Finance Commission

Finance Commission City of Huntington Beach Wednesday, September 25, 2019 2000 Main Street 5:00 PM - Regular Meeting Huntington Beach, CA 92648 AGENDA Room B-7, Lower Level CHUCK ADAMS, Interim Chief Financial Officer RON STERUD, Chair CAROL MOLINA-ESPINOZA, Acting Assistant Chief FRANK LO GRASSO, Vice-Chair Financial Officer CHARLIE BUNTEN, Commissioner LINDA WINE, Finance Administrative Assistant STEPHANIE GLEDHILL, Commissioner THUY VI, Finance Administrative Assistant JAY HUDSON, Commissioner LAURA ROMERO, Commissioner GRACEY VAN DER MARK, Commissioner A. CALL TO ORDER / ROLL CALL / PLEDGE OF ALLEGIANCE B. PUBLIC COMMENTS Anyone wishing to speak during PUBLIC COMMENTS must fill out and submit a form to speak. The Finance Commission can take no action on this date, unless the item is agendized. Anyone wishing to speak on items not on today’s agenda, may do so during PUBLIC COMMENTS. Please note comments on closed public hearing items will not be part of the permanent entitlement record. Speakers on items scheduled for PUBLIC HEARING will be invited to speak during the public hearing. (3 MINUTES PER PERSON, NO DONATING OF TIME TO OTHERS) C. APPROVAL OF MINUTES 1. Finance Commission Meeting Minutes of June 26, 2019 – approval requested. 2. Finance Commission Meeting Minutes of July 24, 2019 – approval requested. 19-968 Finance Commission Meeting Minutes of June 26, 2019 and July 24, 2019 Attachments: Draft Minutes 6.26.19.pdf Draft Minutes 07.24.19.pdf D. PRESENTATIONS Page 1 of 2 Finance Commission AGENDA September 25, 2019 E. DISCUSSION ITEMS AND POTENTIAL RECOMMENDATIONS 1. Finance staff will provide an update of the budget balancing recommendations that the Finance Commission provided to the City Council, and the City Council’s response. 2. As directed by the City Council, study the impact of California Public Employee Retirement System’s (CalPERS) Environmental, Social, or Governance (ESG) policy on Huntington Beach’s unfunded pension liability, then report back to the City Council with an estimate of what amount of the City’s unfunded liability is due to or was increased by CalPERS’ ESG policies. F. COMMISSIONER COMMENTS G. ADJOURNMENT The next regularly scheduled meeting of the Finance Commission is Wednesday, October 23, 2019, at 5:00 p.m., Lower Level Conference Room B-8, Huntington Beach, California. INTERNET ACCESS TO THE FINANCE COMMISSION AGENDA AND STAFF REPORT MATERIAL IS AVAILABLE PRIOR TO FINANCE COMMISSION MEETINGS AT: https://huntingtonbeach.legistar.com/ MEETING ASSISTANCE NOTICE: In accordance with the Americans with Disabilities Act, services are available to members of our community who require special assistance to participate in public meetings. If you require special assistance, 48-hour prior notification will enable the City to make reasonable arrangements for an assisted listening device (ALD) for the hearing impaired, American Sign Language interpreters, a reader during the meeting and/or large print agendas. Please contact the Finance Department at 714-536-5200 for more information, or request assistance from the recording secretary at the meeting. Page 2 of 2