REGULAR MEETING OF THE CITY OF BELMONT
FINANCE COMMISSION
THURSDAY, NOVEMBER 3, 2005 7:30 P.M.
CITY HALL, SUITE 360
ONE TWIN PINES LANE, BELMONT

AGENDA 

1.  Call to order.

2.  Roll call.

3.  Oral communication/public comment.

This agenda category is limited to 15 minutes to be allocated as determined by the Finance Commission Chair. If you wish to address the Commission please submit your name and address and give it to the Secretary.  If your subject is not on the agenda, the Finance Commission Chair will recognize you at this time.

4.  Agenda amendments (if any).

5.  Consent calendar.

Consent calendar items are considered to be routine and will be enacted by one motion.  There will be no separate discussion on these items unless members of the Committee, staff or public request specific items to be removed for separate action.

   a.  Approval of October 13^th minutes.
          Recommended action: Adopt motion approving minutes.

   b.  Monthly financial report – August and September 2005.
        i.  Financial statements
        ii.  Purchasing & disbursement reporting
        Recommended action: Adopt motion note and file reports.

   c.  Monthly Treasurer’s report – September 2005.
        Recommended action: Adopt motion note and file reports.

6.  FY 2006 Budget  - Discussion and Direction Regarding Police Department Staffing Plan  – Director Fil and Police Chief Mattei
     Recommended action: Consider report and provide direction.

7.  Discussion and Recommendation regarding issuance of $7.5 million in Sewer Revenue Bonds – Director Fil and Financial Advisor Schaefer (Invited).

8.  Treatment and Disposition of the SBWMA (BFI Payment) – Director Fil
     Recommended action:
            Alternative 1:  Deposit funds into General Fund
            Alternative 2:  Create & deposit funds into Solid Waste Fund
            Alternative 3:  Apply payment as a credit towards refuse rates
            Alternative 4:  Combination of any of the above.

9.  Discussion of Finance Commission Serving as Audit Committee, including Public Company Audit Committee Charters – Commissioner Loo.

10.  Reports from Chair & Commissioners 
      a.  City Council matters – Chair Ledoux
         i.  Meeting calendar
         ii. Strategic Role of Finance Commission Discussion
             a  Brainstorm Session Part II
                 i  Follow up and Refinement
                 ii Consensus Building
                 iii Implementation Strategy

11.  Adjournment.
      Recommended action:  Adopt motion adjourning meeting.

In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the City Clerk at (650) 595-7413.  The speech and hearing-impaired may call 650/637-2999 for TDD services.  Notification in advance of the meeting will enable the City to make reasonable arrangements to ensure accessibility to this meeting.

4/5ths majority is required to vote upon an urgency measure.

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