637 First Street City of Santa Rosa Santa Rosa, CA 95404 Long-Term Financial Policy and Audit
Subcommittee
Regular Meeting Minutes - Draft
Thursday, April 9, 2026 4:00 PM
1. CALL TO ORDER AND ROLL CALL
The meeting was called to order my Chair Stapp at 4:00 PM.
Present: 3 - Chair Mark Stapp, Caroline Bañuelos, and Jeff Okrepkie Also present: Chief Financial Officer Scott Wagner, City Manager Lori Ann Farrell, Assistant City Manager Jason Nutt, Budget Manager Veronica Conner, Chief Assistant City Attorney Autumn Luna
2. REMOTE PARTICIPATION UNDER THE BROWN ACT (Gov. Code § 54953.8)
3. PUBLIC COMMENTS
None.
4. APPROVAL OF MINUTES
Approved as submitted.
Attachments: Regular Meeting Minutes 3-17-26 DRAFT
5. SCHEDULED ITEMS
5.1 CALPERS PENSION UNFUNDED LIABILITY EXPENSES OVERVIEW
AND POTENTIAL COST AVOIDANCE STRATEGIES
Presenter: Scott Wagner, Chief Financial Officer, Finance Department, Michael Myer, Vice President, NHA Advisors
Purpose: A presentation led by the Chief Financial Officer, in partnership with Michael Myer of NHA Advisors, to analyze the historical and projected future obligations of CalPERS pension costs impacting the General Fund, and to evaluate strategic options to provide cost avoidance.
Recommendation: Information
Attachments: Presentation
City of Santa Rosa
Regular Meeting Minutes
Long-Term Financial Policy and April 9, 2026
Audit Subcommittee
Regular Meeting Minutes - Draft
The subcommittee discussed the presentation.
received and filed
5.2 GENERAL FUND FISCAL YEAR 2026-27 BUDGET DEVELOPMENT UPDATE
Presenters: Scott Wagner, Chief Financial Officer, Finance Department Purpose: A presentation by the Chief Financial Officer to provide an update on fiscal year 2026-27 General Fund budget development.
Recommendation: Information
Attachments: Presentation (Uploaded 4-10-26)
The subcommittee discussed the presentation.
Janice Karrman spoke on a non-agenda related matter.
received and filed
6. FUTURE AGENDA ITEMS
The next regular meeting on May 14, 2026 will be cancelled. The next regular scheduled meeting will be June 11, 2026.
7. ADJOURNMENT
The meeting was adjourned by Member Okrepkie at 5:35 PM.
Approved on:
_______________________________
Victoria Luna
Recording Secretary