POST FINANCE COMMITTEE MEETING
Sheraton Universal Hotel
333 Universal Hollywood Drive Universal City, CA 91608

June 24, 2015
AGENDA
10:00 AM



Finance Committee Members
  • Sandra Hutchens
  • Pete Kurylowicz
  • Laren Leichliter
  • Ron Lowenberg
  • Jim McDonnell
  • Sylvia Moir (Chair)
CALL TO ORDER - 10:00 AM
APPROVAL OF ACTION SUMMARY AND MINUTES

1.Approval of the Action Summary and Minutes of the previous Finance meeting
•Action Summary - February 18, 2015
•Meeting Minutes - February 18, 2015
If the Finance Committee concurs, the appropriate action would be a MOTION to approve the Action Summary and Meeting Minutes from the last Finance meeting.
2.Report on Revenue as of April 30, 2015
The Commission on POST is financed through a Special Fund known as the Peace Officer Training Fund. The Commission is provided a monthly update on the revenue collected by the State Controller's Office and distributed by the California Department of Finance. POST depends on this revenue to perform its legal obligations to the State of California.

3.Report on Expenditures as of April 30, 2015
The Commission on POST receives monthly updates from the State Controller's Office on expenditures and the remaining balances. This report notates expenditures through April 30, 2015.

4.Report on Reimbursements for Fiscal Year 2014-15
There has been a 2.9% reduction in reimbursements due to lower than expected revenues distributed to POST.

If the Finance Committee concurs, the appropriate action would be a MOTION to approve items 2 through 4 for Fiscal Year 2014-15.
5.Report on Proposed Budget for Fiscal Year 2015-16
Governor Brown issued his May Revise proposed Fiscal Year 2015-16 budget for the State of California on May 14, 2015. Attachment A includes the Governor's May Revise budget for FY 2015-16 for the Commission as well as a comparison to the current FY 2014-15 budget.

If the Finance Committee concurs, the appropriate action would be a MOTION to approve the report on the Proposed Budget for Fiscal Year 2015-16.
6.Old Business
7.New Business
There are no New Business at this time.
ADJOURNMENT
Minutes have not been generated.