637 First Street
Santa Rosa, CA 95404City of Santa Rosa
Long-Term Financial Policy and Audit
Subcommittee
Regular Meeting Minutes - Draft
3:30 PMThursday, February 13, 2025
1. CALL TO ORDER AND ROLL CALL
Chair Stapp called the meeting to order at 3:32 pm
Also Present:
Alan Alton - CFO
Scott Wagner - Deputy Director, Finance
Veronica Conner - Budget and Financial Analysis Manager (Presenter) Mike Frugoli - Financial Analyst (Presenter)
Maraskeshia Smith - City Manager (Zoom)
Jason Nutt - Assistant City Manager (Zoom)
Daryel Dunston - Assistant City Manager (Zoom)
Teresa Stricker - City Attorney
Chad Hedge - Parking Manager (Zoom)
Chair Mark Stapp, Caroline Bañuelos, and Jeff OkrepkiePresent: 3 -
2. PUBLIC COMMENTS NON-AGENDA MATTERS
No Public Comments
3. APPROVAL OF MINUTES
The October 10, 2024, regular meeting minutes were approved as submitted
3.1 APPROVAL OF MINUTES
Regular Meeting Minutes -October 10, 2024 LTFPA - draft Regular Meeting Minutes -October 10, 2024 LTFPA - Approved CANCELLATION - November 14, 2024
CANCELLATION - December 12, 2024
CANCELLATION - January 9, 2025
CANCELLATION - January 23, 2025
Attachments:
4. SCHEDULED ITEMS
4.1 FY 2025 QUARTERLY BUDGET REVIEW - SECOND QUARTER
City of Santa Rosa
Regular Meeting Minutes
February 13, 2025Long-Term Financial Policy and
Audit Subcommittee
Regular Meeting Minutes - Draft
Presenter: Veronica Conner, Budget & Financial Analysis Manager Purpose: Staff will present information on the budget performance, primarily the second quarter.
Recommendation Action: Information
Q2 2024-25 PresentationAttachments:
The committee discussed the presentation.
There were no comments from the public.
4.2 CITY INVESTMENT PORTFOLIO
Presenters: Veronica Conner, Budget & Financial Analysis Manager Mike Frugoli, Budget & Financial Analyst
Purpose: Staff will provide an overview of the City’s investment portfolio, including monthly reporting, and the current policy.
Recommendation Action: Information
Investment Overview PresentationAttachments:
The committee discussed the presentation.
There were no comments from the public.
5. FUTURE AGENDA ITEMS
No future agenda items
6. ADJOURNMENT
Chair Stapp adjourned the meeting at 4:23pm
Approved: _____________
Shelley McClure, Recording Secretary