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VOTE: AYES: Mayor Pulido, Mayor Pro Tern Villegas, <br />Councilmember Iglesias, Councilmember <br />Penaloza, Councilmember Sarmiento, <br />Councilmember Solorio, Councilmember Bacerra <br />(7) <br />NOES: None (0) <br />ABSTAIN: None (0) <br />ABSENT: None (0) <br />REPORTS 44 <br />65A. RECEIVE AND FILE UPDATED REVENUE ESTIMATES RELATED TO COVID- <br />19; AFFIRM HIRING FREEZE FOR ALL CITY POSITIONS; APPROVE <br />APPROPRIATION ADJUSTMENT TO TRANSFER MONIES FROM THE REFUSE <br />FUND TO THE GENERAL FUND; DIRECT STAFF TO PREPARE A DRAFT BUDGET <br />FOR FY 2020-21 UTILIZING ONE-TIME FUNDING; PROVIDE PRELIMINARY <br />BUDGET DIRECTION; AND DIRECT STAFF TO PROVIDE A FEASIBILITY ANALYSIS <br />RELATED TO ISSUANCE OF A PENSION OBLIGATION BOND - Finance and <br />Management Services Agency <br />2. <br />Executive Director Kathryn <br />provided a brief presentation. <br />Council discussion ensued. <br />Receive and file report relating to updated FY 2019- <br />20 General Fund revenue estimates. <br />Affirm the hiring freeze for all City vacant positions as <br />�f March 23, 2020. <br />Approve an appropriation adjustment. (Requires five <br />affirmative votes). APPROPRIATION ADJUSTMENT <br />NO. 2020-155 - Transferring $6.6 million of General <br />Fund revenue from the Refuse Enterprise fund to the <br />General Fund during the current fiscal year. <br />Direct staff to prepare a draft budget for FY 2020-21 <br />to include the use of the Economic Uncertainty <br />Reserve in the General Fund. <br />Direct Staff to return with a feasibility analysis for <br />issuing Pension Obligation Bonds to reduce the cost <br />of the existing CalPERS Unfunded Actuarial Liability <br />(UAL). <br />Downs of Finance and Management Services Agency <br />DRAFT CITY COUNCIL MINUTES 104-21 APRIL 212020 <br />