Oct 6 2019

Piedmont Municipal Services Special Tax, Year-End Appropriations, Fund Transfers, City Council Meeting Monday, October 7

The current City of Piedmont Parcel Tax expires on June 30, 2021.  The Budget  Advisory and Financial Planning Committee recommended continuation of the Parcel Tax at its current rate, but believes additional funding will be needed either by increasing the current Parcel Tax rate or supplementing with an increase in other revenue sources, such as the Transfer Tax.  Agenda item 4

The unassigned balance of the General Fund at June 30, 2019 is estimated to be $6.4 million and a transfer of $1.1 million from the General Fund to the Facilities Maintenance Fund is recommended by Michael Szczech, Finance Director.  Agenda item 6

The Piedmont City Council meeting will be on Monday, October 7 at 7:30 pm in the Council Chambers at City Hall, 120 Vista Avenue.  The meeting will be broadcast live on the City website and Cable Channel 27.  Recordings of the meeting are available on the City website.

Consent Calendar, followed by the Regular Agenda

  1. Approval of Council Meeting Minutes for 08/19/19 
  2. Receipt of a Report on the City’s Investment Portfolio
  3. Approval of a Resolution Directing the Police & Fire Pension Board to Provide Oversight Over Additional Investment Portfolios
  4. Consideration of a Report from the Budget Advisory and Financial Planning Committee Regarding the Municipal Services Special Tax and Possible Direction to Staff on Next Steps 0320, 1030
  5. Consideration of FY 2018-19 Year-End Appropriations, Adjustments, and Carryforwards 0165
  6. Consideration of FY 2018-19 Year End Fund Transfers

Budget Advisory and Financial Planning Committee Report

—–Staff Reports—-

Year End Fund Transfers

Year-End Appropriations, Adjustments, and Carryforwards Report

All agenda reports are available on the City of Piedmont website.

 

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