Finance Committee Meeting of the Board of Trustees

February 5, 2024  - 5:30 PM

A PDF of the meeting agenda and packet can be found at the end of this page.

Click here to learn how to observe and participate in the committee meeting.

Agenda

1.    Call to Order

2.    Roll Call

• Ron Collins (Chair), City of San Carlos
• Muhammad Baluom, City of Millbrae
• Ray Williams, Town of Portola Valley
• Robert Riechel, City of San Bruno
• Carolyn Parker, City of Brisbane
• Mason Brutschy, Town of Atherton

3.    Public Comments and Announcements

This time is reserved for public members to address the Finance Committee of the Board relative to matters of the Committee not on the agenda. No action may be taken on non-agenda items unless authorized by law. Comments will be limited to three minutes per person (or six minutes where a translator is used).

4.    Regular Agenda

A. Review the Preliminary Financial Report for FY 2023-24 as of December 2023

• Report by: Finance Director, Richard Arrow, CPA
• ACTION: Motion to recommend the Board approve the Financial Report for FY 2023-24 as of December 31, 2023

B.   Report on analysis of PG&E costs relative to the Solar Project

• Report by: Finance Director, Richard Arrow, CPA
• ACTION: No action is necessary; information only.

C.    Status report on 1415 North Carolan Ave, Burlingame

• Report by: District Manager Brian Weber
• ACTION: No action is necessary; information only.

D. Consider recommending the Board authorize the District Manager to transfer $1,000,000 from the District’s Debt Service Repayment Reserve held by the San Mateo County Treasury to CalCLASS

• Report by: Richard Arrow, CPA, Finance Director and Brian Weber, District Manager
• ACTION: Recommend requesting the Board of Trustees to transfer an additional $1,000,000 from the County Treasury to CalCLASS

E. Discuss increasing Trustee compensation

• Report by: Brian Weber, District Manager
• ACTION: No action is necessary; informational only