Finance Commission

TOWN OF LOS GATOS SPECIAL FINANCE COMMISSION MEETING AGENDA JANUARY 10, 2023 TELECONFERENCE 4:00 PM Ron Dickel, Chair Stacey Dell, Commissioner Andrew Howard, Commissioner Phil Koen, Commissioner Rick Tinsley, Commissioner Maria Ristow, Mayor Rob Rennie, Council Member IMPORTANT NOTICE This meeting is being conducted utilizing teleconferencing and electronic means consistent with Government Code Section 54953, as Amended by Assembly Bill 361, in response to the state of emergency relating to COVID-19 and enabling teleconferencing accommodations by suspending or waiving specified provisions in the Ralph M. Brown Act (Government Code § 54950 et seq.). Consistent with AB 361 and Town of Los Gatos Resolution 2021-044, this meeting will not be physically open to the public and the Council will be teleconferencing from remote locations. Members of the public can only participate in the meeting by joining the Zoom webinar (log in information provided below). PARTICIPATION To provide oral comments in real-time during the meeting: During the meeting:  Zoom webinar: Join from a PC, Mac, iPad, iPhone or Android device: Please click this URL to join: https://losgatosca- gov.zoom.us/j/82738399126?pwd=Y0lOMnNhMVpUdFRpL2h4Mlc0eU1nZz09. Passcode: 308063. You can also type in 827 3839 9126 in the “Join a Meeting” page on the Zoom website at https://zoom.us/join and use passcode 308063.  Join by Telephone: Dial: USA 636 651 0008 US Toll-free or 877 336 1839 US Toll. Conference code: 686100. During the meeting:  When the Chair announces the item for which you wish to speak, click the “raise hand” feature in Zoom. If you are participating by phone on the Zoom app, press *9 on your telephone keypad to raise your hand. If you are participating by calling in, press #2 on your telephone keypad to raise your hand.  When called to speak, you will be asked to provide your full name and your town/city of residence. This identifying information is optional and not a requirement for participation. Please limit your comments to three (3) minutes, or such other time as the Chair may decide, consistent with the time limit for speakers at a Council meeting. If you are unable to participate in real-time, you may email to Clerk@losgatosca.gov and in the subject line “Finance Commission Public Comment Item #__ ” (insert the item number relevant to your comment) or “Finance Commission Verbal Communications – Non-Agenda Item.” Comments received by 11:00 a.m. the day of the meeting will be reviewed and distributed before the meeting. All comments received will become part of the record. Page 1 RULES OF DECORUM AND CIVILITY To conduct the business of the community in an effective and efficient manner, please follow the meeting guidelines set forth in the Town Code and State law. The Town does not tolerate disruptive conduct, which includes but is not limited to: · Addressing the Commission without first being recognized; · Interrupting speakers, Commissioners, or Town staff; · Continuing to speak after the allotted time has expired; · Failing to relinquish the microphone when directed to do so; · Repetitiously addressing the same subject. Town Policy does not allow speakers to cede their commenting time to another speaker. Disruption of the meeting may result in a violation of Penal Code Section 403. MEETING CALLED TO ORDER ROLL CALL REMOTE LOCATION PARTICIPANTS The following Commissioners are listed to permit them to appear electronically or telephonically at the Finance Commission meeting: CHAIR RON DICKEL, COMMISSIONER STACEY DELL, COMMISSIONER ANDREW HOWARD, COMMISSIONER PHIL KOEN, COMMISSIONER RICK TINSLEY, COUNCIL MEMBER MARIA RISTOW, and COUNCIL MEMBER ROB RENNIE. All votes during the teleconferencing session will be conducted by roll call vote. CONSENT ITEMS (Items appearing on the Consent Items are considered routine Town business and may be approved by one motion. Any member of the Commission may request to have an item removed from the Consent Items for comment and action. Members of the public may provide input on any or multiple Consent Item(s) when the Chair asks for public comments on the Consent Items. If you wish to comment, please follow the Participation Instructions contained on Page 2 of this agenda. If an item is removed, the Chair has the sole discretion to determine when the item will be heard.) 1. Approve Draft Minutes of the December 12, 2022, Special Finance Commission Meeting 2. Receive Monthly Investment Reports for October and November 2022 VERBAL COMMUNICATIONS (Members of the public are welcome to address the Commission on any matter that is not listed on the agenda, pursuant to the Participation Instructions on Page 1 of this agenda. To ensure all agenda items are heard and unless additional time is authorized by the Chair, this portion of the agenda is limited to 30 minutes and no more than three (3) minutes per speaker. In the event additional speakers were not able to be heard during the initial Verbal Communications portion of the agenda, an additional Verbal Communications will be opened prior to adjournment.) Page 2 OTHER BUSINESS (Up to three minutes may be allotted to each speaker on any of the following items.) 3. Selection of Finance Commission Chair and Vice Chair 4. Approve the Finance Commission Meeting Dates and Times for 2023 5. Review the Town’s Draft Financial Transactions Report for Submittal to the State Controller. 6. Discussion of First Quarter Key Performance Indicators (KPIs) 7. Review and Recommend to the Town Council Changes to the Town’s Operating Portfolio Investment Policy 8. Review the Finance Commission 2022 Workplan and Discuss the 2023 Workplan ADJOURNMENT Page 3