Finance and Investment Committee


The membership of this Committee shall consist of a minimum of five (5) and a maximun of nine (9) membersThe Mayor and Vice Mayor shall serve as non-voting Council liaisons. Members shall meet at least one of the following qualifications; (1) five years accounting and financial experience in a public corporation, municipal government or privately held business; (2) financial officer of a public corporation with five years experience; (3) investment officer of a F.D.I.C. member institution with five years experience; (4) money manager who specializes in corporate or government agency issues with a minimum of five years experience; or (5) five years experience in investment banking, venture capital and/or general management.

Meetings: 1st Monday of the month
Time & Place: 4:30 pm; Los Altos Hills City Council Chambers

Council Liaison: John Harpootlian and Gary Waldeck

Current Members:

  Term Expires     Term Expires
Allan Epstein (Chair)
  Susan Mason
Kjell "Shell" Karlsson 9/19   Stanley Mok 9/17
Chris Welborn 3/18   Bill Silver 2/18
Roddy Sloss  9/19   Betty Kayton  9/19
Mayor John Harpootlian     Vice Mayor Gary Waldeck  
Associate Members:        
Jim Lai     Frank Lloyd  

Finance & Investment Committee Agenda and Minutes

 More Information


The Charges to and Duties of this Committee shall be:

  • To serve as an advisory body to the City Council on financial and investment matters;
  • To assist in the development of five-year capital budgets and revenue projections;
  • To reivew the annual budget and make recommendations to the City Council;
  • To review the annual audit and make recommendations to the City Council;
  • To study all fiscal issues and recommend possible improvements and economies; and
  • To recommend investments to protect capital, provide adequate liquidity and generate market returns. All such recommendations shall be approved by the City Council. The City Manager shall execute any approved investment decisions.

 Updated: January 5, 2016

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