2007 AUG 20 CC MIN - SPECIALSPECIAL MEETING OF THE EL SEGUNDO CITY COUNCIL
MONDAY, AUGUST 20, 2007 — 3:00 P.M.
CALL TO ORDER — Mayor McDowell at 3:00 p.m.
ROLL CALL
Mayor McDowell -
Present
Mayor Pro Tern Busch -
Present
Council Member Boulgarides -
Present - Absent
Council Member Fisher -
Present - Absent
Council Member Jacobson -
Present
PUBLIC COMMUNICATIONS — (Related to City Business Only — 5 minute limit per person, 30
minute limit total) Individuals who have received value of $50 or more to communicate to the City
Council on behalf of another, and employees speaking on behalf of their employer, must so identify
themselves prior to addressing the City Council. Failure to do so shall be a misdemeanor and
punishable by a fine of $250. While all comments are welcome, the Brown Act does not allow
Council to take action on any item not on the agenda. The Council will respond to comments after
Public Communications is closed. - NONE
SPECIAL ORDERS OF BUSINESS -
Consideration and possible action regarding presentation by John Bartel, Bartel and
Associates regarding Statement 45 of the Governmental Accounting Standards Board
(GASB 45) and the financial impact to the City relating to City employee retirement health
benefit costs.
Jeff Stewart, City Manager, gave a brief introduction.
John Bartel, Bartel and Associates, gave a presentation and responded to Council questions.
Council consensus to have staff develop a ten -year Phased -In Funding Plan and a ten -year Full
Pre - Funding Plan, showing dollar amount increases over a "pay as you go" Plan. Staff to create
graph format for each of the proposed scenarios and present to Council concurrent with the budget
adoption.
ADJOURNMENT at 4:15 p.m.
Cathy Dcr nan , Deputy City Clerk