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Finance Committee Minutes......................................................................................................................November9, 2020 <br />C. City Council 2021-2022 Travel Budget <br />Staff is seeking a Committee recommendation on the 2021-2022 Council travel budget, <br />initially proposed as a 50% reduction from 2019-2020. <br />Committee Recommendation <br />Unanimous approval to proceed with the 50% reduction ($15k per year) in the proposed <br />budget, subject to adjustment if revenues return. <br />D. 2020 3rd Quarter Cash & Investment Report <br />As of September 30, 2020, the portfolio totaled $75.6 million comprising $71.6 million in cash <br />and cash equivalents and $4.0 million in longer term investments. <br />Committee Recommendation <br />Discussion only. <br />II. MISCELLANEOUS <br />The meeting adjourned at 6:52 p.m. <br />Committee Chair Approval <br />Minutes by LH <br />