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Budget Oversight Committee

Tuesday, July 25, 2023 · 11:30 AM AM · 411 W. Ocean Boulevard Civic Chambers

TL;DR

The Budget Oversight Committee met to review the city's mid-year performance and financial status, approving several routine agenda items. The meeting focused on reviewing financial reports and pension costs, with no major controversial decisions made.

Key Decisions

  • Approval of Previous Meeting Minutes Passed
  • FY 23 Mid-year Performance Report Received and Filed
  • CalPERS and City Pension Costs Update Received and Filed
Agenda PDF Minutes PDF

Agenda

  1. ROLL CALL (11:33 AM)
  2. FINISHED AGENDA & MINUTES
  3. CALL TO ORDER (11:33 AM)
  4. Also present: Grace Yoon, Budget Manager, Financial Management; Monica Kilaita, Deputy City Attorney; Alyssa Campos, City Clerk Specialist.
  5. REGULAR AGENDA (11:34 AM)
  6. PUBLIC COMMENT (12:28 PM)
  7. ADJOURNMENT (12:28 PM)
  8. 4. eComments received for the Budget Oversight Committee meeting of Tuesday, July 25, 2023.
    Agenda Item
    Action: received and filed

    This Agenda Item was received and filed.

  9. 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
  10. CALL TO ORDER
  11. ROLL CALL
  12. REGULAR AGENDA
  13. 1. Recommendation to approve the minutes for the Budget Oversight Committee meeting held Tuesday, July 18, 2023.
    Agenda Item
    Action: approve recommendation Passed

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

  14. 2. Recommendation to receive and file the FY 23 Mid-year Performance Report.
    Agenda Item
    Action: approve recommendation Passed

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

  15. 3. Recommendation to receive and file an update on CalPERS and the City’s pension costs.
    Agenda Item
    Action: approve recommendation Passed

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

  16. PUBLIC COMMENT
  17. ADJOURNMENT
  18. I, Alyssa Campos, City Clerk Specialist, certify that the agenda was posted not less than 72 hours prior to the meeting.
  19. 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, the day prior to the meeting. Inquire at the City Council Chamber Audio-Visual Room for an assistive listening device. ac