HomeMy WebLinkAbout02.05.2024 SP Minutes @4:00�1-1" s"^'F MINUTES
F v' SPECIAL MEETING
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BUDGET STANDING COMMITTEE
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OF THE CITY OF SOUTH SAN FRANCISCO
MONDAY, FEBRUARY 5, 2024
4:00 p.m.
City Hall, City Manager's Conference Room
400 Grand Avenue, South San Francisco, CA
CALL TO ORDER TIME: 4:01 p.m.
ROLL CALL PRESENT: Mayor Coleman
Councilmember Addiego
AGENDA REVIEW
None.
PUBLIC COMMENTS
None.
MATTERS FOR CONSIDERATION
1. Motion to approve the Minutes for the meeting of May 31, 2023.
Motion — Councilmember Addiego / Second — Mayor Coleman: to approve the minutes. The motion
carried unanimously.
2. Report presenting Fiscal Year (FY) 2023-24 Mid -Year Financial Report as of December 31,
2023, and proposed budget amendments for FY 2023-24 City Operating and Capital
Improvement Program (CIP) Budgets (Karen Chang, Director of Finance)
Finance Director Chang provided an overview of the FY 2023-24 Mid -Year Financial Results and
proposed amendments to the City Operating Budget and CIP Budget.
Councilmember Addiego inquired about interest rates and our ability to anticipate increases. Finance
Director Chang and Economic and Community Development Director Selander noted that developers
rushed to submit building permits in December of 2022 as the new building code went into effect
January of 2023 which led to a cycle of incomplete revisions and delays.
Councilmember Addiego requested clarification regarding the discretionary funds per district for
Council. Finance Director Chang and City Manager Ranal noted these funds were under the City
Manager Budget as it was a new allocation and will be under the City Council Budget in the new
fiscal year.
Councilmember Addiego requested explanations from departments who exceeded 50% of their
budgets to understand the expenditures. Fire Chief Magallanes, Economic and Community
Development Director Selandar, Police Chief Campbell, and Public Works Director Kim all provided
brief explanations.
Finance Director Chang noted that a factor in all payroll percentages include the one-time prepayment
to CalPERS which occurs in July. Mayor Coleman requested that these numbers be represented
without the inclusion of this payment to review the differences.
City Manager Ranals shared that all departments were directed to save 3% this year and highlighted
that departments were doing a good job.
Councilmember Addiego and Mayor Coleman provided requests and feedback to staff to include a
breakdown by district of maintenance funds, additional information, and reports to understand trends,
clarity in payroll expenditures, and exploration of revenue and tax categories.
ADJOURNMENT
Being no further business, Mayor Coleman adjourned the meeting at 4:59 p.m.
Submitted by:
Jazi7dfne Miranda
Assistant City Clerk
Approved by:
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James Coleman
Mayor
Approved by the Budget Standing Committee:
SPECIAL BUDGET STANDING COMNOTTEE MEETING FEBRUARY 5, 2024
MINUTES PAGE 2