HomeMy WebLinkAboutMinutes - Budget and Finance Commission - 4/19/2022MINUTES
BUDGET AND FINANCE COMMISSION
REGULAR SESSION
APRIL 19, 2022
COUNCIL CHAMBERS
11000 N. LA CAÑADA DRIVE
REGULAR SESSION AT OR AFTER 4:00 PM
CALL TO ORDER - Chair Solverson called the meeting to order at 4:00 PM.
ROLL CALL
Present: Cathy Solverson, Chair
Michael Mason, Vice Chair
James Beasley, Commissioner
John Fortunato, Commissioner
Staff Present:David Gephart, Chief Financial Officer
Wendy Gomez, Finance and Budget Administrator
Chris Hutchison, Senior Budget Analyst
Tobin Sidles, Legal Services Director
Attendees: Joseph Winfield, Town Council Liaison
PLEDGE OF ALLEGIANCE - Chair Solverson led the group in the Pledge of Allegiance.
CALL TO AUDIENCE - No comments were received.
STAFF LIAISON REPORT
Chief Financial Officer David Gephart reported on the following:
- Town Manager's Recommended Budget will be distributed soon
- the Town's Class and Compensation study will go before Town Council for approval on 5/18
- the performance of the Town's golf courses
- Jack Longley is the newest member of the Budget and Finance Commission
REGULAR SESSION AGENDA
1.REVIEW AND APPROVAL OF THE MARCH 15, 2022 REGULAR SESSION MEETING MINUTES
Motion by Commissioner James Beasley, seconded by Vice Chair Michael Mason to approve the
March 15, 2022 meeting minutes as written.
Vote: 4 - 0 Carried
2.DISCUSSION AND RECOMMENDATION OF DRAFT PSPRS PENSION FUNDING POLICY FOR
FISCAL YEAR ENDING JUNE 30, 2023
Discussion ensued amongst staff and commissioners regarding Agenda Item #2.
Motion by Commissioner James Beasley, seconded by Vice Chair Michael Mason to recommend the
PSPRS Pension Funding Policy with changes as outlined.
Vote: 4 - 0 Carried
3.PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY 21/22 FINANCIAL UPDATE
THROUGH FEBRUARY 2022
Finance and Budget Administrator Wendy Gomez presented on Agenda Item #3.
Discussion ensued amongst staff and commissioners.
COUNCIL LIAISON COMMENTS
Mayor Joseph Winfield commented on the following:
- The Town Council meeting the following night will include a presentation on an arts program and the PSPRS
policy
- Budget meetings scheduled for 5/11/22 and 5/12/22 in the Council Chambers at 5 P.M.
FUTURE AGENDA ITEMS
- Debriefing on the new park property and its financial implications
ADJOURNMENT
Motion by Vice Chair Michael Mason, seconded by Commissioner James Beasley to adjourn the
meeting at 4:40 P.M.
Vote: 4 - 0 Carried
I hereby certify that the foregoing minutes are a true and correct copy of the minutes of the regular session of the
Town of Oro Valley Budget and Finance Commission of Oro Valley, Arizona held on the 19 day of April, 2022. I
further certify that the meeting was duly called and held and that a quorum was present.
Dated this 21 day of April, 2022.
___________________________
Alison Cote
Legal Secretary