CITY COUNCIL BUDGET AND FINANCE COMMITTEE MEETING

Docusign Envelope ID: F00FE6B9-CDC0-8933-833C-C3660ED0C001 CITY OF LAKE FOREST PARK BUDGET AND FINANCE COMMITTEE MEETING MINUTES April 16, 2026 It is noted that this meeting was held in person in the Emergency Operations Center at City Hall and virtually via Zoom. Budget & Finance Committee members present: Semra Riddle, Chair; Paula Goode, Vice Chair; Matt Muilenburg Budget & Finance Committee members absent: none Other Councilmembers present: Tracy Furutani, Larry Goldman, Josh Rosenau (via Zoom) Staff present: Tom French, Mayor; Phillip Hill, City Administrator; Lindsey Vaughn, Finance Director; Nova Heaton, Public Works Director; Jessica Halterman, Deputy City Clerk Others present: 1 visitor CALL TO ORDER Chair Riddle called the April 16, 2026, Budget and Finance Committee meeting to order at 6:00 p.m. ADOPTION OF AGENDA Chair Riddle called for comments or amendments to the agenda. There being none, the agenda was adopted by unanimous consent PUBLIC COMMENT Chair Riddle invited comments from the public. There being no one in the audience wishing to speak, Chair Riddle closed public comment. DIRECTOR’S REPORT Budget Monitoring and Financial Update – March 2026 Director Vaughn reviewed the March financial reports and responded to questions. Capital Improvement Plan update Director Heaton introduced a draft Capital Improvement Plan report and responded to Council questions. Budget and Finance Committee Meeting Minutes Approved by Council April 16, 2026 April 23, 2026 Docusign Envelope ID: F00FE6B9-CDC0-8933-833C-C3660ED0C001 Continued budget discussion regarding City Financial Outlook and Budget Strategies Director Vaughn gave a brief presentation. Council discussion followed and staff responded to questions. ADJOURNMENT There being no further business, Chair Riddle adjourned the meeting at 7:30 p.m. Semra Riddle, Chair Jessica Halterman, Deputy City Clerk 2 Budget and Finance Committee Meeting Minutes Approved by Council April 16, 2026 April 23, 2026