Finance Commission

TOWN OF LOS GATOS FINANCE COMMISSION AGENDA MAY 11, 2026 110 EAST MAIN STREET TOWN COUNCIL CHAMBERS 5:30 PM Ashby Monk, Chair Adam Fischer, Vice Chair Phil Koen, Commissioner Linda Reiners, Commissioner Joseph Rodgers, Commissioner Maria Ristow, Vice Mayor Matthew Hudes, Council Member IMPORTANT NOTICE This is a hybrid meeting and will be held in-person at the Town Council Chambers at 110 E. Main Street and virtually through Zoom Webinar (log-in information provided below). Members of the public may provide public comments for agenda items in-person or virtually by following the instructions listed below or at the end of the agenda. To watch and participate via Zoom, please go to: https://losgatosca-gov.zoom.us/j/84834011781?pwd=rHVGvPbwjNaaM6U6ZB5AbaZUF1ToV9.1 Enter passcode: 998589 CALL MEETING TO ORDER ROLL CALL CONSENT ITEMS (Items appearing on the Consent are considered routine Town business and may be approved by one motion. Members of the public may provide input on any Consent Item(s) when the Chair asks for public comment on the Consent Items. Each speaker is limited to no more than three (3) minutes or such time as authorized by the Chair.) 1. Approve the Minutes of the April 13, 2026, Finance Commission Regular Meeting 2. Approve the Minutes of the April 27, 2026, Finance Commission Special Meeting 3. Approve the Minutes of the May 4, 2026, Finance Commission Special Meeting 4. Receive the Monthly Financial and Investment Report for March 2026 VERBAL COMMUNICATIONS (Members of the public are welcome to address the Commission on any matter that is not listed on the agenda and is within the subject matter jurisdiction of the Commission. During special meetings, members of the public are welcome to address the Commission only on items listed on the agenda. Town resources may not be used to facilitate audio or visual presentations. To ensure all agenda items are heard, this portion of the agenda is limited to 30 minutes. 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. Each speaker is limited to no more than three (3) minutes or such time as authorized by the Chair.) Page 1 OTHER BUSINESS (Each speaker is limited to no more than three (3) minutes or such time as authorized by the Chair.) 5. Receive the Foster and Foster Independent Actuarial Reports as of June 30, 2024 6. Continue to Review, Discuss, and Make Recommendations on the Preliminary Proposed FY 2026-27 Operating and Capital Budget ADJOURNMENT ADA NOTICE - In compliance with the Americans with Disabilities Act, if you require special assistance to participate in this meeting, please contact the Clerk’s Office at (408) 354-6834. Please notify the Clerk’s Office at least two (2) business days prior to the meeting so that reasonable arrangements can be made to ensure accessibility in compliance with 28 CFR §35.102- 35.104 and related provisions. NOTICE REGARDING SUPPLEMENTAL MATERIALS - Materials related to an item on this agenda submitted to the Commission after initial distribution of the agenda packets are available for public inspection in the Clerk’s Office at Town Hall, 110 E. Main Street, Los Gatos and on the Town’s website at www.losgatosca.gov. Town Commission agendas and related materials can be viewed online at https://losgatos-ca.municodemeetings.com/. HOW TO PARTICIPATE The public is welcome to provide oral comments in real-time during the meeting in three ways: Zoom Webinar (Online): Join from a PC, Mac, iPad, iPhone or Android device. Please click this URL to join: https://losgatosca- gov.zoom.us/j/84834011781?pwd=rHVGvPbwjNaaM6U6ZB5AbaZUF1ToV9.1 Passcode: 998589 You can also type in 848 3401 1781 in the “Join a Meeting” page on the Zoom website at zoom.com and use passcode 998589. 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. Telephone: Please dial 1 (855) 758-1310 for US Toll-free or 1 (408) 961-3927 for US Toll. (Meeting ID: 848 3401 1781) If you are participating by calling in, press *9 on your telephone keypad to raise your hand. In-Person: Please complete a “speaker’s card” located on the back of the chamber benches and return it to the Town Clerk before the meeting or when the Chair announces the item for which you wish to speak. NOTES: Comments will be limited to three (3) minutes or less at the Chair’s discretion. If you are unable to participate in real-time, you may email to Clerk@losgatosca.gov the subject line “Public Comment Item #__ ” (insert the item number relevant to your comment). All comments received will become part of the record. Deadlines to submit written comments are: -3:00 p.m. the business day before the Commission meeting for inclusion in an addendum. -11:00 a.m. on the day of the Commission meeting for inclusion in a desk item. Page 2