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Long-Term Financial Policy and Audit Subcommittee

Regular Meeting

Santa Rosa, CA · July 12, 2018

AgendaMinutes

Minutes

City Hall City of Santa Rosa 100 Santa Rosa Ave, Room 7 Santa Rosa, CA 95404 Long Term Financial Policy and Audit Subcommittee Regular Meeting Minutes - Final Thursday, July 12, 2018 4:00 PM 1. CALL TO ORDER AND ROLL CALL The meeting was called to order by Mayor Coursey at 4:07 pm. Present: 3 - Chris Coursey, Chris Rogers and John Sawyer Also Present: City Manager Sean McGlynn and Deputy Director of Finance Alan Alton. 2. PUBLIC COMMENTS 3. APPROVAL OF MINUTES Regular Meeting Minutes - June 14, 2018. Attachments: Regular Meeting Minutes - June 14, 2018 A motion was made by Rogers, seconded by Sawyer, to approve as submitted. The motion carried by the following vote: Yes: 3 - Coursey, Rogers and Sawyer 4. SCHEDULED ITEMS 4.1 - UPDATE ON REVENUE MEASURES - Deputy Director of Finance Alan Alton provided updates regarding Revenue Options that will be going to City Council on July 24, 2018. 4.2 - REAL PROPERTY TRANSFER TAX (RPTT) - Deputy Director of Finance Alan Alton initiated discussion regarding RPTT. 4.2 Public Comment(s) - Hugh Futrell addressed the committee and asked that they refer to the e-mail memo submitted in June which outlined a draft policy increasing RPTT percentages over time to affordable housing development. 5. NEXT MEETING AGENDA ITEMS Local Preference City of Santa Rosa Regular Meeting Minutes Page 2 of 2 Long Term Financial Policy and Regular Meeting Minutes - Final July 12, 2018 Audit Subcommittee 6. ADJOURNMENT The meeting was adjourned by Mayor Coursey at 4:56 pm. Approved on: August 16, 2018 /s/ Dina Manis, Recording Secretary

Agenda

City Hall City of Santa Rosa 100 Santa Rosa Ave, Room 7 Santa Rosa, CA 95404 LONG TERM FINANCIAL POLICY AND AUDIT SUBCOMMITTEE REGULAR MEETING AGENDA AND SUMMARY REPORT - FINAL JULY 12, 2018 4:00PM 1. CALL TO ORDER AND ROLL CALL 2. PUBLIC COMMENTS Except for public hearing agenda items, the public may comment on all agenda items and on items not on the agenda but within the jurisdiction of the Long Term Financial Policy and Audit Subcommittee at this time. Comments will be heard on specific agenda items at the time the item is called. The public may comment on public hearing agenda items when the hearing is opened. Each speaker is allowed three minutes. 3. APPROVAL OF MINUTES Regular Meeting Minutes - June 14, 2018. 4. SCHEDULED ITEMS 4.1 - UPDATE ON REVENUE MEASURES - Acting Chief Financial Officer Alan Alton will provide update regarding Revenue Options. 4.2 - REAL PROPERTY TRANSFER TAX (RPTT) - Acting Chief Financial Officer Alan Alton will initiate discussion regarding RPTT. 5. NEXT MEETING AGENDA ITEMS 6. ADJOURNMENT The City of Santa Rosa does not discriminate on the basis of disability in the admissions or access to, or treatment of or employment in, its programs or activities. Disability-related aids or services, including printed information in alternate formats, to enable persons with disabilities to participate in public meetings and programs are available by contacting Finance Department at (707) 543-3140 prior to the meeting. Any writing or documents provided to a majority of the Long Term Financial Policy and Audit Subcommittee regarding any item on this agenda can be made available for public inspection upon request to finance@srcity.org.

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