Budget and Finance Advisory Committee meeting summary
At a glance
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The BFAC approved the February 27, 2026 minutes, received the City Controller’s revenue forecast and a City fund inventory showing 883 total funds (678 special funds) with many underutilized accounts, heard subcommittee updates on asset management and revenue-generation ideas, and agreed to develop recommendations for the Council’s FY 2026-27 budget hearings; the next BFAC meeting is scheduled for May 1, 2026.
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What this means
Committee members were briefed on the City’s near-term revenue outlook and tools the Controller recommends to address potential shortfalls, such as stronger audits, performance-based budgeting, and improved tax collection. They were also shown an inventory of 883 City funds, including many small or idle special funds, and discussed options to repurpose or sunset underused accounts. The group asked staff to prepare a report or list of recommendations for the upcoming budget hearings but did not adopt any policy changes at this meeting. The BFAC’s next meeting is May 1, 2026.
Key decisions
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- Approved Minutes of the February 27, 2026 BFAC meeting.
- Received the City Controller’s Revenue Forecast Report and demonstration of Controller Office dashboards (no policy action taken).
- Received the City Fund Overview detailing 883 City funds (678 special funds) and discussed options to address idle or underutilized funds (no immediate changes approved).
- Directed staff to develop a report/list of recommendations for consideration during the FY 2026-27 Budget Hearings; scheduled next BFAC meeting for May 1, 2026.
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Meeting information
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Budget and Finance Advisory Committee
Agenda
- Call to Order and Roll Call(1)Decision: ITEM(S)
- Public Comment Multiple Agenda Item Comment General Public Comment(2)Decision: ITEM(S)
- Approval of Minutes The Committee will review and approve the Minutes of the February 27, 2026, Budget and Finance Advisory Committee meeting.(3)Decision: ITEM(S)
- Office of the Controller Presentation Controller Kenneth Mejia will present on departmental trends related to City revenue sources, expenditures, liabilities and special funds.(4)Decision: ITEM(S)
- City Fund Overview The Committee will be briefed on the composition, structural framework, and usage restrictions of the City’s various fund categories.(5)Decision: ITEM(S)
- Focus Area Updates Committee members will provide updates regarding the current status and trajectory of their ongoing research and policy development initiatives.(6)Decision: ITEM(S)
- Open Discussion The Committee will refine the BFAC work plan, goals, and focus areas for the year, as needed.(7)Decision: ITEM(S)
- Consideration of Progress Report The Committee will deliberate on the necessity and scope of initiating work on a progress report to the City Council’s Budget and Finance Committee.(8)Decision: ITEM(S)
- Next Steps and Calendar Review(9)Decision: ITEM(S)
- Adjournment(10)Decision: ITEM(S)
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