Finance Committee

City of Riverside Committee Members: Steve Hemenway Finance Committee Chair Steven Robillard Agenda en Espanol Vice Chair Philip Falcone Agenda Member Meeting Date: Wednesday, February 12, 2025 3:00 PM City Hall - Art Pick Council Chamber Publication Date: Friday, January 31, 2025 MISSION STATEMENT The City of Riverside is committed to providing high quality municipal services to ensure a safe, inclusive, and livable community. Spanish interpreters will be available in person and via phone. To participate virtually, two options are available: VIA TELEPHONE: Call (951) 826-8686 and follow the prompts to access your desired language. Press *9 to be placed in the queue to speak. Individuals in the queue will be prompted to unmute by pressing *6 to speak. VIA ZOOM: Use the following link: https://zoom.us/j/93149443969 Select the "raise hand" function to request to speak. An on screen message will prompt you to "unmute" and speak. Public comments are limited to 3 minutes. Please follow along via the telephone or Zoom options above to ensure you call in at the appropriate time for your item(s). Public comments regarding items on this agenda or any matters within the jurisdiction of the City Council may be emailed to City_Clerk@riversideca.gov. City of Riverside Page 1 Finance Committee Agenda February 12, 2025 Pursuant to the City Council Meeting Rules adopted by Resolution No. 24076, the Members of the City Council and the public are reminded that they must preserve order and decorum throughout the Meeting. In that regard, Members of the City Council and the public are advised that any delay or disruption in the proceedings or a refusal to obey the orders of the City Council or the presiding officer constitutes a violation of these rules. The City of Riverside is committed to fostering a workplace that provides dignity, respect, and civility to our employees, customers, and the public they serve. The City of Riverside wishes to make all of its public meetings accessible to the public. Upon request, this agenda will be made available in appropriate alternative formats to persons with disabilities, as required by 42 U.S.C. §12132 of the Americans with Disabilities Act of 1990. Any person with a disability who requires a modification or accommodation in order to participate in a meeting should direct such request to the City's ADA Coordinator at (951) 826-2211 at least 72 hours before the meeting, if possible. Agenda related writings or documents provided to the City Council are available in the Office of the City Clerk, at www.riversideca.gov/meeting, and in the binder located near the entrance of the Art Pick Council Chamber while the meeting is in session. PLEASE NOTE The numerical order of items on this agenda is for convenience of reference. Items may be taken out of order upon request of the Mayor or Members of the City Council. CHAIR CALLS MEETING TO ORDER PUBLIC COMMENT Audience participation is encouraged. Public comments are limited to 3 minutes. 1 To comment on any matters within the jurisdiction of the Committee, you are invited to participate in person or call (951) 826-8686 and follow the prompts to access your language of preference. Press *9 to be placed in the queue to speak. Individuals in the queue will be prompted to unmute by pressing *6 when you are ready to speak. To participate via ZOOM, use the following link: https://zoom.us/j/93149443969. Select the "raise hand" function to request to speak. An on-screen message will prompt you to "unmute" and speak. City of Riverside Page 2 Finance Committee Agenda February 12, 2025 DISCUSSION CALENDAR Audience participation is encouraged. Public comments are limited to 3 minutes. 2 Budget Engagement Commission Workplan (All Wards) (10-minute presentation) Larry Burns, Budget Engagement Commission Chair 3 Fiscal Year 2025-26 State Governor’s Budget proposal overview (All Wards) (10-minute presentation) Sergio Aguilar, Deputy Finance Director 4 Fiscal Year 2023-24 Self-insurance Trust Funds annual financial review (All Wards) (10-minute presentation) Ryan Carter, Controller COMMUNICATIONS 5 Legislative update 6 Items for future Finance Committee consideration as requested by Members of the Committee ********* The next Finance Committee meeting is scheduled for March 12, 2025, at 3:00 p.m. Committee meetings broadcast with closed captioning available on AT&T Channel 99, Charter Spectrum Channel 3, and Frontier Cable Channel 21 View live Webcast of the Committee meetings at: www.RiversideCA.gov/Meeting.com or www.WatchRiverside.com ********* Sign up to receive critical information such as unexpected road closures, utility outages, missing persons, and evacuations of buildings or neighborhoods. www.RiversideAlert.com City of Riverside Page 3