City Council Chambers
29844 Haun Road
Menifee, CA 92586
Ricky Estrada, Mayor
Dean Deines, District 4
MINUTES
Finance Committee
Regular Meeting Minutes
Tuesday, September 09, 2025
4:00 PM Regular Meeting
Travis Hickey, Chief Financial
Officer
Rachel Valencia, Clerk
REGULAR MEETING (4:00 PM)
1. CALL TO ORDER
Mayor Estrada called the meeting to order at 4:00 PM.
Staff requested to change the order of items presented on the agenda and the Finance Committee approved.
2. ROLL CALL
Present: Ricky Estrada, Dean Deines
Absent: None
3. PRESENTATIONS
There were no presentations.
4. PUBLIC COMMENTS (NONAGENDA ITEMS)
There were no public comments.
5. APPROVAL OF MINUTES
The following set of minutes were approved unanimously (2-0) with no modifications.
5.1 July 8, 2025 Finance Committee Meeting Minutes
6. DISCUSSION ITEMS
6.5 City of Menifee Annual Cash & Investment Overview
Per the Committee’s approval of the agenda modification, item 6.5 was presented first.
Chief Financial Officer Travis Hickey introduced the item. Consultant Alaynè Marie Samson with Chandler Asset Management and Finance Manager Ann- Marie Etienne provided a presentation.
The Committee asked general questions and Mayor Estrada suggested revisiting how often the Committee evaluates which investment advisors the City consults with.
The Committee unanimously approved the recommendation.
ACTION
1. Received and filed presentation on City of Menifee’s Annual Cash & Investment Overview for the July 1, 2024 to June 30, 2025 period.
6.1 Formation of Community Facilities District 2025-6 (Coastline)
Chief Financial Officer Travis Hickey introduced the item. Financial Analyst Lauri Lockwood, Shane Spicer from Spicer Consult ing Group and Jim Zimmerman from the Zimmerman Group provided a presentation. Councilmember Deines expressed concern over the amount of homes and location of the proposed development.
The Committee unanimously approved the recommended action.
ACTION
1. Reviewed the proposed Community Facilities District 2025-6 to finance certain costs of public improvements for the development of 45 single-family homes located at the northwest corner of Menifee Road and Coastline Avenue, and recommended submittal to the City Council for consideration.
6.2 Public Safety Services Community Facilities District (CFD)
Chief Financial Officer Hickey introduced the item. Deputy Finance Director Margarita Cornejo and Shane Spicer from Spicer Consulting Group provided a presentation.
The Committee asked general questions and staff provided clarification. Councilmember Deines expressed concern with inequity and emphasized the importance of communicating with residents if the City were to move forward with the proposed CFD.
The Committee unanimously approved the recommended action.
ACTION
1. Recommended that staff forward the fiscal impact analysis related to a potential public safety services CFD to the City Council for consideration.
6.3 Purchasing and Contracting Administrative Manual Update Chief Financial Officer Travis Hickey introduced the item. Finance Manager Amir Zaki provided a presentation. Councilmember Deines suggested changing the name of one of the processes referenced in the manual.
The Committee unanimously approved the recommended action.
ACTION
1. Received and filed update on Purchasing and Contracting Administrative Manual (Administrative Policy AD-35).
6.4 Consideration to Establish Section 115 Trust
Chief Financial Officer Travis Hickey introduced the item and provided a presentation.
Councilmember Deines inquired about the potential risks involved with the discussed funds and made some suggestions regarding one- time monies and comparing investment policies. Mayor Estrada had general questions about allotment and suggested adjusting the policy to give the City Council more flexibility before setting a percentage.
The Committee unanimously approved the recommendation.
ACTION
1. Reviewed and provided input on consideration of establishing a Section 115 Trust.
7. STAFF COMMENTS
There were no staff comments.
8. COMMITTEE MEMBER UPDATES AND COMMENTS
There were no reports on Committee activities.
9. FUTURE AGENDA ITEMS
There were no future agenda item requests.
10. ADJOURNMENT
The meeting adjourned 5:55 PM.
Rachel Valencia, Administrative Assistant