HomeMy WebLinkAboutFebruary 4Finance and Investment Committee Meeting
Town of Los Altos Hills
City Council Chambers
Monday, February 4, 2008
The meeting was called to order at 5:08 p.m. by Chair Jean Mordo.
Members present: Chair Jean Mordo, Frank Lloyd, Stan Mok, Roddy Sloss, Lalla Stark,
Jim Lai
Members absent: Wilf Corrigan, Karl Kneip, Doug Norby
Staff present: Nick Pegueros, Cindy Higby
Alan Epstein - resident
Approval of minutes: The minutes from the December 11, 2007 meeting were read and
approved as submitted.
Property Tax presentation:
Paula Cone, HdL – recommendation to use 3.9% growth factor for 2008-09.
Receive presentation of the 2007 Comprehensive Annual Financial Statement:
A.J. Major, CPA – Vavrinek, Trine, Day & Co. LLP – discussion of new auditing standards
going into effect in the FY2008 audit
Receive finance director’s summary reports on:
Mid-year financial report - transmitted
Town investments – memo from PFM - transmitted
2008-09 budget preparation calendar – April 21st FIC review, possible review on May 5th
Update on garbage franchise proposals:
Jean Mordo
Nominations for new FIC Officers (Chair and Vice Chair):
Chair nomination: Jim Lai nominated Roddy Sloss for chair – vote was unanimous
confirming Roddy as chair
Vice Chair: Frank Lloyd nominated Stan Mok – vote was unanimous confirming Stan as
vice chair
Adjournment - The meeting adjourned at 7:15 p.m.