HomeMy WebLinkAboutMinutes - Budget and Finance Commission - 6/20/2023MINUTES
BUDGET AND FINANCE COMMISSION
REGULAR SESSION
JUNE 20, 2023
COUNCIL CHAMBERS
11000 N. LA CAÑADA DRIVE
REGULAR SESSION AT OR AFTER 4:00 PM
CALL TO ORDER
ROLL CALL
Present: Jennifer Carr, Commissioner
John Fortunato, Commissioner
Heather Laird, Vice Chair
Gerald LeMay, Commissioner
Michael Mason, Chair
Staff Present:David Gephart, Chief Financial Officer
Jeff Wilkins, Town Manager
Wendy Gomez, Deputy Finance Director
Chris Hutchison, Senior Budget Analyst
Tobin Sidles, Legal Services Director
PLEDGE OF ALLEGIANCE
CALL TO AUDIENCE
Councilmember Tim Bohen, acting only as a resident of Oro Valley, addressed the commission to express his support of
having a commission in place and his appreciation for their service. Discussion ensued.
STAFF LIAISON REPORT
Chief Financial Officer David Gephart reported on the following:
- A welcome was expressed to the new Town Manager present.
- The Tentative Budget was approved by Council on June 7, 2023 and a proposed Adopted Budget will be presented at the
next council meeting.
- The Budget and Finance Commission Regular Session Meetings scheduled for July and August are
recommended to be canceled and resume regular meeting sessions in September, 2023.
REGULAR SESSION AGENDA
1.REVIEW AND APPROVAL OF THE MAY 16, 2023 REGULAR SESSION MEETING MINUTES
Motion by Commissioner Gerald LeMay, seconded by Commissioner Jennifer Carr to approve the
May 16, 2023 regular session meeting minutes as written.
06/20/2023 Minutes, Budget and Finance Commission Regular Session 1
Vote: 5 - 0 Carried
2.*PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY 22/23 FINANCIAL UPDATE
THROUGH APRIL 2023 (Please reference attachments)
Deputy Finance Director, Wendy Gomez, presented on Agenda Item #2.
Discussion ensued amongst staff and commissioners.
3.PRESENTATION AND POSSIBLE DISCUSSION REGARDING THE TOWN'S FIVE-YEAR FINANCIAL
FORECAST THROUGH FY 2028/29
Deputy Finance Director, Wendy Gomez, presented on Agenda Item #3.
Discussion ensued amongst staff and commissioners.
4.DISCUSSION AND POSSIBLE DIRECTION REGARDING MONTHLY PRESENTATION OF
FINANCIAL RESULTS.
Chief Financial Officer, David Gephart, presented on Agenda Item #4.
Discussion ensued amongst staff and commissioners.
Motion by Commissioner Jennifer Carr, seconded by Commissioner John Fortunato to approve a
quarterly review of Financial Results rather than a Monthly review.
Vote: 5 - 0 Carried
5.PRESENTATION AND DISCUSSION OF THE TOWN FY 2023/24 TENTATIVE BUDGET
Chief Financial Officer, David Gephart, presented on Agenda Item #2.
Discussion ensued amongst staff and commissioners.
COUNCIL LIAISON COMMENTS
Mayor Winfield provides the following comments:
- On June 7, 2023, the Town Council also received the same Five-Year Financial Forecast through Fiscal Year 2028-29 and
had a similar discussion.
- On June 7, 2023, the Town Council also reviewed and approved the PSPRS Pension Funding Policy that this commission
reviewed and made changes to.
- On June 7, 2023, a public hearing was held authorizing and approving the increase to the potable base, water base rates, and reclaimed
water and commodity rate approved by Council.
- The Tentative Budget was approved.
- The Final Budget is set for a public hearing and is set to be approved tomorrow evening by Council.
- An Agenda Item has been set regarding the use of the Pusch Ridge Golf Course.
ADJOURNMENT
Motion by Commissioner Gerald LeMay, seconded by Commissioner John Fortunato to adjuourn
meeting at 5:16 P.M.
Vote: 5 - 0 Carried
I hereby certify that the foregoing minutes are a true and correct copy of the minutes of the regular session of the
06/20/2023 Minutes, Budget and Finance Commission Regular Session 2
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 20th day of June, 2023. I
further certify that the meeting was duly called and held and that a quorum was present.
Dated this 20th day of June, 2023.
___________________________
Melissa Flores
Legal Secretary
06/20/2023 Minutes, Budget and Finance Commission Regular Session 3