Finance Commission

TOWN OF LOS GATOS FINANCE COMMISSION AGENDA FEBRUARY 13, 2023 TELECONFERENCE 5:00 PM Rick Tinsley, Chair Stacey Dell, Commissioner Andrew Howard, Commissioner Phil Koen, Vice Chair Linda Reiners, 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/87815622661?pwd=cVg3elVreWJjTmxIS25FQmsxS1Y4QT09 Passcode: 754629. You can also type in 878 1562 2661 in the “Join a Meeting” page on the Zoom website at https://zoom.us/join and use passcode 754629.  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). 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  TOWN OF LOS GATOS FINANCE COMMISSION AGENDA FEBRUARY 13, 2023 TELECONFERENCE 5:00 PM REMOTE LOCATION PARTICIPANTS The following Commissioners are listed to permit them to appear electronically or telephonically at the Finance Commission meeting: CHAIR RICK TINSLEY, COMMISSIONER STACEY DELL, COMMISSIONER ANDREW HOWARD, VICE CHAIR PHIL KOEN, COMMISSIONER LINDA REINERS, MAYOR MARIA RISTOW, and COUNCIL MEMBER ROB RENNIE. All votes during the teleconferencing session will be conducted by roll call vote. 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 Finance Commission without first being recognized; · Interrupting speakers, Finance 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 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 January 10, 2023, 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. Review and Recommend to the Town Council Changes to the Town’s Investment Policy 4. Review and Recommend Changes for Town Council Consideration Regarding the Proposed Additional Information for the Monthly Financial and Investment Report (December 2022) 5. Review and Provide Comments to the Town Council Regarding Mid-Year Budget Report 6. Review and Provide Comments to the Town Council Regarding the Five-Year Forecast (FY 2023/24 – 2027/28) and Scenarios and Provide Input for the FY 2023/24 Budget Direction 7. Review the Finance Commission 2022 Workplan and Discuss the 2023 Workplan ADJOURNMENT IN COMPLIANCE WITH THE AMERICANS WITH DISABILITIES ACT, IF YOU NEED SPECIAL ASSISTANCE TO PARTICIPATE IN THIS MEETING, PLEASE CONTACT THE CLERK DEPARTMENT AT (408) 354-6834. NOTIFICATION 48 HOURS BEFORE THE MEETING WILL ENABLE THE TOWN TO MAKE REASONABLE ARRANGEMENTS TO ENSURE ACCESSIBILITY TO THIS MEETING [28 CFR §35.102-35.104] Page 3