Finance Commission

Finance Commission City of Huntington Beach Wednesday, June 28, 2023 2000 Main Street 5:00 PM - Regular Meeting Huntington Beach, CA 92648 AGENDA Civic Center, Lower Level, Room B-7 SUNNY HAN, Acting Chief Financial Officer FRANK LO GRASSO, Chair SERENA BUBENHEIM, Acting Assistant Chief BILLY HAMILTON, Vice-Chair Financial Officer DAVID CICERONE, Commissioner THUY VI, Finance Management Aide JAMIE CRAVER, Commissioner SHARI SARAYE, Finance Senior Administrative KELLY GATES, Commissioner Assistant FRANK LO GRASSO, Commissioner JANET MICHELS, Commissioner ROBERT STERNBERG, Commissioner A. CALL TO ORDER / ROLL CALL / PLEDGE OF ALLEGIANCE B. PUBLIC COMMENTS The City welcomes public comments on agendized or non-agendized items but please note that the Finance Commission can take no action on this date, unless the item is agendized. Each speaker may have up to 3 minutes unless the volume of speakers warrants reducing the time allowance and cannot donate time to others. Individuals wishing to speak may do so in one of two ways: 1. In-Person: Fill out a Request to Speak form delivered to the Staff Liaison. Once the Chair opens Public Comments, participants will be called in the order forms are received. 2. In Writing: Submit written comments via email to tvi@surfcity-hb.org by 2:00 PM on the day of the meeting. All written communications will be forwarded to the Finance Commission and recorded as supplemental communication. C. APPROVAL OF MINUTES C1. One-Day Citizens Academy for Boards, Commissions & Committees Special Meeting Minutes of May 19, 2023 – approval requested 23-560 One-Day Citizens Academy for Boards, Commissions & Committees Special Meeting Minutes of May 19, 2023 Attachments: BCC OneDay Citizens Academy- Special Meeting Minutes Page 1 of 2 Finance Commission AGENDA June 28, 2023 C2. Finance Commission Meeting Minutes of May 24, 2023 – approval requested 23-569 Finance Commission Meeting Minutes of May 24, 2023 Attachments: draft Minutes 5-24-23 1. U.S. Inflation Rates - Cicerone 2. Ad Hoc Committee Questions 3. Draft Request for Action Letter - Lo Grasso D. DISCUSSION ITEMS AND POTENTIAL RECOMMENDATIONS D1. Ad Hoc Committee Findings and Progress – Lo Grasso a) Real Estate Procedures Letter – Hamilton b) Key Issues/Questions - Cicerone D2. Pension Obligation Risk Mitigation Discussion – Michels D3. City Attorney Review of JPA Breakwater/Elan Agreements – Michels D4. Impact of Financial Settlements on City Budget – Michels D5. Cash Flow Statements – Cicerone D6. Review of Fiscal Year 2023/24 Budget - Craver E. COMMISSIONER COMMENTS F. ADJOURNMENT The next regularly scheduled meeting of the Finance Commission is Wednesday, July 26, 2023 at 5:00 p.m. in the Civic Center City Council Chambers, 2000 Main Street, 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