Finance Committee

200 Lincoln Ave., Salinas, CA 93901 www.cityofsalinas.org City of Salinas Meeting Minutes - Final Finance Committee Committee Members: Mayor Dennis Donohue Councilmember D'Arrigo Councilmember De La Rosa Rene Mendez, City Manager Selina Andrews, Finance Director Finance Department Office: (831) 758-7211 2:00 PM Salinas RotundaTuesday, March 17, 2026 CALL TO ORDER PLEDGE OF ALLEGIANCE ROLL CALL Dennis Donohue and Margaret D'ArrigoPresent: 2 - Gloria De La RosaAbsent: 1 - GENERAL PUBLIC COMMENTS No public comment CALIFORNIA GOVERNMENT CODE §84308 - LEVINE ACT CONSENT ID#26-080 Minutes Upon motion by Councilmember D'Arrigo, seconded by Mayor Donohue, ID#26-080 the minutes of February 17, 2026 was approved. The motion carried by the following vote: Ayes: Councilmember Donohue and Councilmember D'Arrigo2 - Absent: Councilmember De La Rosa1 - CONSIDERATIONS ID#26-103 Salinas Valley Tourism & Visitors Bureau Lease & Operating Agreements Assistant City Manager Lisa Murphy gave the presentation on the request from the SVTVB to continue their lease and enter into a new operating agreement for the Welcome Center. SVTVB is requesting an additional $200,000 in funding and a 10 year term. Page 1City of Salinas

March 17, 2026Finance Committee Meeting Minutes - Final Report filed with the Committee secretary for the record. Upon motion by Councilmember D'Arrigo, seconded by Mayor Donohue, approved the recommendation to forward this item to City Council. The motion carried by the following vote: Ayes: Councilmember Donohue and Councilmember D'Arrigo2 - Absent: Councilmember De La Rosa1 - ID#26-082 Fiscal Year 2025-26 Mid-Year Budget Review & Supplemental Appropriation Requests Finance Director Selina Andrews gave the presentation, providing an economic update, General Fund status review, a selected Capital Projects status report and Fund Balance review. She also highlighted recommended budget actions, including some clean up and re-allocations, as well as a financial forecast. Report filed with the Committee secretary for the record. No action required. Received the Mid-Year Budget report. FUTURE AGENDA ITEMS No items. ADJOURNMENT Meeting adjourned at 2:42 p.m. _____________________________ Nick Luciano, Administrative Analyst Page 2City of Salinas