City Council Chambers
29844 Haun Road
Menifee, CA 92586
Lesa Sobek, District 3
Dean Deines, District 4
AGENDA
Finance Committee
Regular Meeting Agenda
Tuesday, September 26, 2023
1:30 PM Regular Meeting
Rochelle Clayton, Asst. City Manager
Sarah Manwaring, City Clerk
REGULAR MEETING (1:30 PM)
1. CALL TO ORDER
2. ROLL CALL
3. PRESENTATIONS NONE
4. PUBLIC COMMENTS (NONAGENDA ITEMS)
This is the time for members of the public to address the Committee Members about items which are NOT listed on the agenda. The Ralph M. Brown Act limits the Committee’s ability to respon d to comments on nonagendized matters at the time such comments are made. Each speaker will be limited to three minutes on any single item.
5. APPROVAL OF MINUTES
5.1 May 11, 2023 Finance Committee Minutes
6. DISCUSSION ITEMS
6.1 City of Menifee Investment Portfolio Overview
RECOMMENDED ACTION
1. Receive and file presentations on City of Menifee’s Investment Portfolio.
6.2 Annual Investment Policy for Fiscal Year 2023/2024
RECOMMENDED ACTION
1. Review and provide comments on the Draft Fiscal Year 2023/2024 Investment Policy and recommend submittal to the City Council for approval at a future City Council meeting.
6.3 Proposed Formation of Community Facilities District No. 20233, Banner Park II, by Pulte Homes
RECOMMENDED ACTION
1. Review the proposed Community Facilities District No. 20233, Banner Park II, by Pulte Homes to finance certain costs of public improvements within the 182 home singlefamily residential development.
6.4 Proposed Change to Community Facilities District No. 20232 Improvement Area 2, Cimarron Ridge by Pulte Homes
RECOMMENDED ACTION
1. Review the changes proposed for Community Facilities District No. 20232 Improvement Area 2, Cimarron Ridge by Pulte Homes to amend the financing plan for certain public improvements within the proposed 756unit residential development and recommend submittal to the City Council for consideration.
7. STAFF COMMENTS
8. COMMITTEE MEMBER UPDATES AND COMMENTS
9. ADJOURNMENT
Decorum Policy Notes
The Committee anticipates and encourages public participation at its meetings, both on agenda items and during the public comments period. Please turn your cell phones off, refrain from talking in the audience or outbursts that may be disruptive. We encourage participation and ask for a mutual respect for the proceedings.
Staff Reports
Materials related to an item on this agenda, including those submitted to the Committee after distribution of the agenda packet, are available for public inspection by contacting the City Clerk Department, at (951) 6726777, or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours.
Compliance with the Americans with Disabilities Act
If you need special assistance to participate in this meeting, you should contact the City Clerk Department at (951) 6726777, or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours. Notification 72 hours prior to the meeting will enable the City to make reasonable arrangements to assure accessibility to this meeting.
Menifee Finance Committee
September 26, 2023
City Council Chambers
29844 Haun Road
Menifee, CA 92586
Lesa Sobek, District 3
Dean Deines, District 4
AGENDA
Finance Committee
Regular Meeting Agenda
Tuesday, September 26, 2023
1:30 PM Regular Meeting
Rochelle Clayton, Asst. City Manager
Sarah Manwaring, City Clerk
REGULAR MEETING (1:30 PM)
1. CALL TO ORDER
2. ROLL CALL
3. PRESENTATIONS NONE
4. PUBLIC COMMENTS (NONAGENDA ITEMS)
This is the time for members of the public to address the Committee Members about items which are NOT listed on the agenda. The Ralph M. Brown Act limits the Committee’s ability to respon d to comments on nonagendized matters at the time such comments are made. Each speaker will be limited to three minutes on any single item.
5. APPROVAL OF MINUTES
5.1 May 11, 2023 Finance Committee Minutes
6. DISCUSSION ITEMS
6.1 City of Menifee Investment Portfolio Overview
RECOMMENDED ACTION
1. Receive and file presentations on City of Menifee’s Investment Portfolio.
6.2 Annual Investment Policy for Fiscal Year 2023/2024
RECOMMENDED ACTION
1. Review and provide comments on the Draft Fiscal Year 2023/2024 Investment Policy and recommend submittal to the City Council for approval at a future City Council meeting.
6.3 Proposed Formation of Community Facilities District No. 20233, Banner Park II, by Pulte Homes
RECOMMENDED ACTION
1. Review the proposed Community Facilities District No. 20233, Banner Park II, by Pulte Homes to finance certain costs of public improvements within the 182 home singlefamily residential development.
6.4 Proposed Change to Community Facilities District No. 20232 Improvement Area 2, Cimarron Ridge by Pulte Homes
RECOMMENDED ACTION
1. Review the changes proposed for Community Facilities District No. 20232 Improvement Area 2, Cimarron Ridge by Pulte Homes to amend the financing plan for certain public improvements within the proposed 756unit residential development and recommend submittal to the City Council for consideration.
7. STAFF COMMENTS
8. COMMITTEE MEMBER UPDATES AND COMMENTS
9. ADJOURNMENT
Decorum Policy Notes
The Committee anticipates and encourages public participation at its meetings, both on agenda items and during the public comments period. Please turn your cell phones off, refrain from talking in the audience or outbursts that may be disruptive. We encourage participation and ask for a mutual respect for the proceedings.
Staff Reports
Materials related to an item on this agenda, including those submitted to the Committee after distribution of the agenda packet, are available for public inspection by contacting the City Clerk Department, at (951) 6726777, or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours.
Compliance with the Americans with Disabilities Act
If you need special assistance to participate in this meeting, you should contact the City Clerk Department at (951) 6726777, or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours. Notification 72 hours prior to the meeting will enable the City to make reasonable arrangements to assure accessibility to this meeting.
Menifee Finance Committee
September 26, 2023