ATTACHMENT I
COUNCIL BUDGET & FINANCE COMMITTEE MEETING
Meeting Minutes of March 16, 2022
Call to Order: 5:00 p.m.
Members Present: Mayor Barbara Halliday, Councilmember Aisha Wahab, Councilmember Sara Lamnin
Members Absent: None
Staff: Kelly McAdoo, Regina Youngblood, Dustin Claussen, Nicholas Mullins, Rick Rivera, Mary Thomas
Guests: Craig Hill, NHA Advisors
Mike Meyers, NHA Advisors
Public Comments: None
1. Approval of Meeting Minutes from February 16, 2022
Action: Motion was made by Mayor Halliday to approve the minutes of February 16, 2022, Council and Budget Finance Committee meeting. Motion was seconded by Councilmember Lamnin and passed with unanimous approval.
2. CalPERS Pension Unfunded Accrued Liability (UAL) Update and Introduction to Restructuring Concepts
Director Claussen introduced Craig Hill and Mike Meyers of NHA Advisors who provided an update to the CalPERS Pension Unfunded Accrued Liability (UAL) and restructuring concepts
Action: The Committee received the presentation and provided feedback. The Committee asked to continue the Public Obligation Bond (POB) analysis and continued education for the Committee and City Council.
3. Fiscal Year 2023 Mayor & City Council Departmental Budget Discussion
Mary Thomas presented the Fiscal Year 2023 Mayor & City Council Department budget and accomplishments.
Action: The Committee received the presentation and provided feedback. Staff will incorporate suggested feedback.
4. Fiscal Year 2023 Budget Process Update
Director Claussen provided a brief oral update regarding the Fiscal Year 2023 Budget Process.
Action: None
5. Review and Approve the FY 2022 Agenda Planning Calendar
The Committee reviewed the FY 2022 Agenda
Action: Councilmember Wahab requested an update on Public Banking and Mayor Halliday requested an informational report on current Hayward taxes and their sunset dates to be provided during the April Council Budget & Finance Committee meeting.
Committee Members/Staff Announcements:
None
Adjournment: The meeting was adjourned at 6:31 p.m.