CELESTAME OTTO
NED E DAVIS KELLY HONIG SUSAN MCSWEENEY BRAD HALPERN RAY PEARL Mayor Mayor Pro Tem Councilmember Councilmember Councilmember
MINUTES
Study Session - April 10, 2024
CALL TO ORDER:
This Study Session meeting of the Westlake Village City Council was called to order by Mayor Davis on Wednesday, April 10, 2024 at 4:39 p.m., at 31200 Oak Crest Drive, Westlake Village.
ROLL CALL:
PRESENT: Councilmembers Pearl, Halpern, McSweeney, Mayor Pro Tem Honig, and Mayor Davis
ABSENT: None
Also Present: City Manager de Geus, Assistant City Attorney Young, Assistant City and Deputy City Clerk Kramer.
PUBLIC COMMENTS: None
STUDY SESSION:
1. FISCAL YEAR 2024-25 BUDGET STUDY SESSION - REVIEW OF CAPITAL
IMPROVEMENT PROGRAM (CIP) PROJECTS, CIP FUND POLICY AND
FINANCIAL RESERVE POLICY
City Manager de Geus introduced the Fiscal Year (FY) 2024-2025 Capital Improvement Program (CIP) explaining that to prepare the draft CIP, the Five-Year plan is reviewed and used to develop the one-year budget allocation, adding City Council Goals and Objectives, maintenance of existing City infrastructure, and maintaining the City's CIP reserve.
City Engineer Hughes presented the FY 2024-2025 CIP plan, representing 23 projects at a cost of $7.7 million in the following categories:
City Council Study Session Minutes
City of Westlake Village April 10, 2024 2
STUDY SESSION (continued):
• Recurring CIP Projects (7 projects totaling $2,547,000) • Park Improvements (6 projects totaling $685,000)
• Sidewalk Improvements (1 project totaling $2,000,000) Streetscape Improvements (1 projects totaling $750,000) • Other Projects (8 projects totaling $1,725,000)
Ms. Hughes reviewed each project category addressing City Council questions.
Ms. Hughes reviewed the draft Five-Year CIP from 2024-2025 through 2028-2029 showing projections for future projects and their anticipated future funding requirements. Lastly, the CIP Fund and Reserve Policy were discussed for possible adjustments.
City Council encouraged that all budget numbers are realistic to avoid budget adjustments mid-year, approved the FY 2024-2025 CIP projects to be incorporated into the preliminary citywide budget and proposed no modifications to the CIP Fund or Reserve Policy.
City Manager de Geus thanked City Council for their input, stating the next step in the budget process is a Study Session on May 8, 2024 for the Operations Budget.
ADJOURNMENT:
Mayor Davis adjourned the meeting at 5:36 p.m. to the regular session scheduled for 6:30 p.m.
keed
Ned E Davis, Mayor
Attest:
Choe Kamer
Carol Kramer, Deputy City Clerk
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CORATED DECE
CALIFORNIA