HomeMy WebLinkAboutSeptember 27
Finance and Investment Committee Special Meeting Agenda
Town of Los Altos Hills - 26379 Fremont Road, Los Altos Hills, California
Wednesday, September 27, 2017 12:30 p.m. Parks & Recreation Building
1.Roll call (introduction of guests in audience, if any)
2.Pension Plan prepayment report, August 2016 CalPERS actuarial valuation report and discussion and
recommendation for Council on type, amount and timing of Pension Prepayment funding – Doug Pryor, Bartel &
Associates, Karen Huang, Roddy Sloss
3.Report on recent Council activities of interest - Gary Waldeck (status: Short term rentals ordinance,
Organizational Committee recommendations status (refer to C Cahill report available with 9/21/17 Council
Agenda Item 8A), Standing Committee items – Charter updates and term limits.
4.Recent Finance Department activities of interest – Karen Huang: FIC Monthly Project Summary Report, FIC
Quarterly Financial Controls Report. Status: Printed Budget Book Status, Family Leave staffing plans, PFM
status on proposed investment policy changes, Annual audit update.
5.Approval of minutes – Special Meeting, Monday, September 11, 2017
6.Review of future meeting calendar and topics – All
Next Meeting, possible topics and dates: Pension prepayment investment strategy (Monday, 10/23/17 4p??);
CAFR Annual audit review (Monday, 11/13/17 4p??), Bickmore OPEB bi-annual report (Monday, January 9,
2018 4p)?? Topics for future meetings include: Workers Comp provider change, Review of long term capital
plans and related policies, prepayment of OPEB and Pension liabilities; Financial policy and procedures review;
Status of Planning and Building software (Filemaker replacement), Cost Recovery/Cost Allocation Study, LAH
Sewer rate study and updates to related published schedules and literature, review of FIC Monthly Project
Summary Report and review of Quarterly Finance Department report on financial controls.
7.Presentations from the floor
8.Adjournment
Notice to the Public
Any writings or documents provided to the Finance and Investment Committee regarding any item on the open
session portion of the agenda will be made available for public inspection at the Town Clerk’s office, 26379 Fremont
Road, Los Altos Hills during normal business hours.
Distribution:
Public posting by Deborah Padovan
Email distribution by Deborah Padovan to Committee members and other invited attendees: Carl Cahill (Town
Manager), Allan Epstein, Karen Huang (Finance Manager), Kjell Karlsson, Betty Kayton, Jim Lai (Associate
Member), Pak Lin, (Administrative Services Director), Frank Lloyd (Associate Member), Susan Mason, Christopher
Nam, Stan Mok, John Radford (Vice Mayor), Bill Silver, Roddy Sloss, and Gary Waldeck (Mayor), Chris Welborn
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