Investment options ; Pension Funding ; Annual Review of Investment Policy; Q3 update
7. ADJOURNMENT
Meeting adjourned at 5:30 PM.