Alexis Motonaga Torrance Finance and
Governmental Operations Committee
Minute Secretary December 16, 2024
December 16, 2024
MINUTES OF REGULAR MEETING OF THE
TORRANCE FINANCE AND GOVERNMENTAL
OPERATIONS COMMITTEE AGENDA
1. CALL MEETING TO ORDER
The Torrance Finance and Governmental Operations Committee convened in a regular session at 4:30 p.m. on Monday, December 16, 2024, in the LeRoy J. Jackson Council Chambers.
ROLL CALL
Present: Committee Member Kalani, Committee Member Sheikh, and Chair Kaji
Also Present: Assistant City Manager Santana, Finance Director Poisson, Assistant Finance Director Pabalan, Deputy City Manager Ian Dailey
2. FLAG SALUTE
Members of the committee led the Pledge of Allegiance.
3. WELCOME AND INTRODUCTIONS
Members of the committee spoke.
4. REPORT OF STAFF ON THE POSTING OF THE AGENDA
Finance Director Poisson stated that the agenda was posted on the Public Notice Board at 3031 Torrance Boulevard and on the City’s website on Monday, December 9, 2024.
5. CONSENT CALENDAR
5A. APPROVAL OF MINUTES OF FEBRUARY 27, 2024
MOTION: A roll call vote was taking to approve the meeting minutes of February 27, 2024 and the motion carried unanimously.
6. ADMINISTRATIVE MATTERS
Finance Director Poisson announced that items 6A and 6B would be presented together, but the motions for each item would be taken separately.
6A. ACCCEPT AND FILE FISCAL YEAR 2024-25 FIRST QUARTER BUDGET REVIEW REPORT.
1) ACCEPT AND FILE THE FISCAL YEAR 2024-25 FIRST QUARTER BUDGET REVIEW REPORT.
2) RECOMMEND TO CITY COUNCIL TO ACCEPT AND FILE THE FISCAL YEAR 2024- 25 FIRST QUARTER BUDGET REVIEW REPORT.
Finance Director presented the 2024-25 First Quarter Budget Review Report which included actuals through September 30, 2024.
Members of the Committee spoke.
Alexis Motonaga Torrance Finance and
Governmental Operations Committee
Minute Secretary December 16, 2024
MOTION: A roll call vote was taken to accept and file the Fiscal Year 2024-25 First Quarter Budget Review Report, and the motion carried unanimously.
6B. APPROVE PROPOSED FISCAL YEAR 2024-25 FIRST QUARTER PROGRAM MODIFICATIONS.
1) APPROVE THE PROPOSED PROGRAM MODIFICATION IN THE CITY COUNCIL’S FISCAL YEAR 2024-25 GENERAL FUND OPERATING BUDGET IN THE AMOUNT OF $141,908; AND
2) APPROVE THE PROPOSED PROGRAM MODIFICATION IN THE CITY MANAGER’S OFFICE’S FISCAL YEAR 2024-25 GENERAL FUND-MEASURE SST FUND OPERATING BUDGET IN THE AMOUNT OF $102,447; AND
3) APPROVE THE PROPOSED PROGRAM MODIFICATIONS IN THE COMMUNITY SERVICES DEPARTMENT’S FISCAL YEAR 2024-25 GENERAL FUND
OPERATING BUDGET IN THE AMOUNT OF $13,457; AND
4) APPROVE THE PROPOSED PROGRAM MODIFICATION IN THE FINANCE DEPARTMENT’S FISCAL YEAR 2024-25 GENERAL FUND OPERATING BUDGET IN THE AMOUNT OF $265; AND
5) APPROVE THE PROPOSED PROGRAM MODIFICATIONS IN THE GENERAL SERVICES DEPARTMENT’S FISCAL YEAR 2024-25 GENERAL FUND
OPERATING BUDGET IN THE AMOUNT OF $46,091; AND
6) APPROVE THE PROPOSED PROGRAM MODIFICATIONS IN THE PUBLIC WORKS DEPARTMENT’S FISCAL YEAR 2024-25 GENERAL FUND OPERATING BUDGET IN THE AMOUNT OF $93,906; AND
7) APPROVE THE PROPOSED PROGRAM MEDICATION IN THE PUBLIC WORKS DEPARTMENT’S FISCAL YEAR 2024-25 SANITATION FUND OPERATING BUDGET IN THE AMOUNT OF $71,034; AND
8) APPROVE THE PROPOSED INCREASE TO THE AIRPORT CAPITAL FUND’S FISCAL YEAR 2024-25 OPERATING REVENUE BUDGET IN THE AMOUNT OF $2,500,000; AND
9) APPROVE THE PROPOSED INCREASE TO THE AIRPORT CAPITAL FUND’S FISCAL YEAR 2024-25 OPERATING EXPENDITURE BUDGET IN THE AMOUNT OF $2,500,000; AND
10) APPROVE THE PROPOSED INCREASE TO THE SEWER FUND’S FISCAL YEAR 2024-25 OPERATING EXPENDITURE BUDGET IN THE AMOUNT OF $200,000; AND
11) RECOMMEND TO CITY COUNCIL THE APPROVAL OF THE PROPOSED FISCAL YEAR 2024-25 FIRST QUARTER PROGRAM MODIFICATIONS.
