MINUTES
BUDGET AND PERSONNEL COMMITTEE
Special Meeting - Friday, March 17, 2023, 10:30 AM
As allowed by Assembly Bill AB2449, this meeting was conducted in person and by teleconference
1. CALL TO ORDER
Mayor Carbone called the meeting to order at 10:30 am.
2. ROLL CALL
Present:
Staff:
Mayor Carbone
Councilmember Sofer
Vibeke Norgaard, City Manager
Brian Ferrante, Chief of Police
Roberto Moreno, Interim Finance Specialist
Shannon Norton, Interim Administrative Assistant
3. COMMUNICATIONS
No public comment was received.
4. ORDER OF BUSINESS
Proposed Fiscal Year 2022-2023 Budget Amendment #1
City Manager Norgaard provided an overview of the proposed amendment #1 to the Fiscal Year 2022-2023 budget which shows an increase in expected revenues of $1,197,483.00 from the Fiscal Year 2022-2023 adopted budget and an increase in expenditures of $1,841,321. The City Manager explained the main reason for the increase in both revenues and expenditures and pointed out that special project expenditures are the main cause of the increase in City expenditures this fiscal year overall. In particular, the West Bay Platform repair, the reconstruction of Calabrese Park, the cost of completing the City's housing element, as well as supply chain issues resulting in items purchased in prior fiscal years arriving, and thus being paid for, in this current fiscal year.
Interim Finance Specialist Robert Moreno presented the budget summary and noted that the revenues for recurring operations looked good for the City in that revenues are 1,638,907 above expenditures for recurring operations, so the $91,448 to be funded from prior years is due to special projects. He also noted that the City's surplus in Fiscal Year 2021-2022, the prior fiscal year, was $2,628,531.
Mayor Carbone asked a question about the special projects and the City Manager reviewed the line items with her for Calabrese Park and West Bay Platform.
Councilmember Sofer asked about whether revenue could be obtained through MST for the SURF bus line they are planning to put in and the fact that they are not putting in any parking, which might result in the bus riders using Sand City shopping center parking lots. The City Manager proposed requesting that the Executive Director of MST come and present to Council on this item. Mayor Carbone mentioned she is the Chair, and supported the idea of having a presentation.
Mayor Carbone and Councilmember Sofer recommended the budget amendment be brought to the council for its consideration and approval.
5. ADJOURNMENT
Mayor Carbone adjourned the meeting at 11 :05 am.
Respectfully Submitted:
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