CITY OF SANTA BARBARA
FINANCE COMMITTEE MEETING
MEETING AGENDA
DATE: May 16, 2023 Eric Friedman, Chair
TIME: 12:00 PM Alejandra Gutierrez
PLACE: David Gebhard Public Meeting Room Meagan Harmon
630 Garden Street
Rebecca Bjork Keith DeMartini
City Administrator Finance Director
Members of the public may participate in person or via Zoom. Zoom instructions are below. Web: (Participation via Zoom)
Register in advance for this webinar:
https://santabarbaraca-gov.zoom.us/webinar/register/WN_zOLnyadbSEy8lzNLjz_8mA Webinar ID: 814 6074 0397
Passcode: 360904
After registering, you will receive a confirmation email containing information about joining the webinar. Telephone: Dial 1-669-900-6833, Enter Webinar ID: 814 6074 0397 (press *9 to raise/lower hand; press *6 to mute/unmute) REMOTE PUBLIC COMMENT: Members of the public wishing to speak must “raise their hand” in the Zoom platform by selecting the virtual hand icon when their item is called. The keyboard shortcut for this is Alt+Y for Windows and Option+Y for Macs. City staff will activate the speaker’s microphone when the speaker’s name is called. The speaker will then need to unmute themselves. They keyboard shortcut for this is Alt+M for Windows or Command-Shift-A for Macs.
For those who need accessibility accommodation in using the “raise hand” function and/or registering to participate in the Zoom session, please contact the Finance Department by 5:00 p.m. the day before the meeting for assistance. Additionally, a speaker may email [email protected] by 5:00 p.m. the day before a meeting, stating the item on which they wish to speak.
05/16/2023 Santa Barbara City Council Final Agenda Page 1 ITEMS FOR CONSIDERATION:
1. Subject: Fiscal Year 2023 Third-Quarter Review (120.03) Recommendation: That Finance Committee:
A. Receive a report from staff on the status of revenues and expenditures in relation to budget for the nine months ended March 31, 2023; B. Accept the Fiscal Year (FY) 2023 Interim Financial Statements for the nine months ended March 31, 2023; and
C. Recommend that Council approve proposed Third Quarter (Q3) adjustments to FY 2023 appropriations and estimated revenues as detailed in the attached schedule of Proposed Q3 adjustments.
2. Subject: Finance Committee Review of the Fiscal Year 2024 Recommended Budget (120.03)
Recommendation: That Finance Committee:
A. Hear a report from staff on General Fund non-departmental revenues, including growth assumptions, in connection with the Committee’s review of the Fiscal Year 2024 Recommended Budget;
B. Hear a report from staff, in connection with the Recommended Budget for Fiscal Year 2024, on staff recommended Adjustments;
C. Recommend the City Council approve the Cost Recovery and Revenue Policy; and
D. Develop final recommendations to Council based on the Committee’s review of the recommended budget and proposed fee changes.