CITY OF MILPITAS
FINANCE SUBCOMMITTEE
March 18, 2026 Finance Subcommittee Agenda Page 1
REGULAR MEETING
AGENDA
4:00- 5:00 PM
Wednesday, March 18, 2026
1ST Floor Committee Conference Room
455 E. Calaveras Blvd, Milpitas
1. Call to Order
2. Pledge of Allegiance
3. Roll Call
4. Seating of Alternates
5. Approval of Agenda: March 18, 2026
6. Approval of Meeting Minutes: March 12, 2025
7. Public Forum
Members of the audience are invited to address the Commission on any subject not on the agenda. Speakers must state their name (address is optional) for the record, and limit their remarks to three minutes or less. For items not listed on the agenda, no response is required of City staff or Commissioners. However, Commissioners may ask staff to place the item on a future meeting agenda.
8. Announcements
9. Business Items
a. Quarterly Investment Report for the period ending December 31, 2025 Recommendation: Receive Quarterly Investment Report for the period ending December 31, 2025
10. Discussion of Future Agenda Items
11. City Liaison Reports
• Council Liaison Report
• City Staff Report
12. Adjournment
March 18, 2026 Finance Subcommittee Agenda Page 2
KNOW YOUR RIGHTS UNDER THE OPEN GOVERNMENT ORDINANCE
Government’s duty is to serve the public, reaching its decisions in full view of the public.
Commissions and other agencies of the City exist to conduct the people’s business. This ordinance assures that deliberations are conducted before the people and the City operations are open to the people’s review.
For more information on your rights under the Open Government Ordinance or to report a violation, contact the City Attorney’s office at Milpitas City Hall, 455 E. Calaveras Blvd., Milpitas, CA 95035 e-mail: [email protected] / Phone: 408-586-3049
The Open Government Ordinance is codified in the Milpitas Municipal Code as Title I Chapter 310 and is available online at the City’s website www.milpitas.gov by selecting “I Want to . . . View “ link.
Materials related to an item on this agenda submitted to the Commission after initial distribution of the agenda packet are available for public inspection at the City Clerk’s office at Milpitas City Hall, 455 E. Calaveras Blvd., Milpitas and on the City website. Commission agendas and related materials can be viewed online: https://www.milpitas.gov/129/Agendas-Minutes (select meeting date)
APPLY TO SERVE ON A CITY COMMISSION
Commission application forms are available online at http://www.milpitas.gov or at Milpitas City Hall.
Contact the City Clerk’s office at 408-586-3003 for more information.
If you need assistance, per the Americans with Disabilities Act, for a City of Milpitas public meeting, please call Finance Director Lauren Lai at (408) 586 -3111 or send an e -mail to [email protected] prior to the meeting. You may request a larger font agenda or arrange for mobility assistance. For hearing assistance, headsets are available in the City Council Chambers for all meetings.
CITY OF MILPITAS
FINANCE SUBCOMMITTEE
March 12, 2025 Finance Subcommittee Meeting Minutes Page 1
MEETING MINUTES-DRAFT
3:00 p.m. - 4:00 p.m.
Wednesday, March 12, 2025
1st Floor Committee Conference Room
455 E. Calaveras Blvd, Milpitas
CALL TO ORDER Mayor Carmen Montano called the meeting to order at 3:00 PM and called the roll.
PLEDGE of ALLEGIANCE
ROLL CALL
Mayor Montano led the pledge of allegiance.
PRESENT: Mayor Carmen Montano, Vice Mayor Evelyn Chua
ABSENT: None
STAFF PRESENT: Matt Cano, Assistant City Manager (3:02 PM) Luz Cofresí-Howe, Finance Director
Ria Abellera, Finance Administrative Assistant
APPROVAL OF AGENDA Motion/Second: Vice Mayor Chua/Mayor Montano Motion carried by a vote of AYES: _All_ NOES: __None__
APPROVAL OF MINUTES November 21, 2024 Minutes
Motion/Second: Vice Mayor Chua/ Mayor Montano
Motion carried by a vote of AYES: _All_ NOES: _None_
PUBLIC FORUM There were no members of the public present.
ANNOUNCEMENTS There were no announcements.
BUSINESS ITEMS i. Quarterly Investment Report
a. The Committee received the investment report for the quarter ending December 31, 2024
ii. Enterprise Resource Planning (ERP) deployment update a. Finance Director Cofresí-Howe presented an updated status of the City transition from its legacy financial and human resource systems to Tyler, a cloud-based SaaS solution.
CITY LIAISON REPORTS No reports given.
ADJOURNMENT Mayor Montano adjourned the meeting at 3:49 PM.