| Finance Committee - May 19, 2005 |
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Click here for a PDF version of the agenda AGENDA FINANCE COMMITTEEMeeting Notice Date: 10:00 a.m., Tuesday, May 19, 2005 1. Roll Call 2. Approval of Minutes of the April 19, 2005 Meeting - ACTION* (attachment 1) 3. Recommend Adoption of the Authority Investment Policy – ACTION* (attachment 2) As required by Section 53600 of the California Government Code and by the Authority's own Investment Policy, the Executive Director will annually tender to the Board a statement of investment policy, along with any changes to that policy from prior form, for its consideration and adoption. The Authority Investment Policy was last reviewed and adopted on July 20, 2004 through Resolution 05-09. With assistance from general counsel, bond counsel and financial advisors, we have made several changes to clarify the language in the existing Investment Policy. We are seeking a recommendation to adopt the Authority's Investment Policy. 4. Recommend Adoption of Positions on State Legislation – ACTION* (attachment 3) 5. Authority Proposed FY2005/06 Annual Budget – INFORMATION* (attachment 4) The Authority Fiscal Policy requires that the Authority Board adopt an Annual Budget by the beginning of each fiscal year. Our budget review and approval cycle takes place in May/June, starting with a first review by the CAC in April. The proposed Annual Budget forecasts sales tax, grant and investment revenues, and incorporates the capital programming estimates contained in the recently approved FY2005 Strategic Plan, along with associated financing and interest costs, administrative and operating expenses for the coming fiscal year. The Annual Budget also includes the Authority's work program, which will be presented in detail at the May meeting. The final budget will be presented to the CAC in May, for adoption by the Board in June. This is an information item. 6. Introduction of New Items – INFORMATION 7. Public Comment 8. Adjournment Please Note: that the meeting proceedings can be viewed live at http://www.sfgov.org/sfgtv or that evening at 6:00 pm on Cable Channel 26 in San Francisco, with a repeat on the weekend (either Saturday or Sunday evening). To know the exact cablecast times for weekend viewing, please call SFGTV at (415) 557-4293 on Friday when the cablecast times have been determined. In order to assist the City's efforts to accommodate persons with severe allergies, environmental illnesses, multiple chemical sensitivity or related disabilities, attendees at all public meetings are reminded that other attendees may be sensitive to various chemical based products. Please help the City accommodate these individuals. To obtain a disability-related modification or accommodation, including auxiliary aids or services, to participate in the meeting, please contact Pooja Jhunjhunwala at 415.522.4800 at least two business days before the meeting. Lobbyist Registration and Reporting Requirements: Individuals and entities that influence or attempt to influence local legislative or administrative action may be required by the San Francisco Lobbyist Ordinance [SF Campaign & Governmental Conduct Code, Sec. 2.100] to register and report lobbying activity. For more information about the Lobbyist Ordinance, please contact the S.F. Ethics Commission at 30 Van Ness Ave., Suite 3900, San Francisco, CA 94102, telephone (415) 581-2300; or website www.sfgov.org/ethics. |
