REDONDO BEACH BUDGET & FINANCE COMMISSION MEETING - February 12, 2026

Redondo Beach Budget and Finance Commission · February 13, 2026

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Call to order and opening

15:09 → 15:22(14s)

Chair Woodham called the Redondo Beach Budget and Finance Commission meeting to order and asked for a roll call.

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Commissioners reviewed the city treasurer's investment report and the fiscal year 2024-25 year-end report; they approved a staff recommendation to reassign $5.2 million of available fund balance (including $3.5M to replenish a CalPERS reserve and $400K for AES bankruptcy costs) and directed further analysis of CIP change orders and professional services spending.

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Transcript

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