CITY COUNCIL AUDIT & FISCAL SUSTAINABILITY COMMITTEE – Minutes City Hall Council Chambers
1000 San Pablo Ave, Albany, CA
Monday, March 10, 2025
1 ACTION MINUTES
MONDAY MARCH 10, 2025, 5:00 PM
1. CALL
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 The A
lbany Land Acknowledgement Statement was read as adopted by the City Council per City of Albany Minute Action, November 15, 2021.
2. ST
ANDING COMMITTEE ADMINISTRATION
2-1. Selection of Committee Chair
Counc
il Member Jordan nominated Council Member Miki to be the Chair. Council Member Miki accepted.
2-2. Approval of Action Minutes: February 10, 2025
Counc
il Member Jordan motioned to approve the minutes.
AYES: M
embers Jordan, Miki
NOES: None
ABSTAIN: None
ABSENT: None
Motion Passes
3. PUBL
IC COMMENT
4. PRESEN
TATIONS
4-1. Quarterly Investment Performance for Fourth Quarter 2024 (ending De- cember 31, 2024)
Staff Recommendation: That the Committee receive a presentation on the most recently completed quarterly investment results.
Committee received a presentation from Justin Resuello from PFMAM on the quarterly investment results for 2024 Fourth Quarter.
CITY COUNCIL AUDIT & FISCAL SUSTAINABILITY COMMITTEE – Minutes City Hall Council Chambers
1000 San Pablo Ave, Albany, CA
Monday, March 10, 2025
2 5. DISCUSSION OF POSSIBLE ACTION ON MATTERS RELATED TO THE FOLLOWING ITEMS:
5-1. Discussion of Environmental, Social, and Governance (ESG) Investing Strategies and Options
Staff Recommendation: That the Committee receive a presentation on ESG investing and forward to the full City Council for discussion and considera- tion.
Committee received a presentation from Justin Resuello from PFMAM. The Committee wanted a further discussion on potential changes ahead of for- warding to City Council. Staff will come back with more data to present to the Committee.
6. ANNOUNCEMENTS
Future agenda meeting items: additional information on ESG Investing and Pension Funding Policy in April, May is the budget workshop, June planned Q3 budget review for FY2024/25.
7. ADJOURNMENT
Meeting adjourned at 6:38 PM.