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2022 May 17 - CC MIN SPCMEETING MINUTES OF EL SEGUNDO CITY COUNCIL SPECIAL SESSION BUDGET SESSION II FY 2022-23 TUESDAY, MAY 17, 2022 — 3:00 PM CALL TO ORDER — Mayor Pro Tern Pimentel at 3:03 PM ROLL CALL Mayor Boyles - Absent Mayor Pro Tern Pimentel - Present Council Member Pirsztuk - Present Council Member Nicol - Present Council Member Giroux - Present PLEDGE OF ALLIGIANCE — Council Member Nicol 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. 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 at the May 3, 2022 Budget Session I Meeting, B. General Fund Estimated Revenues - by Source — Dino Marsocci, Treasury and Customer Services Manager presented at the May 3, 2022 Budget Session I Meeting. C. General Fund Proposed Appropriations - Joe Lillio, Chief Financial Officer and Fire Chief Deena Lee presented. D. Capital Improvements Program (CIP) Update — Elias Sassoon, Public Works Director presented. E Reserve Policies — Discussed during the May 3, 2022 Budget Session I Meeting. EL SEGUNDO CITY COUNCIL SPECIAL MEETING MINUTES MAY 17, 2022 PAGE 1 Council discussed and several department directors answered Councils inquiries regarding their department budgets. See meeting video for details of the discussions. Council consensus directing staff to explore financing options for Capital and Infrastructure needs. Staff will bring back a detailed staff report and presentation to the regular City Council Meeting of June 7, 2022. 4. Next Steps — Joe Lillio, Chief Financial Officer stated the following items regarding the budget would be before Council; City Wide Fee Resolution (June 7, 2022) Development Impact Fees (June 21, 2022) FY 2022-2023 Budget Public Hearing and Adoption (June 21, 2022) Beginning of FY 2022-2023 (July 1, 2022) ADJOURNMENT at 4:42 PM ",,y / 0,16Q& Tiray Wea r, City Clerk EL SEGUNDO CITY COUNCIL SPECIAL MEETING MINUTES MAY 17, 2022 PAGE 2