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Since inception, the performance gain to the City (less fees paid to Chandler) was $179,041. Chandler <br />remains favorable compared to LAIF. However, as of December 31, 2005, LAIF's 3.63% yields exceeds <br />the City's Chandler portfolio rate of 3.40%. <br />4. Review of 2006-2007 Budget Process Calendar <br />Chan explained the key dates for the 2006-07 budget process. The process began January 20, 2006 with a <br />budget kick-off that was attended by Department Heads and Financial Managers. The next finance <br />Committee meeting will be on April 5, 2005 and April 25, 2006 if needed. <br />5. Discussion Regarding Selection of Committee Chairperson <br />Mayor Young was selected to be the Committee Chairperson. <br />6. Discussion Regarding Committee Meeting Dates and Time <br />The next meetings will be held on April 5, 2006 and April 25, 2006 at 4:00 p.m. All regular meetings <br />will be held on the 1st Wednesday of each month. <br />7. Public Comments <br />No Public Comments. <br />8. Committee Member Comments <br />No Comments from the Committee Members <br />9. Adjournment <br />The meeting was adjourned at 5:05 p.m. <br />