HomeMy WebLinkAbout01-24-2024 REOC Minutes
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Revenue Enhancement Oversight Commission Minutes
January 25, 2024, 5:00 p.m.
Council Hearing Room, 990 Palm Street, San Luis Obispo
REOC Commissioners
Present:
Commissioner Renne Gardner, Chair Jim Hamari,
Commissioner Kenny McCarthy
REOC Commissioners
Absent:
Vice Chair Anthony Bozzano, Commissioner Steven Skapinsky
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1. CALL TO ORDER
City Clerk, Teresa Purrington, administered the Oath of Office to new
Commissioner, Kenny McCarthy.
A Regular Meeting of the San Luis Obispo Revenue Enhancement Oversight
Commission was called to order on January 25, 2024 at 5:00 p.m. in the Council
Hearing Room at City Hall, 990 Palm Street, San Luis Obispo, by Chair Hamari.
2. PUBLIC COMMENT FOR ITEMS NOT ON THE AGENDA
Public Comment:
No Public Comment
3. CONSENT
3.a CONSIDERATION OF MINUTES - SEPTEMBER 11, 2023 REVENUE
ENHANCEMENT OVERSIGHT COMMISSION MINUTES
Motion By Commissioner Gardner
Second By Commissioner McCarthy
To approve the Revenue Enhancement Oversight Commission Minutes of
September 11, 2023.
Ayes (3): Commissioner Gardner, Chair Hamari, and Commissioner
McCarthy
Absent (2): Vice Chair Bozzano, and Commissioner Skapinsky
CARRIED (3 to 0)
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4. BUSINESS ITEMS
4.a REVIEW OF AUDITED 2022-23 LOCAL REVENUE MEASURE (LRM)
FINANCIALS AND PROPOSED USE OF LRM UNASSIGNED FUND
BALANCE
Staff responded to commissioner questions.
Motion By Commissioner McCarthy
Second By Commissioner Gardner
1. Review the audited financial statements contained in the Annual
Comprehensive Financial Report (ACFR) for the Local Revenue Measure.
2. Recommend to the City Council to appropriate $3,872,937 of
unassigned Local Revenue Measure funds for the capital and
operating expenditures referenced in the report.
Ayes (3): Commissioner Gardner, Commissioner McCarthy, Chair Hamari
Absent (2): Vice Chair Bozzano, and Commissioner Skapinsky
CARRIED (3 to 0)
5. STAFF AND COMMISSIONER ANNOUNCEMENTS
5.a STAFF UPDATES
Principal Budget Analyst Natalie Harnett provided the following update:
• The LRM Annual Report Subcommittee is scheduled to meet on
February 15, 2024 to review the draft report. Since Zachary Moody
is no longer on the commission, commissioner McCarthy will be
added to the subcommittee.
5.b COMMISSIONER UPDATES
6. ADJOURNMENT
The meeting was adjourned at 5:31 p.m. The next Regular Meeting of the
Revenue Enhancement Oversight Commission is scheduled for March 2024 at
5:00 p.m. in the Council Hearing Room at City Hall, 990 Palm Street, San Luis
Obispo.
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APPROVED BY REVENUE ENHANCEMENT OVERSIGHT COMMISSION: 03/07/2024