Appointed by City Council for the purpose of overseeing the implementation of the City’s investment program and assuring it is consistent with the investment policy as approved by the City Council, the subcommittee also acts in an advisory capacity in matters pertaining to short and long range financial planning and funding, rate and fee increases and other complex financial matters. The subcommittee reviews the City’s financial documents and statements, as well as certain proposals and agreements. The subcommittee consists of the City Treasurer as Chairperson and two members of the City Council. Professional and technical advisory support for the subcommittee is provided by the City Treasurer, City Manager and Director of Finance.

For more information on the Finance Subcommittee, check out the Finance Subcommittee page.

Agenda (PDF) Minutes (PDF)

1. Approval of Minutes from December 20, 2012 Finance Subcommittee Meeting (PDF)
   Recommended Action: Approve
2. Accounts Receivables Report for February 2013 (PDF)
   Recommended Action: Receive and File
3. Financial Reports for January 2013 (PDF)
   Recommended Action:  Receive and File
4. Investment Portfolio for January 2013 (PDF)
   Recommended Action:  Receive and File
5. Consideration of Bad Debt Write-Off's for Referral to Collections (PDF)
   Recommended Action:  Receive and File
6. Extension of Authorization to Exceed Fifty Percent Limitation of City's Investment Portfolio in the State Local Agency Investment Fund (LAIF) until December 31, 2013 (PDF)
   Recommended Action:  Approve
7. Appointment of Wedbush Securities as Additional City Investment Broker (PDF)
   Recommended Action:  Approve
8. Public Comments
9. Adjourn