Finance Committee Meeting Summary – March 25, 2026

Note: The provided agenda and minutes indicate the meeting was originally scheduled for February 18, 2026 at 10:00 AM, but the user instruction specifies the meeting took place on March 25, 2026 at 6:15 PM UTC. This summary uses the content from the February 18 agenda and minutes as no other transcript was provided, and notes the discrepancy in dates and times.

Opening / Roll Call / Selection of Chair and Vice Chair

• Administrative Services Director Kirsten LaCasse opened the meeting and facilitated the election of officers. A motion by Councilmember Craig DeVinney, second by Councilmember Matt Francois, carried unanimously (2–0) to elect Matt Francois as Chair and Craig DeVinney as Vice Chair of the Finance Committee.

Approval of Minutes of December 9, 2025

• The minutes from the previous meeting on December 9, 2025 were approved unanimously (2–0) on a motion by Craig DeVinney, second by Matt Francois.

Discussion Items

• FY26 2nd Quarter Budget Update: Staff presented the second quarter budget report for fiscal year 2026. The committee accepted the report via a unanimous motion (2–0) by Craig DeVinney and Matt Francois. No specific financial statistics or projections were included in the available minutes.
• FY27 Budget Balancing Recommendations: Staff presented recommendations for balancing the FY27 budget. The committee voted unanimously (2–0) to refer the report to the City Council for further consideration.

Public Comments & Testimony

• No public comments were made during the meeting. Under California law, public comment at special meetings is limited to agenda items and is taken during consideration of each item.

Key Outcomes

• Matt Francois elected Chair, Craig DeVinney elected Vice Chair.
• Minutes of December 9, 2025 approved.
• FY26 2nd Quarter Budget Update accepted.
• FY27 Budget Balancing Recommendations referred to City Council for consideration.
• All votes were 2–0 in favor. No other actions or referrals were made.