HomeMy WebLinkAbout02.11.2019 SP Minutes @5:00MINUTES
SPECIAL MEETING
BUDGET STANDING
COMMITTEE
ZIFOOF THE
CITY OF SOUTH SAN FRANCISCO
P.O. Box 711 (City Hall, 400 Grand Avenue)
South San Francisco, California 94083
Meeting to be held at:
CITY HALL, CITY MANAGER'S
CONFERENCE ROOM
400 GRAND AVENUE
SOUTH SAN FRANCISCO, CA
MONDAY, FEBRUARY 11, 2019
5:00 p.m.
Call to Order. Time: 5:02 p.m.
Roll Call. PRESENT: Councilmembers Addiego and Nicolas.
PUBLIC COMMENTS — None.
MATTERS FOR CONSIDERATION
Motion to approve the Minutes from the meeting of November 5, 2018.
MOTION Councilmember Nicolas and Councilmember Addiego seconded a motion to approve the
minutes from the meeting of November 5, 2018. The motion carried unanimously.
2. Report regarding Fiscal Year 2018-19 mid -year budget. (Justin Lovell, Acting Financial Services
Manager)
Interim Financial Services Manager Lovell presented the 2018-19 mid -year budget. He stated there would
be $111.6 million in revenue by the end of FY 2018-19 with an additional $6.8 million in committed
reserves.
Councilmember Nicolas inquired about the process of calculating the 2018-19 year to date expenses.
Manager Lovell explained the year to date is through December 31 st.
Manager Lovell discussed the $875,000 of expenditure budget increases between City Manager's Office,
Finance, Human Resources, Economic and Community Development, Fire, Parks and Recreation and
Information Technology.
City Manager Futrell stated the surplus is $1.2 million after the City moves $300,000 into reserves. The
City's policy is to maintain a reserve that is equal to 20 percent of revenues.
Councilmember Nicolas asked how the surplus and expenditures compared to previous years. Acting
Finance Director Crosby stated that they were almost the same as last year. Manager Lovell stated there
weren't any additional expenditures that were off from what they would typically see at this time of year.
City Manager Futrell stated he met with the Superintendent Moore regarding the $100,000 for the HVAC
unit at the Community Learning Center. He advised meeting with the school district to extend the lease
an additional five (5) years in exchange for improvement on their building.
Councilmember Addiego requested information on the value of the Community Learning Center. City
Manager Futrell stated that staff would research and report back to Council.
Manager Lovell stated he would be presenting the mid -year budget report to the City Council at the
February 27, 2019 Council meeting.
Councilmember Addiego suggested the Budget Standing Committee select a department to dive a little
deeper in order to help them familiarize themselves with the department's budget.
ADJOURNMENT
Being no further business, Councilmember Addiego adjourned the meeting at 5:25 p.m.
SubmiZedb
Gabri Rodriguez, Deputy City Clerk
City of South San Francisco
BUDGET STANDING COMMITTEE MEETING
MINUTES
Approved by:
W ik M4;tSp
Committee Member
City of South San Francisco
FEBRUARY 11, 2019
PAGE 2