City Council Chambers
29844 Haun Road
Menifee, CA 92586
Lesa Sobek, District 3
Dean Deines, District 4
AGENDA
Finance Committee
Regular Meeting Agenda
Tuesday, May 7, 2024
2:00 PM Regular Meeting
Travis Hickey, Chief Financial Officer
Edna Aguilar, Management Analyst
REGULAR MEETING (2:00 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 NONE
6. DISCUSSION ITEMS
6.1 Fiscal Year 2024/2025 Annual Investment Policy Review RECOMMENDED ACTION
1. Review and provide feedback on the draft Fiscal Year 2024/2025 Investment Policy and recommend it be submitted to the City Council for approval at a future City Council meeting.
6.2 Fiscal Year 2024/25 MidCycle Budget Review: Fund Balance Policy for General Fund RECOMMENDED ACTION
1. Review the existing Fund Balance Policy No. CC07 for the General Fund and provide input for policy updates as part of Fiscal year 2024/2025 MidCycle Budget Adoption.
7. STAFF COMMENTS
8. COMMITTEE MEMBER UPDATES AND COMMENTS
9. FUTURE AGENDA ITEMS
End of Fiscal Year Update Provided by Chandler Asset Management
10. 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
May 7, 2024
City Council Chambers
29844 Haun Road
Menifee, CA 92586
Lesa Sobek, District 3
Dean Deines, District 4
AGENDA
Finance Committee
Regular Meeting Agenda
Tuesday, May 7, 2024
2:00 PM Regular Meeting
Travis Hickey, Chief Financial Officer
Edna Aguilar, Management Analyst
REGULAR MEETING (2:00 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 NONE
6. DISCUSSION ITEMS
6.1 Fiscal Year 2024/2025 Annual Investment Policy Review RECOMMENDED ACTION
1. Review and provide feedback on the draft Fiscal Year 2024/2025 Investment Policy and recommend it be submitted to the City Council for approval at a future City Council meeting.
6.2 Fiscal Year 2024/25 MidCycle Budget Review: Fund Balance Policy for General Fund RECOMMENDED ACTION
1. Review the existing Fund Balance Policy No. CC07 for the General Fund and provide input for policy updates as part of Fiscal year 2024/2025 MidCycle Budget Adoption.
7. STAFF COMMENTS
8. COMMITTEE MEMBER UPDATES AND COMMENTS
9. FUTURE AGENDA ITEMS
End of Fiscal Year Update Provided by Chandler Asset Management
10. 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
May 7, 2024