HomeMy WebLinkAboutApril 21
Finance and Investment Committee Meeting
Town of Los Altos Hills
Parks & Recreation Center
Monday, April 21, 2008
The meeting was called to order at 5:05 p.m. by Chair Roddy Sloss.
Members present: Chair Roddy Sloss, Jean Mordo, Frank Lloyd, Stan Mok, Lalla Stark,
Jim Lai, Wilf Corrigan, Karl Kneip
Members absent: Doug Norby
Staff present: Carl Cahill, Nick Pegueros, Cindy Higby
Public present: Alan Epstein
Approval of minutes: The minutes from the April 7, 2008 meeting were read and
approved as submitted.
Report by Jean Mordo – recent city council activities of interest:
Naming committee to select name for Bullis Purissima school – nostalgia re: Bullis
Purissima school name.
Report by Nick Pegueros:
Budget FY2008-09 – proposed
Revenue – property tax estimate – assumes 3.9% growth
Expenditure – primary factor in budget increase is the 2.8% COLA - $54,000
Election $27,000
Developer deposits – recommend be moved to a separate fund
Jean Mordo – would like to keep the old FTE allocation method to maintain historical baseline
Re: parks & recreation – consider increasing fees – fee should cover the
Program cost – Town can provide the facility.
Carl Cahill – said if revenues fail to materialize – option is to cut back on CIP projects,
Maintain roads
Presentation from the floor: none
Adjournment - The meeting adjourned at 6:40 p.m.
Minutes taken by Cindy Higby. – minutes approved 5/12/08 meeting.