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HomeMy WebLinkAbout081313 Finance Committee Action Minutes MEETING ACTION MINUTES FINANCE COMMITTEE CANYON'S CONFERENCE ROOM 41000 MAIN STREET TEMECULA, CALIFORNIA TUESDAY, AUGUST 13, 2013 2:00 PM CALL TO ORDER: 2:12 p.m. ROLL CALL: Mayor Mike Naggar Council Member Chuck Washington Aaron Adams, Interim City Manager Dawn Adamiak, Recreation Supervisor David Bilby, Senior Debt Analyst Roberto Cardenas, Fiscal Services Manager Aaron Claverie, Press Enterprise Kevin Hawkins, Community Services Director Jennifer Hennessy, Finance Director Paul Marra (via conference call) Patrick Richardson, Community Development Director Shirley Robinson, Administrative Assistant Chris Vordahl, Intern Luke Watson, Senior Planner Diana Weaver, Associate Planner PUBLIC COMMENTS None COMMITTEE BUSINESS 1. Discussion to allocate additional Community Development Block Grant funding for Fiscal Year 2013-14. RECOMMENDATION - Allocate 20% (or $27,350) of the additional $136,749 CDBG allotment towards Administration. - Allocate an additional $14,266 towards Public Service Organization funding, so as not to exceed a 25°/a increase in the overall funding level for this program. The additional funding is to be spread evenly to each organization receiving funding under the program for Fiscal Year 2013-14. - Allocate the remaining $95,133 to the Temecula Community Center (TCC) Rehabilitation project. � 2. Corporate Sponsorship Program RECOMMENDATION: Reviewed steps taken to establish a Corporate Sponsorship Program which included collaborating with businesses to allow those businesses to support services offered to the community. Discussed the proposed restrictions on sponsors, recognition of sponsors, levels of support and corporate sponsorship opportunities available to the City. The committee recommended the item be forwarded to the Council for consideration. 3. Local Vendor Preference Program RECOMMENDATION The committee discussed the results of an economic benefit analysis conducted by Keyser Marston Associates (KMA) associated with City purchases made locally within Temecula. Paul Marra from KMA presented the study's findings. Discussions were postponed to a subsequent Finance Committee meeting due to time constraints. ADJOURNMENT: 3:16 p.m. � �/�3 Date J nnifer Hennessy Finance Director