Finance Commission

1/12/2021 - Minutes I. Call to Order Members Present: Jean Szilva, Matt Francis, Maurice Matte, Steven Berbeco, Susan Eddy, Sheldon Goodwin City Staff Present: Mayor Kristine Lott, City Manager Jesse Baker, Finance Director Angela Aldieri, Finance staff Alex Anastasi-Hill Guests Present: N/A Call to Order by: Shelden Meeting Start Time: 5:33 PM Minutes Recorded by: Susan Eddy II. Public Comment None III. Approve Previous Meeting Minutes Decision: Approved Motion by: Jean Szilva Second: Steven Berbeco IV. Discussion: Commissions Review of Master Plan Goals Mayor Lott updated the FC with the efforts to coordinate the Master Plan Goals between the Commissions and City Council. V. Discussion/Approval: Fund Balance Reserve Policy City staff presented the FC with a draft of the Fund Balance Reserve Policy. The FC asked questions and suggested changes to the policy. Staff will revise the draft policy and bring back to the FC at a future meeting for review. VI. Discussion: FY22 Budget Update City staff presented the FC with an update to the budget review process. VII. Adjourn Motion by: Maurice Matte Second: Jean Szilva Meeting End Time: 6:40 PM