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• Meeting Minutes <br /> June 2, 2004 <br /> Town of Los Altos Hills <br /> City Council Special Meeting <br /> Wednesday, June 2, 5:00 P.M. <br /> Council Chambers, 26379 Fremont Road <br /> 1. CALL TO ORDER, ROLL CALL,AND PLEDGE OF ALLEGIANCE <br /> Mayor Cheng called the Special Meeting of the City Council to order at 5:00 p.m. in the <br /> Council Chambers at Town Hall. <br /> Present: Mayor Emily Cheng, Councilmember Bob Fenwick, Councilmember <br /> Breene Kerr(joined meeting at 5:15 pm) and Councilmember Dean <br /> Warshawsky <br /> Absent: Mayor Pro Tem Mike O'Malley, <br /> Staff: City Manager Maureen Cassingham, City Attorney Steve Mattas, Planning <br /> Director Carl Cahill, Acting City Engineer/Director of Public Works Dave <br /> is Ross, Administrative Services Director Sarah Joiner, Accountant/Office <br /> Manager Cindy Higby and Ci nClerk Karen Jost <br /> Committee: Finance and Investment Committee Members Lalla Stark(Chair), Lall <br /> Jain, Craig Jones and Roy Rogers <br /> 2. STUDY SESSION WITH THE FINANCE AND INVESTMENT COMMITTEE <br /> REGARDING PROPOSED FY 04-05 OPERATING AND CAPITAL <br /> IMPROVEMENT BUDGET <br /> Administrative Services Director Sarah Joiner distributed a summary report to the <br /> Council and Finance and Investment Committee that included highlights of the proposed <br /> Operating and Capital Improvement Program Budgets for FY 2004-2005. Joiner <br /> explained that she was seeking input from the Council at the study session for any <br /> changes to the draft budget before them. She noted that the Finance and Investment <br /> Committee had met and reviewed the budget and a Public Hearing on the budget had <br /> been scheduled for the Special City Council Meeting of June 16, 2004. Council will <br /> consider adoption of the budget at that meeting. Joiner added that the budget would <br /> return to Council mid-year for review and adjustments. <br /> Craig Jones, Finance and Investment Committee, offered the suggestion that Council <br /> consider approving the budget with a contingency appropriation that could be drawn from <br /> during the year for additional expenditures. The Committee and City Council concurred <br /> that this was a good suggestion and would be considered. It was agreed that the Town <br /> should have a goal of a balanced budget with stable reserves. <br />