6.C.
Fiscal Year 2024/25 End of Year Report Update and Annual
Comprehensive Financial Report and Other Audit Reports for Fiscal Year
Ending June 30, 2025
Finance Director Donna Lee and Budget Officer Seth Anderson provided
the report.
Mayor Sedgley called for public comment; there were no requests to
speak.
Discussion was turned over to Council. Brief individual Council comments
and questions ensued.
A motion was made by Councilmember Painter, seconded by Councilmember
Narvaez, to accept and file the City's Annual Comprehensive Financial Report for
the fiscal year ending June 30, 2025 and to direct staff to return to a future
Council meeting regarding the allocation of the available General Fund
unassigned fund balance as recommended. The motion carried by the following
vote:
5 - Sedgley, DeNatale, Luros, Narvaez, and Painter
Aye:
City Manager Employment Agreement
6.D.
Assistant City Manager Liz Habkirk provided the brief report.
Mayor Sedgley called for public comment; there were no requests to
speak.
Councilmember Luros expressed appreciation for City Manager Potter's
decision to forgo his increase. Mayor Sedgley concurred. Councilmember
Painter noted that this decision contributes to a stable and predictable
environment. Councilmemer Narvaez added that when he joined in 2020,
the City experienced significant instability, and credited the City’s recovery
and current stability to City Manager Potter's leadership. Appreciation was
expressed for his continued leadership.
A motion was made by Councilmember Narvaez, seconded by Vice Mayor
DeNatale, to adopt Resolution R2026-007 approving an amended and restated
employment agreement with City Manager Steve Potter that maintains his
current overall compensation. The motion carried by the following vote:
5 - Sedgley, DeNatale, Luros, Narvaez, and Painter
Enactment No: R2026-007
Aye:
7. COMMENTS BY COUNCIL OR CITY MANAGER: None.