Loading...
HomeMy WebLinkAbout02.15.2023 SP Minutes @9:30MINUTES �oUTx„S� SPECIAL MEETING BUDGET STANDING COMMITTEE c9LIF0OF THE CITY OF SOUTH SAN FRANCISCO P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, California 94083 Call to Order. Roll Call. AGENDA REVIEW WEDNESDAY, FEBRUARY 15, 2023 9:30 a.m. Teleconference via Zoom Budget Standing Committee may meet by teleconference, consistent with the Brown Act as amended by AB 361 (2021. Under the amended rules, the City will not provide a physical location for members of the public to participate in the teleconference meeting. Time: 9:30 a.m. PRESENT: Mayor Nicolas and Councilmember Addiego. No changes to the agenda per Interim City Manager Ranals. REMOTE PUBLIC COMMENTS None. MATTERS FOR CONSIDERATION Motion to approve the Minutes for the meeting of May 23, 2022. Motion — Councilmember Addiego / Second — Mayor Nicolas: to approve the minutes. The motion carried unanimously. 2. Report presenting Fiscal Year (FY) 2022-23 Mid -Year Financial Report as of December 31, 2022, and proposed budget amendments for FY 2022-23 City Operating and Capital Improvement Program (CIP) Budgets (Karen Chang, Director of Finance) Director of Finance Chang presented the FY 2022-23 budgeted revenues and total receipts through December 31, 2022, and said the summary shows we are doing well in the second quarter. She pointed out the sales tax, Transient Occupancy Tax, license, and permits are doing good and mentioned there are areas such as intergovernmental that are not doing so great. In saying that, they adjusted their projected proposal according to those areas. Director Chang proposed revenue adjustments and stated Department Heads could now review their requests in detail. She provided a summary of each request by department and category; and stated that this is not a 4 -year request and in fact is more like a 3 -month request and the impact on the payroll for 2023-24 is about $2.7 million. The Non -General Fund Appropriation Request is about $2 million that is not funding from General Fund. Mayor Nicolas and Councilmember Addiego provided comments and feedback. Director of Finance Chang said she would incorporate comments and present it for the February 22, 2023, meeting to present it to council and thanked council for the opportunity to present. ADJOURNMENT Being no further business, Mayor Nicolas adjourned the meeting at 10:19 a.m. Approved by: r - - Flor Nicolas Mayor Approved by the Budget Standing Committee: hi S / 03 / 2OZ5 SPECIAL BUDGET STANDING COMMITTEE MEETING MAY 23, 2022 MINUTES PAGE 2