Public Commentsz M clm&,
The Agenda Item titled "Comprehensive Annual Financial Report (CAFR)" makes a statement in
"Financial Highlights" that appears to be an attempt to withhold information about the primary
cause of $3.1 million in deficient spending in the General Fund.
Specifically, it states: 'This is mostly due to a loss of $3.1 million in the General Fund, which was
primarily caused by $1.7 million in unanticipated general liability -related expenditures due to
claims and legal fees and program expenses."
The facts are this:
1. Public Safety spent $2.7 million more than was budgeted when the City Council adopted the
budget in August of 18-19.
2. Public Safety spent $3.5 million more in fiscal 18-19 than was actually spent in the previous
17-18 fiscal year.
A review of the detailed accounting reports shows that almost all of the excess
expenditures occured in the Fire Department.
It is incredible that expenditures would increase by these amounts when the City Council
specifically eliminated Engine #4 in August of 2018 in order to reduce expenditures.
I can find no evidence that the City Council ever approved additional budget to allow these
additional expenditures.
The official Budget Policies adopted by the City Council do not give the City Manager the
authority to unilaterially increase overall appropriations without the City Council approval.
I believe the City Council and the Public deserve a full and complete public disclousure of what
happended in the Fire Department to account for these excess expenditures.
Kyle Clayton
From:
James Bradford
Sent:
Tuesday, March 17, 2020 5:34 PM
To:
City Clerk
Subject:
Public Comment
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especially from unknown senders.
Hello my name is James Bradford, I'm not to keen on this email thing my grandson is helping
me out. I'm not even sure if I'm doing this correct. But I want to ask a few questions..
#1 why are the city employees still at work with all this stuff going around? Isn't it wiser to just
wait out the days as suggested by our president?
#2 have city employees been instructed on what is going on in other cities?
#3 why is it that the city isn't shutting down operations or working from home? I've lived her 27
years and it always seems we wait to do something instead of being the leaders. We all need
to help stop this virus and I feel like my city isn't doing anything. I feel like we're putting the city
employees and the general public at risk by not doing anything at all. I mean we hear there
was a case of corano virus at the high school and they shutdown. How do we know if that
person went to city hall or is married or a relative of a city hall employee This is how the virus
spreads. We need to shut down operations of city hall for the recommended 15 days
minimum.
Thank you to whom it may concern. I hope my concerns get read and answered.
Kyle Clayton
From: Jerri Potras
Sent: Tuesday, March 17, 2020 5:16 PM
To: City Clerk; Kyle Clayton; Lisa Sherrick
Subject: Public Comment Submission I March 17, 2020 City Council Meeting
CAUTION: This email originated from outside your organization. Exercise caution when opening attachments or clicking links,
especially from unknown senders.
PUBLIC COMMENT SUBMISSION
City Council Meeting I Tuesday October 17, 2020
Please read into the record:
Agenda Item 4: Renewal of five-year general services agreement with County of Los Angeles
The General Services Agreement is a renewal of an existing agreement.
The agreement is vague.
This City Council and City Manager have outsourced a number of services that city employees had previously
performed.
1. Will this extension agreement replace any services that have been or are currently being performed by city
employees?
2. Does the GSA contract/agreement have the customary "not to exceed" dollar limitations or does the City
Manager have authority to spend without limitation?
Please confirm receipt.
Thank you.
Submitted by:
Jerri Potras
i
1
Kyle Clayton
From: Nick Lewis
Sent: Tuesday, March 17, 2020 4:24 PM
To: City Clerk
Subject: March 17, 2020 Public Comment
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links, especially from unknown senders.
