File #: 18-113    Version: 1 Name: Finance Committee Highlights for January 30, 2018
Type: Minutes Status: Passed
In control: Finance Committee
Meeting Date: 3/19/2018 Final action: 3/19/2018
Enactment date: Enactment #:
Title: Highlights of the Finance Committee Meeting of January 30, 2018
Sponsors: David Baum Finance Director
Attachments: 1. 2018 Finance Comm 10 Year Forecast 1-30-18 (004)
Title
Highlights of the Finance Committee Meeting of January 30, 2018

Body
CITY OF SAN LEANDRO

FINANCE COMMITTEE

January 30, 2018
5:30 - 7:00p.m.

San Leandro City Hall
835 East 14th Street
San Leandro, California
(Sister Cities Gallery)

HIGHLIGHTS

1. CALL TO ORDER

Mayor Cutter called the meeting to order at 5:30 p.m.

1.A. Attendance

Committee members present: Mayor Cutter, Councilmember Hernandez, Councilmember Lee

City staff present: Assistant City Manager Kay, Finance Director Baum, Budget & Compliance/ Risk Manager Perini

Public present:


1.B. Announcements
None

2. DISCUSSION ITEMS

2.A. 18-051 General Fund Forecast - 10 Years
Assistant City Manager Kay introduced the discussion of the 10 year forecast. The forecast is intended to model how assumptions can impact the City based on different scenarios and use the forecast as a tool to assist with fiscal changes in assumptions and/or policies. As discussed at the City Council Planning Retreat, there is interest in hiring a consultant to work with City staff on this project.

Councilmember Lee stated that he agrees with hiring a consultant to assist with creating a forecast model that can be used for years to come.

Councilmember Hernandez asked if the forecast model would be Excel based or built for the City. Finance Director Baum stated that he has spoken with a couple of consultants and was told by one consultant that a forecast model (20 year) can be built utilizing Microsoft Excel and anyone who is proficient will be able to manipulate the data within the model. The second consultant stated that a "tailor made" forecast table will be built specifically for the City of San Leandro, which resembles the table the City currently uses however would be more robust and have more people refining to allow the table to be used repeatedly. Mr. Baum stated that an RFP (Request for Proposals) would be solicited from various consultants and based on the proposals, a consultant would be c...

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