2022 May 03 - CC MIN SPCMEETING MINUTES OF EL SEGUNDO CITY COUNCIL SPECIAL SESSION
BUDGET SESSION FY 2022-23
TUESDAY, MAY 3, 2022 — 3:00 PM
CALL TO ORDER — Mayor Boyles at 3:03 PM
ROLL CALL
Mayor Boyles -
Present
Mayor Pro Tem Pimentel -
Present
Council Member Pirsztuk -
Present
Council Member Nicol -
Present
Council Member Giroux -
Present
PLEDGE OF ALLIGIANCE — Council Member Pirsztuk
PUBLIC COMMUNICATION — (Related to City Business Only — 5-minute limit per
person, 30-minute limit total) None
STUDY SESSION OUTLINE:
Darrell George, Interim City Manager welcomed everyone to the meeting with an
overview of the budget.
City Council to conduct a Budget Study Session and provide direction, as necessary.
Study Session Overview — Joe Lillio, Chief Financial Officer
2. Background Items — Joe Lillio, Chief Financial Officer
A. FY 2021-2022 Budget Update — Joe Lillio, Chief Financial Officer
3. Proposed FY 2022-2023 Budget
A. City-wide Budget Summaries — Joe Lillio, Chief Financial Officer and other
members of the Finance staff presented.
B. General Fund Estimated Revenues - by Source — Dino Marsocci, Treasury
and Customer Services Manager
C. General Fund Proposed Appropriations - by Department — Joe Lillio, Chief
Financial Officer and members of the Finance staff presented.
D. Capital Improvements Program (CIP) Update — briefly discussed
E Reserve Policies — Joe, Lillio, Chief Financial Officer
Council discussed and agreed to a 20% General Fund Reserve along with exploring
options to fund CIP (Capital Improvement Projects).
EL SEGUNDO CITY COUNCIL SPECIAL MEETING MINUTES
MAY 3, 2022
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Council consensus to fully fund Economic Uncertainty Reserve at $2 million (will require
a transfer of $100,000 from unassigned General Fund Balance).
4. Next Steps
Council Consensus to participate in a second budget session on May 17, 2022 from
3:00 to 5:00 PM. All items on the agenda were not discussed.
ADJOURNMENT at 4:59 PM
o
Tracy WeavO, City Clerk
EL SEGUNDO CITY COUNCIL SPECIAL MEETING MINUTES
MAY 3, 2022
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