To the honorable mayor and city council,
My name is Nickolas Lewis and I am a resident of West Covina and a member of your community & senior services
commission. My discussion tonight is focused solely on the issue of Item #6. During the March 10, 2020 meeting of the
Community & Senior Service Commission, we unanimously voted in favor of a recommendation to the city council that
the Traffic Committee and the actions taken thereunder be subject to the review of one of your commissions or should
be considered on an item -by -item basis by the city council. As it stands, traffic improvements are subject only to internal
review by staff with no citizen input and those recommendations take place during meetings which occur at 3pm and
are not widely attended. Moreover, until I personally brought up this concern in commission, most of my colleagues had
little insight on how our traffic control sausage in this city is made. As such, I have no doubt that the public at -large has
an even more substantial knowledge deficit in this regard. With that, the community & senior services commission has
taken it upon itself to consider the actions of the traffic committee and will provide you with our own recommendations
moving forward in order to attempt to provide at least some resident oversight to this process. As your commission
comprised entirely of your appointees voted in favor of the foregoing recommendation (myself included), we strongly
urge you to ratify our recommendation and make our consideration of traffic improvements and control a regular part
of our charter moving forward. To that end, I encourage you to put over any consideration of traffic committee
recommendations until such time as our residents, you or your designated appointees have had the opportunity to fully
consider the recommendations of staff. Thank you and I wish you all the best of health in the weeks and months to
come.
i
Kyle Clayton
From: Lisa Sherrick
Sent: Tuesday, March 17, 2020 5:49 PM
To: Kyle Clayton
Subject: FW: Investment Report update from City Treasurer -Colleen Rozatti
Can you also print this one?
Lisa Sherrick
Assistant City Clerk
City of West Covina
626-939-8414
From: David Carmany <DCarmany@westcovina.org>
Sent: Tuesday, March 17, 2020 5:48 PM
To: Lisa Sherrick <LSherrick@westcovina.org>
Cc: Robbeyn Bird <RBird@westcovina.org>
Subject: Fwd: Investment Report update from City Treasurer -Colleen Rozatti
FYI- for tonight's meeting
Sent from my iPhone
Begin forwarded message:
From: Colleen Rozatt
Date: March 17, 2020 at 5:46:36 PM PDT
To: David Carmanv <DCarmanV@westcovina.org>
Subject: Investment Report update trom City Treasurer -colleen rtozatti
CAUTION: This email originated from outside your organization. Exercise caution when opening
attachments or clicking links, especially from unknown senders.
Good Evening Council, Staff and Members of the Community,
I had planned on attending tonight's Council Meeting to give the Community an update on the City's
Investment Portfolio. Unfortunately, as many of you may already know WCUSD has called for a closure
of all their schools. As employee's of West Covina High School, we may have been hit the hardest, with
possible exposure to the Coronavirus.
Because of that The District has asked all of us, Bulldogs to "self quarantine," and that's exactly what ALL
of us are doing. I do hope all of you are taking precautions to help keep you and your families healthy
and safe as well.
None the less, I felt if was important to update you, as your elected City Treasurer, as to where the City
stands as far as our current financial portfolio.
The investment report that is being presented to night is for the Month End of January
2020. This report is in compliance with the California Government Code Section #53646. It shares
detailed information pertaining to all securities, investments and monies of the City, as well reporting
the market value of the investment that we currently hold.
When looking at the City's general fund account, currently held with Wells Fargo Bank it had a book
value of $4.3 million at the end of January 2020.
The City's surplus funds reflected a balance of $56.3 million.
of which, $17.9 million was invested with Los Angeles County Investment
Pool (LACIP) earning 1.86%at the time.
While the remaining $38.5 million in surplus was invested with the Local Agency Investment Fund (LAIF)
earning 1.97% (at the time.) Both of these account are deemed safe and provide us liquidity.
The investment portfolio currently with Chandler Asset Management continues to be liquidated,
meaning as current investments mature, we are not reinvestment in the market, but taking a much
more conservative approach ( for now) and rolling the funds over into one of the two above mentioned
accounts, (LAIF or LACIP) this allows us to earn a competitive rate of interest while keep the funds liquid,
And by reducing the portfolio with Chandler we are also reducing an Administration fees currently being
charged, which allows us more profitability.
The City's overall portfolio, which includes the successor agency funds, has a total cash investment of
$72.2 million, as of 1/31/2020. However, we do have to keep in mind that only $60.7million is fully
liquid and unencumbered at this time.
As we continue to move forward, I along with the finance department will continue to look for ways to
maximize our investments, while always keeping safety and liquidity at the fore front.
These are trying time, and by taking this conservative position, we trying to avoid financial loss to the
City and its tax payers.
Thank City Manager Carmany for relaying this report on my behalf.
Therefore,
It is recommended that the City Council receive and file the Investment Report for the month ended
January 31, 2020.
Respectfully,
Colleen B Rozatti
Elected City Treasurer
City of West Covina
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