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TORRANCE
FINANCE AND GOVERNMENTAL OPERATIONS
COUNCIL COMMITTEE
AGENDA
Thursday, December 11, 2025
REGULAR MEETING
3:30 P.M.
LeROY J. JACKSON COUNCIL CHAMBER
3031 TORRANCE BLVD.
In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the City Manager’s office at (310) 618-5880. Notification 48 hours prior to the meeting will enable the City to make reasonable arrangements to ensure accessibility to this meeting. [28CFR35.102-35.104 ADA Title II]
Direct questions or concerns to the City Council at (310) 618-2801, City Manager at (310) 618-5880, or the individual department head prior to submission to the City Council. Parties will be notified if the complaint will be included on a subsequent agenda.
PARTICIPATE BEFORE THE MEETING by submitting a public comment on the OneMeeting Public Portal at https://torranceca.primegov.com/public/portal?fromiframe=true. Hard copies of public comment may be submitted to the City Clerk’s Office during regular business hours. All comments submitted before Thursday, December 11, 2025 at 12:00 p.m., will be published for public review prior to the meeting. Comments received after the deadline, but prior to the adjournment of the meeting will be added to the record.
The agenda was posted on the Public Notice Board at 3031 Torrance Blvd and on the City’s Website on Monday, December 8, 2025 /s/ Rebecca Poirier
THE FINANCE AND GOVERNMENTAL OPERATIONS COUNCIL COMMITTEE MAY TAKE ACTION ON ANY ITEM LISTED ON
THE AGENDA
1. CALL TO ORDER
ROLL CALL: ____ Chair Kaji ____ Kalani ____ Sheikh Aram Chaparyan, City Manager
2. PLEDGE OF ALLEGIANCE
Councilmember Kalani
3. WELCOME AND INTRODUCTIONS
Councilmember Kaji, Chair
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4. CONSENT CALENDAR
Matters listed under the Consent Calendar are considered routine and will be enacted by one motion and one vote.
There will be no separate discussion of these items. If discussion is desired, that item will be removed by a Committee Member from the Consent Calendar and considered separately
4A. Finance – Approve Meeting Minutes of February 26, 2025. Expenditure: None.
Recommendation of the Finance Director that the Finance and Governmental Operations Committee approve the meeting minutes of February 26, 2025.
5. ADMINISTRATIVE MATTERS
Ian Dailey, Finance Director
5A. Finance – Accept and File Fiscal Year 2025-26 First Quarter Budget Review Report and Approve Proposed Fiscal Year 2025-26 First Quarter Program Modifications. Expenditure: $3,672,663 (General Fund and Non-General Fund).
Recommendation of the Finance Director that the Finance and Government Operations Committee:
1. Accept and file the Fiscal Year 2025-26 First Quarter Budget Review Report; and
2. Approve the proposed program modifications in the fiscal year 2025-26 operating expenditure budget in the amount of $3,672,663 in the City Attorney’s Office, City Manager’s Office, Community Development Department, Community Services Department, Finance Department, General Services Department, Non-Departmental, Police Department, Public Works Department, and Transit Department; and
3. Approve the proposed increase to the General Fund’s fiscal year 2025-26 operating revenue budget in the amount of $877,028; and
4. Approve the proposed increase to the General Fund’s fiscal year 2025-26 operating expenditure budget in the amount of $567,602; and
5. Approve the proposed decrease to the Fleet Services Fund’s fiscal year 2025-26 operating revenue and expenditure budget in the amount of $(194,654); and
6. Approve the proposed increase to the Airport Fund’s fiscal year 2025-26 operating revenue budget in the amount of $876,600; and
7. Approve the proposed increase to the Airport Fund’s fiscal year 2025-26 operating expenditure budget in the amount of $1,791,600; and
8. Appropriate funds to a newly created project in the amount of $100,000; and
9. Recommend to City Council to accept and file the Fiscal Year 2025-26 First Quarter Budget Review Report; and
10. Recommend to City Council the approval of the proposed fiscal year 2025-26 first quarter program modifications and budget adjustments.
5B. Finance - Provide Direction Regarding Fiscal Year 2026-27 Operating Budget & Capital Improvement Plan Priorities. Expenditure: None.
Recommendation of the Finance Director that the Finance and Governmental Operations Committee provide direction regarding the Fiscal Year 2026-27 Operating Budget & Capital Improvement Plan Priorities.
5C. City Treasurer - Accept and File Fiscal Year 2025-26 First Quarter Investment Portfolio Report.
Expenditure: None.
Recommendation of the City Treasurer that the Finance and Governmental Operations Committee accept and file the Fiscal Year 2025-26 First Quarter Investment Portfolio Report.
5D. Finance - Accept and File an Update for the California Public Employees’ Retirement System Pension Update. Expenditure: None.
Recommendation of the Finance Director that the Finance and Governmental Operations Committee accept and file an update on the California Public Employees’ Retirement System.
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6. ORAL COMMUNICATIONS
This portion of the meeting is reserved for comment on items not on the agenda or on topics of general interest to the public that are within the subject matter jurisdiction of the Finance and Governmental Operations Council Committee. Under the Ralph M. Brown Act, the Finance and Governmental Operations Council Committee cannot act on items raised during public comment but may respond briefly to statements made or questions posed; request clarification; or refer the item to staff.
7. CLOSING REMARKS
Aram Chaparyan, City Manager
8. ADJOURNMENT
Councilmember Kaji, Chair