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Finance Commission Subcommittee

Regular Meeting

Los Gatos, CA · June 30, 2021

AgendaPacketMinutes

Minutes

TOWN OF LOS GATOS MEETING DATE: 7/29/2021 FINANCE SUBCOMMITTEE ITEM NO: AGENDA REPORT Minutes of the Finance Subcommittee Meeting June 30, 2021 The Finance Subcommittee of the Finance Commission of the Town of Los Gatos conducted a regular meeting via teleconference via COVID-19 Shelter in Place Guidelines on Wednesday, June 30, 2021, at 4:00 p.m. MEETING CALLED TO ORDER AT 4:00 P.M. ROLL CALL Present: Chair Loreen Huddleston, Commissioner Stacey Dell, and Council Member Matthew Hudes. (All participating remotely.) Absent: None Staff Present: Town Manager Laurel Prevetti, Assistant Town Manager Arn Andrews, Finance Director Stephen Conway, Finance and Budget Manager Gitta Ungvari. CONSENT ITEMS (TO BE ACTED UPON BY A SINGLE MOTION) None. VERBAL COMMUNICATIONS None. OTHER BUSINESS 1. Appoint Vice Chair. MOTION: Motion by Commissioner Huddleston to nominate Stacey Dell for Vice Chair. Seconded by Commissioner Dell. VOTE: Motion passed unanimously. 2. Identify and Discuss Goal(s) of the Subcommittee. Subcommittee members discussed the goals of the Subcommittee. The Subcommittee prefers to perform a deeper dive into narrow topics. In addition, the Subcommittee can research issues identified by the Finance Commission and Town Council and report back for the full Commission. The Subcommittee sees its role as an information gathering body as opposed to recommending body. Opened Public Comment. 110 E. Main Street Los Gatos, CA 95030 ● 408-354-6832 www.losgatosca.gov PAGE 2 OF 2 SUBJECT: Minutes of the Finance Sub-Committee Meeting of June 30, 2021 DATE: July 29, 2021 None. 3. Identify and Discuss the Potential Work Plan Items for the Sub-Committee. The Finance Subcommittee would like to understand the Town’s financial processes, procedures, and policies. The Subcommittee would like to better understand the development of the Annual Financial Report, Budget, and budget assumptions. Staff volunteered to draft flowcharts and provide links to policies. The Finance Subcommittee would also work any items as appropriate. Opened Public Comment. None. 4. Identify and Discuss Subcommittee Schedule and Other Operational Parameters. The Finance Subcommittee decided to conduct a regular monthly meeting. Staff will coordinate with the Subcommittee members on the exact schedule of the meetings. ADJOURNMENT: The meeting adjourned at 5:09 p.m. This is to certify that the foregoing is a true and correct copy of the minutes of the June 30, 2021 meeting as approved by the Finance Subcommittee. /s/Gitta Ungvari, Finance and Budget Manager

Agenda

TOWN OF LOS GATOS FINANCE COMMISSION SUB-COMMITTEE AGENDA JUNE 30, 2021 110 EAST MAIN STREET LOS GATOS, CA 4:00 PM Loreen Huddleston, Chair Stacey Dell, Commissioner Matthew Hudes, Council Member IMPORTANT NOTICE REGARDING THE JUNE 30, 2021 FINANCE COMMISSION SUB-COMMITTEE MEETING This meeting is being conducted utilizing teleconferencing and electronic means consistent with State of California Executive Order N-29- 20 dated March 17, 2020, regarding the COVID- 19 pandemic. In accordance with Executive Order N-29- 20, the public may only view the meeting online and not in the Council Chamber. PARTICIPATION If you are interested in providing oral comments real-time during the meeting, you must join the Zoom webinar.  Join from a PC, Mac, iPad, iPhone or Android device: click this link to join: . https://losgatosca- gov.zoom.us/j/89300030756?pwd=ZjNQbGlaeXhjK1BsNTNrUTdVa3NDZz09 Passcode: 497476. You can also type in 893 0003 0756 in the “Join a Meeting” page on the Zoom website at https://zoom.us/join.  Join by Telephone: Dial: 877-336-1829 US Toll-free or USA 636 651 0002 US Toll  Conference code: 986172 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, 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 Commission meeting. If you are unable to participate in real-time, you may email to PublicComment@losgatosca.gov with the subject line “Public Comment Item #__ ” (insert the item number relevant to your comment) or “Verbal Communications – Non Agenda Item.” Comments will be reviewed and distributed before the meeting if received by 11:00 a.m. on the day of the meeting. All comments received will become part of the record. Page 1 of 2 TOWN OF LOS GATOS FINANCE COMMISSION SUB-COMMITTEE AGENDA JUNE 30, 2021 110 EAST MAIN STREET LOS GATOS, CA 4:00 PM REMOTE LOCATION PARTICIPANTS (The following Committee Members are listed to permit them to appear electronically or telephonically at the Finance Commission Sub-Committee meeting: CHAIR LOREEN HUDDLESTON, COMMISSIONER STACEY DELL, AND COUNCIL MEMBER MATTHEW HUDES. All votes during the teleconferencing session will be conducted by roll call vote.) MEETING CALL TO ORDER ROLL CALL VERBAL COMMUNICATIONS (Members of the public are welcome to address the Sub- Committee on any matter that is not listed on the 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.) OTHER BUSINESS (Up to three minutes may be allotted to each speaker on any of the following items by following the Participation Instructions on page 1 of this agenda.) 1. Appoint Vice Chair. 2. Identify and Discuss Goal(s) of the Sub-Committee. 3. Identify and Discuss the Potential Work Plan Items for the Sub-Committee. 4. Identify and Discuss Sub-Committee Schedule and Other Operational Parameters. ADJOURNMENT Page 2 of 2

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