CITY COUNCIL AUDIT & FISCAL SUSTAINABILITY COMMITTEE – Minutes City Hall Council Chambers
1000 San Pablo Ave, Albany, CA
Monday, October 13, 2025
1 ACTION MINUTES
MONDAY July 14, 2025, 4:30 PM
1. CAL
L TO ORDER / ROLL CALL / LAND ACKNOWLEDGEMENT
Committee Members Present: Jordan and Miki
Committee Members Absent: None
Staff Present: Assistant City Manager Isabelle Leduc , City Clerk Anne Hsu, Finance Director Reina Schwartz
T
he Albany Land Acknowledgement Statement was read as adopted by the City Council per City of Albany Minute Action, November 15, 2021.
2. APPROVAL OF ACTION MINUTES: APRIL 14, 2025
C
ouncil Member Jordan motioned to approve the minutes.
AYES:
Members Jordan, Miki
NOES: None
ABSTAIN: None
ABSENT: None
Motion Passes
3. P
UBLIC COMMENT
4 . PRESENTATIONS
4 -1. Update on Investment Performance as of June 30, 2025 Staff Recommendation: That the Committee receive the report Justin Resuello from PFMAM presented results for performance to the Committee.
5. DISCUSSION OF POSSIBLE ACTION ON MATTERS RELATED TO THE FOLLOWING ITEMS:
5 -1. Follow-up Discussion on Potential Changes to Investment Policy Related to Environmental, Social, and Governance Investing
Staff Recommendation: That the Committee discuss potential changes to Invest- ment Policy related to Environmental, Social, and Governance (ESG) Investing and forward to the full City Council for discussion and consideration Committee received a presentation from Finance Director Schwartz on options available for committee to recommend an ESG Investing Policy to the Council.
Committee recommended Part 4 of Option C and excluding the Aerospace and CITY COUNCIL AUDIT & FISCAL SUSTAINABILITY COMMITTEE – Minutes City Hall Council Chambers
1000 San Pablo Ave, Albany, CA
Monday, October 13, 2025
2 Defense Industry, Oil and Gas Production Industry, Energy Services Industry with the opportunity to exclude additional companies as City Council sees fit. 6 . ANNOUNCEMENTS
P
reliminary year-end results will be presented at next meeting. Audit findings may also be a topic.
7 . ADJOURNMENT
Meeting adjourned at 6:07 PM.