City Council - 1/24/2023

The Sacramento City Council meeting on January 24, 2023, included a unanimous vote approving the Department of Utilities’ reserve policy. The policy formalizes existing reserve practices and adds a capital reserve to help fund future projects from available cash flow rather than debt proceeds. Staff described a minimum operating reserve of 120 days of working capital and a rate-stabilization reserve target consistent with bond covenants: 25% of maximum annual debt service. No specific dollar allocation, contract award, or vendor selection was presented. The council also approved consent-calendar items, including appointments to city commissions.

Other topics included a presentation of a student-created Hmong cultural exhibit at City Hall and public comments on animal shelter capacity and animal-control responses, a Measure U committee meeting cancellation, and a resident’s water-service issue. Council members also announced upcoming community events. No other procurement activity was identified.