DRAFT MINUTES
CITY OF SEASIDE SPECIAL MEETING
CITY COUNCIL/ SUCCESSOR 440 HARCOURT AVE
AGENCY TO THE Tuesday, May 30, 2023
REDEVELOPMENT AGENCY 6:00 PM
1. CALL TO ORDER
Mayor/Chair Oglesby called the meeting to order at 6:00 p.m.
2. ROLL CALL – ESTABLISHMENT OF QUORUM
PRESENT: Burks, Garcia-Arrazola, Oglesby, Pacheco, Miller ABSENT: None
3. PLEDGE OF ALLEGIANCE
Led by Mayor Pro Tem/Vice Chair Pacheco.
4. REVIEW OF AGENDA
No changes.
5. PUBLIC COMMENT
None.
6. BUDGET STUDY SESSION
A. RECEIVE A PRESENTATION ON THE DRAFT FISCAL YEAR 2023-2024
OPERATING BUDGET, CAPITAL IMPROVEMENT PROGRAM, FEE
SCHEDULE, POSITION CONTROL LIST, SALARY SCHEDULE,
INVESTMENT POLICY AND RESERVE AMOUNTS AND PROVIDE
DIRECTION TO STAFF AS TO ANY CHANGES TO BE MADE PRIOR TO
ADOPTION
City Manager, Jaime Fontes provided the City Council with an overview of the accomplishments and budgetary impacts over the last fiscal year, which included a staffing update, listing of critical positions and the cost associated with the implementation of the strategic plan that the City adopted in November 2022. The economic conditions that affected the budget over the last fiscal year was also reviewed, noting high inflation, flattening of revenues and increasing costs, the continued growth of the PERS unfunded liabilities and the regional bank failures. The proposed budget provided a balanced operating budget of $46.2 million in revenue and 46.1 million in expenditures. The surplus of the proposed budget is $66,000.00 and $4.2 million of the fund balance is committed to infrastructure; also $1.1 million for recycled water at the golf course.
Finance Director, Victor Damiani reviewed the budget document and noted the improvements that included, the strategic plan being incorporated into the budget; Packet Page 7
Tuesday, May 30, 2023 City Council SPECIAL Meeting Page 2 and that the final budget will be updated to assign CIP costs to “Enhanced Physical Infrastructure” priority area. The proposed changes to the fiscal policies included:
• Clarify policy on automatic rollovers – “All other appropriations are subject to review and approval by the City Council with each successive budget and are not considered automatically recurring”; and
• Investment Policy – Kept requirement that broker dealers have an office in CA but removed requirement that transactions be executed in CA (too restrictive).
Co-term Investment Policy with Budget approval; and
• Added Street Repair Funding Policy.
There were no comments from the public.
The following departments made presentations concerning their budget and responded to questions from the Council:
City Council, City Manager’s Office, and City Clerk/Public Affair’s Office was presented by City Clerk Dominique Davis.
The City Attorney’s Office was presented by City Attorney Sheri Damon.
The Human Resources/Risk Management Department was presented by Human Resources Analyst Samantha Sakhrani.
The Finance Department was presented by Assistant Finance Director, Jessie Riley.
The Community, Housing & Economic Development Department was presented by Community & Economic Development Planning Manager Andrew Myrick, and Housing Program Manager Alexia Rapoport.
The Building & Code Enforcement Department was presented by Chief Building Official David Little.
The Police Department was presented by Police Chief Nick Borges.
7. ADJOURNMENT
With no further business, the meeting adjourned at 9:00 p.m.
Respectfully submitted,
_________________________ _________________________
Dominique L. Davis, City Clerk Ian N. Oglesby, Mayor
Packet Page 8