1 Finance Subcommittee Meeting Draft Action Minutes
Meeting Date: April 20, 2:00 p.m.
Recording Secretary: Helga Foushanes
In Attendance: Tim Lilligren, Treasurer
Richard Montgomery, Mayor
Steve Napolitano, Council Member
Bruce Moe, City Manager
Lolly Enriquez, RWG/ City Attorney
Steve S. Charelian, Finance Director
Libby Bretthauer, Financial Services Manager
Julie Bondarchuk, Financial Controller
Emy-Rose Hanna, Revenue Services Supervisor
Marcelo Serrano, Budget and Financial Analyst
Called to Order: 2:03 p.m. by Tim Lilligren, Treasurer
Agenda Item #1 – Public Comments
None.
Agenda Item #2 - Approval of Minutes from December 15, 2022 Finance Subcommittee Meeting
The Finance Subcommittee approved the minutes of December 15, 2022 Agenda Item #3 – Consideration of Revenue Enhancement Measures (Stormwater Fee and Sales Tax Increase)
The Finance Subcommittee agreed to proceed with a report to City Council for consideration of a Stormwater fee and sales tax increase. The subcommittee recommended a Prop 218 process for the Stormwater fees, which includes obtaining an Engineering report, conducting a survey to poll resident opinion, a 45-day protest period, and concluding with a mail-in ballot process. Staff was directed to take a report to CC in May with the goal of concluding the process by the end of 2023.
The Finance Subcommittee recommended a .25% increase in sales tax with a provision to impose the remaining sales tax up to the limit upon a sales tax measure appearing on a future ballot.
Agenda Item #4 –Consideration of Parking Citation Increase The subcommittee voted 2:1 in favor of a citation increase from $53.00 to $55.00. The proposed increase will be presented to City Council during the FY 2023-2024 proposed budget process.
Agenda Item #5 – Month End Financials for February 2023 The Finance Subcommittee received and filed the report.
Agenda Item #6 - Investment Portfolio for February 2023 The Finance Subcommittee received and filed the report.
Agenda Item #7 – Fiscal Year 2022-2023 Monthly Schedule of Transient Occupancy Tax, Lease Payments and Miscellaneous Accounts Receivables
The Finance Subcommittee directed staff to look into July 2022 total TOT collections and report back why the numbers are so high.
2 The Finance Subcommittee received and filed the report.
Agenda Item #8 – October 1, 2022 through December 31, 2022 Bad Debt Write Offs for Miscellaneous Accounts Receivables, Utility Billing and Ambulance Transports Referred to Collections
The Finance Subcommittee received and filed the report.
Agenda Item #9 – Adjournment
The meeting adjourned at 2:48 p.m.