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Budget Oversight Committee

Tuesday, August 9, 2022 · 3:00 PM AM · Teleconference

TL;DR

The Long Beach Budget Oversight Committee held a virtual meeting to review the city's financial status, focusing on the General Fund budget projections and the city's insurance program. The meeting was routine, with committee members approving minutes and receiving financial reports without significant controversy.

Key Decisions

  • Approve meeting minutes from August 2, 2022 Passed
  • Review of City's General Fund budget projection trends Received and Filed
  • Overview of City's Insurance Program financial status Received and Filed
Agenda PDF Minutes PDF

Agenda

  1. ROLL CALL (3:05 PM)
  2. FINISHED AGENDA & MINUTES
  3. BUDGET OVERSIGHT COMMITTEE MEETING VIA TELECONFERENCE PURSUANT TO AB 361 (GOV. CODE SECTION 54953(e)(1)-(2)
  4. CALL TO ORDER (3:05 PM)
  5. REGULAR AGENDA (3:06 PM)
  6. PUBLIC COMMENT (4:08 PM)
  7. ADJOURNMENT (4:08 PM)
  8. Also Present: Kevin Riper, Director of Financial Management; Grace Yoon, Budget Manager; Monica Kilaita, Deputy City Attorney; Tamela Austin, City Clerk Specialist; Alyssa Campos, City Clerk Specialist.
  9. 4. eComments received for the Budget Oversight Committee meeting of Tuesday, August 9, 2022.
    Agenda Item
    Action: received and filed

    This Agenda Item was received and filed.

  10. BUDGET OVERSIGHT COMMITTEE MEETING VIA TELECONFERENCE PURSUANT TO AB 361 (GOV. CODE SECTION 54953(e)(1)-(2) JOIN VIA ZOOM, PLEASE DIAL: (213) 338-8477 / MEETING ID: 925 0703 9875 https://longbeach-gov.zoom.us/j/92507039875 TO PROVIDE PUBLIC COMMENT IN THE ZOOM MEETING RAISE YOUR HAND BY CLICKING THE HAND ICON WHILE THE ITEM IS BEING READ BY THE CITY CLERK. FOR ADDITIONAL INFORMATION PLEASE VISIT HTTPS://WWW.LONGBEACH.GOV/CITYCLERK/ MEMBERS OF THE PUBLIC HAVE THE OPTION TO USE eCOMMENT TO PROVIDE COMMENTS ON AGENDA ITEMS. WRITTEN COMMENTS MAY ALSO BE SUBMITTED BY EMAIL TO CITYCLERK@LONGBEACH.GOV PLEASE VIEW THE MEETING FROM YOUR COMPUTER, TABLET, OR SMARTPHONE VIA: https://longbeach.granicus.com/ViewPublisher.php?view_id=84
  11. CALL TO ORDER
  12. ROLL CALL
  13. REGULAR AGENDA
  14. 1. Recommendation to approve the minutes for the Budget Oversight Committee meeting held Tuesday, August 2, 2022.
    Agenda Item
    Action: approve recommendation Passed

    A motion was made by Chair Austin, seconded by Member Price, to approve recommendation. The motion carried by the following vote:

  15. 2. Recommendation to receive and file a review of the City's General Fund budget projection trends and implications.
    Agenda Item
    Action: approve recommendation Passed

    A motion was made by Chair Austin, seconded by Vice Chair Uranga, to approve recommendation. The motion carried by the following vote:

  16. 3. Recommendation to receive and file an overview of the City’s Insurance Program and financial status.
    Agenda Item
    Action: approve recommendation Passed

    A motion was made by Chair Austin, seconded by Vice Chair Uranga, to approve recommendation. The motion carried by the following vote:

  17. PUBLIC COMMENT
  18. ADJOURNMENT
  19. I, Tamela Austin, City Clerk Specialist, certify that the agenda was posted not less than 72 hours prior to the meeting.
  20. NOTE: The agenda and supporting documents are available on the Internet at www.longbeach.gov. Agenda items may be reviewed in the Office of the City Clerk or online at the Main Library and at the Branch Libraries. Persons interested in obtaining an agenda via e-mail should subscribe to the City of Long Beach LINKLB System at www.longbeach.gov/linklb. E-Mail correspondence can be directed to cityclerk@longbeach.gov. If a special accommodation is desired pursuant to the Americans with Disabilities Act, or if you need the agenda provided in an alternate format, please phone the Office of the City Clerk at (562) 570-6101 by 12 noon Monday, the day prior to the meeting. Inquire at the City Council Chamber Audio-Visual Room for an assistive listening device. ta