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Minutes 2014 05-19 DRAFT CITY OF POWAY, CALIFORNIA MINUTES OF THE BUDGET REVIEW COMMITTEE REGULAR MEETING May 19, 2014 The May 19, 2014, Regular Meeting of the Budget Review Committee was called to order at 6:12 p.m. by Brett Ames at the Poway City Council Chambers Observation Room, 13325 Civic Center Drive, Poway, California. 1. COMMITTEE MEMBERS PRESENT Brett Ames Mary Cross Barry Leonard Peter Murray Steven Stone COMMITTEE MEMBERS ABSENT None STAFF MEMBERS PRESENT Interim City Manager Tina White Director of Administrative Services Scott Edwards Assistant Director of Administrative Services Peter Moote 2. PUBLIC ORAL COMMUNICATIONS None COMMITTEE BUSINESS 3. Approve Meeting Minutes (May 12, 2014 Committee Meeting) The Committee reviewed and approved the minutes for the May 12, 2014 meeting. 4. Discussion - Retirement Structure Staff distributed a schedule of the City’s current retirement rates, which conveyed both the employer and employee contribution amounts as well as participation levels at each plan tier. Tina White and Scott Edwards provided an overview of the City’s pension plans, the PERS and PARS systems, and the City’s implementation of pension reform measures prior to the California Public Employees’ Pension Reform Act. Committee discussion included public perception issues associated with public pensions that do not generally apply to the City of Poway. Additionally, Committee Budget Review Committee Minutes Regular Meeting May 19, 2014 Page 2 of 2 discussion included the benefits now being realized from the City’s early implementation of pension reform measures, staffing level reductions, and the long term outlook of the retirement program. 5. Discussion – Financial Policy Amendment Concerning Annual Redevelopment Property Tax Trust Funds (RPTTF) Scott Edwards directed the Committee’s attention to the draft Financial Policy amendments previously distributed to the Committee. The Committee discussed the amendments, including possible thresholds for the allocation of RPTTF sources for community reinvestment. Brett Ames called for the members to directly provide staff with any requested language changes to the proposed amendments in advance of the Committee’s next meeting. Barry Leonard and Steven Stone confirmed their acceptance of the amendments, as proposed. 6. Discussion – Annual Report of Recommendations to the City Council The Committee discussed possible recommendations for their report to Council; drawing from Scott Edwards’ crosswalk of Committee initiated topics, the community survey responses, and Town Hall Budget Meeting content, including: • Optimization of facility use (i.e., the Center for the Performing Arts) • Community reinvestment (e.g., full construction of Espola Road improvements) • The Economic Development program • Means of communicating the City’s overall favorable financial position, including pension program funding and the absence of retiree medical benefits Brett Ames led a discussion regarding the logistics for finalizing recommendations to be included in the report. This resulted in scheduling another meeting for June 2, 2014, at which time the Committee would discuss a draft report to be prepared by Brett and distributed to the Committee by staff in advance of the meeting. CHAIR AND COMMITTEE MEMBER – INITIATED ITEMS None ADJOURNMENT Chair Ames adjourned the meeting at 9:58 pm. Scott Edwards Director of Administrative Services