HomeMy WebLinkAboutAgenda Item - 2025-04-23 - Number 03.0 - Approval of Meeting Minutes 3.0
CITY OF LAKE OSWEGO
1177 0 Budget Committee Meeting Minutes
oR E G o� March 20th, 2025
Members present: Elisabeth Zeller, Chair Joe Buck, Mayor
Jamie Rye, Vice Chair Massene Mboup
Gary Rebello Rachel Verdick
Carrie Love John Wendland
Rick Ahlander Ali Afghan
Trudy Corrigan
Members excused: Aaron Rapf, Shima Salehi, Jinwen Chai
Alternates present:
Staff Present: Martha Bennett, City Manager; Shawn Cross, Finance Director, Madison
Thesing, Deputy City Manager, Kari Linder, City Recorder, Melissa
Henderson, Budget Analyst, Quin, Brunner, Management and Program
Analyst
The Budget Committee meeting was taped and is online with supporting information. To view
additional discussion, click on any online Interactive Agenda item in color to go to that point on the
video.
1. Meeting called to order
Chair Zeller called the City Budget Committee meeting to order at 6:03 p.m.
2. Roll Call
3. Elections for Budget Committee Chair and Vice Chair
Zeller asked for nominations from the floor for Chair and Vice Chair. Buck nominated Zeller
for Chair Wendland seconded. Buck nominated Rye for Vice Chair. Wendland seconded.
4. Approval of Minutes from May 2, 2024
Chair Zeller called for approval of the meeting minutes from May 2, 2024. Mboup began the
motion, there was discussion if you must be present at the meeting to approve the minutes. It
was determined that you did not but would follow up if that was incorrect second by Afghan.
Passed by unanimous vote
City of Lake Oswego Budget Committee Meeting
Minutes of March 20, 2025 Page 1 of 2
5. Review Ground Rules, Schedule and Agenda
Chair Zeller reviewed the ground rules, schedule and agenda items to the Committee.
6. Public Comment
Chair Zeller called for public comment of which there was none.
7. City Council Goals & Budgeting for Priorities
City Manager Bennett reviewed the adopted Council Goals and Initiatives. City Manager
Bennett also went over the City of Lake Oswego's current approach to budgeting. Going
over the pros and cons.
8. Six-Year Financial Forecast
Finance Director Cross went over the excel forecast and explained to members the
purpose of this tool in order to help the City predict its financial stability given current and
historical data projected at forecasted interest rates.
9. Municipal Grants Review Subcommittee selection
Quin Brunner shared an overview of the municipal grant process. Mayor Buck nominated
Afghan and Corrigan to the municipal grant subcommittee. Chair Zeller nominated Rye
and Ahlander to the municipal grant subcommittee. Chair Zeller moved to create a standing
subcommittee of the budget committee with members Afghan, Corrigan, Rye and Ahlander
serving terms through December 31, 2025. Seconded by Wendland. Passed by unanimous
vote.
10. Next Steps/ Future Meeting Topics
Chair Zeller reminded the Committee the next meetings will be April 23rd.and the budget will
delivered one week in advance, April 16th
11. Adjournment
The meeting adjourned at 7:01 p.m.
Respectfully submitted,
Melissa Henderson
Budget Analyst
APPROVED BY THE BUDGET COMMITTEE: TBD
City of Lake Oswego Budget Committee Meeting
Minutes of March 20, 2025 Page 2 of 2