Budget Investment Technology 2011/06/06BUDGET, INVESTMENT & TECHNOLOGY COMMISSION MINUTES
MONDAY, JUNE 6, 2011 -4:00 PM
ANAHEIM CITY HALL
FIFTH FLOOR CONFERENCE ROOM
MEMBERS PRESENT: Pat Pepper, Trevor Austin, Jerry Conrey, Kevin Baker, Ken Stark,
Ajay Khetani, MehdiReza Hirji, Neil Malley, Mark Whitaker
MEMBERS ABSENT: Jeff McNutt, lames Riley
STAFF PRESENT: Bob Wingenroth, Debbie Moreno, Hank Stern, Tania White,
D'Anne Lee, Eileen Fortin, Lenette Ball, David Albaugh
GUESTS PRESENT: David Wain, Paul Beckman
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Chair Pepper called the meeting to order at 4:04 pm.
APPROVAL OF THE MINUTES
There was a Motion by Mr. Pepper and a Second by Mr. Austin to approve the minutes from
the April 20, 2011 meeting. (MOTION CARRIED 7 -0). Mr. Conrey and Mr. Hirji were absent for
this vote.
Mr. Wingenroth presented the City's Zero -Based Budgeting Program Summary.
FY 2011/12 PRELIMINARY BUDGET OVERVIEW
Mr. Wingenroth reviewed the FY 2011/12 budget. He stated the the City is using cautious
optimism in projecting revenues for the next fiscal year. Sales, property and transient
occupancy taxes are expected to grow slightly in FY 2011/12. He also discussed the end of the
year projections for FY 2010/11. General Fund revenues are expected to exceed budget, while
expenses will be lower than budget; this means that less General Fund reserves will be used
than previously anticipated. There was also a brief discussion of the capital improvement plan,
including the ARTIC project.
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ITEM NO. 01
Discussion ensued regarding current year revenue projections, the proposed budget, and the
roles and responsibilities of the commission.
Mr. Baker made a Motion to approve the Commission's letter to the City Council for
recommendation of the FY 2011/12 budget. There was a Second by Mr. Austin. (MOTION
CARRIED 9 -0).
PUBLIC COMMENTS
Mr. Wain and Mr. Beckman attended the meeting on behalf of the East Anaheim Neighborhood
Council. Mr. Wain stated that he looks forward to the expansion of Zero -Based Budgeting to
other funds next year.
Chair Pepper adjourned the meeting at 5:35 p.m.
Respectfully submitted,
Tania M. White, Secretary