MINUTES OF THE
CITY OF SAN RAMON FINANCE COMMITTEE
February 18, 2026
1. CALL TO ORDER
Attendee
Name
Title St
at
us
Arr
ived
Robert
Jweinat
Chair Pr
es
ent
3:57
PM
Mark
Armstrong
Vice
Chair
Pr
es
ent
3:55
PM
Also in attendance: Steven Spedowfski, City Manager; Scott Koll, Assistant City Manager; Jennifer Wakeman, Finance Director; Yuliya Elbo, Budget Manager; Michelle Joe, Financial Analyst; Jon Bell, Public Services Division Manager; Matt Ramirez, Senior Administrative Analyst; Nicki MacPherson, Accounting Specialist
2. PUBLIC COMMENT
There were no public comments on previous items.
3. APPROVAL OF MINUTES
3.1 Finance Committee - Special Meeting - Dec 18, 2025 4:30 PM RESULT: ACCEPTED [UNANIMOUS]
AYES: Jweinat, Armstrong
4. UNFINISHED BUSINESS
There was no unfinished business to discuss.
5. NEW BUSINESS
5.1 California Employers’ Benefit Trust (CERBT) Statement for the Quarter Ended December 31, 2025
RESULT: ACCEPTED
5.2 PARS Pension Stabilization Trust Statements for the Quarter Ended December 31, 2025
Public comment was made by Japanese Taiwanese American. 2 Finance Committee Meeting – February 18, 2026
RESULT: ACCEPTED
5.3 FY25 Memorandum on Internal Control
Recommendation: Review and Accept the FY25 Memorandum on Internal Control.
Public comment was submitted via email by Brian Swanson. Public comments were made in person by Brian Swanson, Susie Ferris Inderkum, and Japanese Taiwanese American.
RESULT: ACCEPTED
5.4 Reserve Workshop Preview
Recommendation: Review the Attached Draft City Council Report, Receive the Planned Presentation, and Provide Feedback on Both.
Public comment was made by Japanese Taiwanese American.
RESULT: ACCEPTED
5.5 City of San Ramon Quarterly Investment Report (Period Ending December 31, 2025)
Agenda item was deferred to the next Finance Committee Meeting due to time constraints with committee members.
RESULT: WITHDRAWN
5.6 FY26 Budget to Actual Analyses: July - December 2025 Recommendation: Staff Recommends the Finance Committee Review the Budget to Actual Analyses for Quarters 1 and 2 of FY 2025-26 and 1) Provide Feedback on the Content of the Information Provided and 2) Ask Any Questions.
Agenda item was deferred to the next Finance Committee Meeting due to time constraints with committee members.
RESULT: WITHDRAWN
6. COMMITTEE MEMBER COMMENTS
Committee members had nothing additional to report.
7. ADJOURNMENT
The meeting adjourned at 5:16 PM. The next Finance Committee Meeting is TBD.