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May 5, 2020Finance Committee Minutes <br />clarified that bond proceeds must solely be used to fund projects, but slated GF <br />contributions can be rescinded or reallocated as needed. <br />Mayor Cutter suggested looking for opportunity to review service contracts from a <br />cost-benefit perspective, as well as potential cost-savings to conserve resources like <br />electricity or water (e.g. lights off when not in use, reporting any leaky faucets, etc.) <br />Mayor Cutter suggested analyses, such as examining the implementation of a furlough <br />versus forgoing a pay-raise. Mayor Cutter mentioned consideration of including <br />community input to participate in the budget process, especially where cuts are <br />concerned. <br />Mayor Cutter stated that since her term is up in 2022, she would like to leave the City <br />in good hands as much as possible. <br />PUBLIC COMMENTS3. <br />None. <br />COMMITTEE MEMBER COMMENTS4. <br />Councilmember Lee mentioned concern for the underserved population and suggested <br />consideration of creating public health & safety policy, such as having businesses <br />provide masks/face coverings to patrons without, and to consider providing or <br />subsidizing costs of flu shots and COVID-19 vaccinations when available. <br />Councilmember Hernandez inquired about the possibility of reducing debt burden such <br />as returning bond proceeds that are not yet spent for projects. Assistant Finance <br />Director O’Leary remarked that refinancing opportunities can be explored for <br />outstanding debt after a certain time period (8 to 10 years). <br />ADJOURN5. <br />The meeting was adjourned at 6:07p.m. <br />Page 4City of San Leandro <br />64