Finance Director Poisson presented the proposed program modifications on Item 6B.
Members of the Committee spoke
MOTION: A roll call vote was taken to approve the recommendations for all program modifications and the motion carried unanimously.
6C. ACCEPT AND FILE FISCAL YEAR 2024-25 FIRST QUARTER INVESTMENT PORTFOLIO REPORT.
1) ACCEPT AND FILE THE FISCAL YEAR 2024-25 FIRST QUARTER INVESTMENT PORTFOLIO REPORT; AND
2) RECOMMEND TO CITY COUNCIL TO ACCEPT AND FILE THE FISCAL YEAR 2024-
Alexis Motonaga Torrance Finance and
Governmental Operations Committee
Minute Secretary December 16, 2024
25 FIRST QUARTER INVESTMENT PORTFOLIO REPORT.
City Treasurer Tim Goodrich presented the First Quarter Investment Portfolio Report on Item 6C.
Members of the Committee spoke.
Members of the public spoke.
MOTION: A roll call vote was taken to accept and file the Fiscal Year 2024-25 First Quarter Investment Portfolio Report and the motion carried unanimously.
6D. REVIEW AND APPROVE DEPARTMENT KEY PERFORMANCE INDICATORS FOR CALENDAR YEAR 2025.
1) REVIEW AND APPROVE THE KEY PERFORMANCE INDICATORS (KPIS) FOR THE CITY’S DEPARTMENTS; AND
2) RECOMMEND TO CITY COUNCIL TO ACCEPT AND FILE THE KPIS.
Finance Director Poisson presented the proposed department KPIs on Item 6D.
Members of the Committee spoke.
MOTION: Committee Member Sheikh moved to approve key performance indicators.
Committee Member Kalani seconded the motion; a roll call vote reflected a 3-0 approval.
6E. PROVIDE DIRECTION REGARDING FISCAL YEAR 2025-27 OPERATING BUDGET & CAPITAL IMPROVEMENT PLAN PRIORITIES.
Recommendation of the Finance Director that the Finance and Governmental Operations Committee provide direction regarding the Fiscal Year 2025-27 Operating Budget & Capital Improvement Plan Priorities.
Finance Director Poisson presented the proposed budget priorities on Item 6E.
Members of the Committee spoke.
MOTION: Committee Member Kalani moved to provide direction regarding budget plan priorities. Committee Member Sheikh seconded the motion; a roll call vote reflected a 3-0 approval.
7. ORAL COMMUNICATIONS
None.
8. CLOSING REMARKS
Members of the committee spoke.
Alexis Motonaga Torrance Finance and
Governmental Operations Committee
Minute Secretary December 16, 2024
9. ADJOURNMENT
MOTION: Committee Member Kalani moved to adjourn the meeting at 5:50 p.m. on December 16, 2024. Committee Member Sheikh seconded the motion; a roll call vote reflected a 3-0 approval.
Approved as submitted
February 27, 2025
s/ Rebecca Poirier, City Clerk
(ty)