HomeMy WebLinkAbout2007-05-16 Approved Minutesfile:///FI/Apps/WEBDATA/Internet/EconomicDevelopmentCommitteeAgendas/2007/mi05-16-07.htm
City of Newport Beach
ECONOMIC DEVELOPMENT COMMITTEE
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MINUTES 05-16-07
Minutes of the Economic Development Committee held at the City Council Chambers, City of Newport
Beach, on Wednesday, May 16, 2007.
Members Present:
X
Steve Rosansky, Mayor, Chairman
X
Richard Luehrs
X
Ed Selich, Mayor Pro Tem
X
Brion Jeannette
X
Michael Henn, Council Member
Dan Marcheano
X
Robert Hawkins, Planning Commissioner
Mark Murrel
X
Mike McNamara, Vice Chairman
X
John Robinson
X
Craig Batley
X
John Saunders
X
Seymour Beek
X
Gregg Schwenk
Corona del Mar (Vacant)
X
Gary Sherwin
X
Gary DiSano
I
Charles Unsworth
X
Jim Donnell
Gay Wassall-Kelly - excused
X
Kenneth Drellishak
Kevin Weeda - excused
X
John Hyatt
Richard Wray
Building Industries Assoc. (Vacant)
Public Utilities (Vacant)
X
Lloyd Ikerd
X
Debra Legan
Staff Representatives:
X Sharon Wood, Assistant City Manager X George Berger, C & ED Program Manager -
X Dan Trimble, C & ED Program Manager
Guests Present:
Dick Kurth, Deputy Director -Resource Mgmt, Susan Dan Matusiewicz, Finance Officer,
Giangrande, Sr. Budget Analyst, Steve Roqueni, Budget Anaylst/Grant
Administration
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Roll Call and Introductions:
Chairman Steve Rosansky called the meeting to order at 8:05am.
CONSENT CALENDAR
1. Minutes of April 18, 2007
2. Progress Report
Motion:
Vote: Unanimous, by acclamation
UPDATES AND ANNOUNCEMENTS
DISCUSSION ITEMS
1. 2007-2008 City Revenue Expectations & Operating Budget Presentation — Dick Kurth,
Deputy Administrative Services Director & Treasurer (attached PowerPoint)
Dick Kurth gave the PowerPoint presentation on the 2007-2008 City Revenue Expectations and
Operating Budget.
• Budget documents, detail, CIP, RAP
• Charter provisions, budget preparation & structure
• General fund
o Revenues
O 400 revenue sources
O
Property tax
O
Sales tax
O
TOT
o Expenditures
O
Safety
O
Public Works
o Reserves
• General Fund Revenue trends
• General Fund Expenditure trends
• Full time staffing trend
• Reserve trend
• ERAF losses
o $68 million
2. EQAC Representative's Report
Ken Drellishak reported that EQAC on the Aerie project.
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REQUEST FOR ITEMS FOR A FUTURE AGENDA
PUBLIC COMMENTS
ADJOURNMENT
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