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HomeMy WebLinkAboutMinutes - Budget and Finance Commission - 2/20/2024MINUTES BUDGET AND FINANCE COMMISSION REGULAR SESSION FEBRUARY 20, 2024 COUNCIL CHAMBERS 11000 N. LA CAÑADA DRIVE            REGULAR SESSION AT OR AFTER 4:00 PM   CALL TO ORDER   ROLL CALL Present: Joyce Garland, Member Gerald LeMay, Member Michael Mason, Chair Matthew Miller, Member Absent:Jennifer Carr, Vice Chair Staff Present:Joe Winfield, Mayor David Gephart, Chief Financial Officer Jeff Wilkins, Town Manager Wendy Gomez, Deputy Finance Director Chris Hutchison, Senior Budget Analyst Tobin Sidles, Legal Services Director Attendees: Rene Olvera, Presenter PLEDGE OF ALLEGIANCE - Chair Mason 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: - At the Town Council Meeting, the future of the Pusch Ridge Golf Course was discussed and it was voted that the course was to remain open. - There was an item regarding the subsidence at the Valley Vista subdivision. After hearing the additional information presented, Staff identified the root cause of the subsidence issue and are working with homeowners to communicate plans on how best to move forward with that situation. - The new PSPRS Reports have been released and will be addressed during this Commission Meeting.   REGULAR SESSION AGENDA   1.REVIEW AND APPROVAL OF THE JANUARY 16, 2024 REGULAR SESSION MEETING MINUTES       Motion by Member Gerald LeMay, seconded by Member Matthew Miller to approve the February 20, 2/20/24 Minutes, Budget and Finance Commission Regular Session 1  Motion by Member Gerald LeMay, seconded by Member Matthew Miller to approve the February 20, 2024 Regular Session Meetin Minutes as written.  Vote: 4 - 0 Carried   2.PRESENTATION ABOUT THE COMMUNITY'S EFFORT TO CREATE THE NEXT 10-YEAR PLAN, KNOWN AS OV'S PATH FORWARD Rene Olvera presented on Agenda Item #2. Discussion ensued amongst staff and commissioners.      3.PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY 23/24 FINANCIAL UPDATE THROUGH DECEMBER 2023 (Please reference attachments) Chief Financial Officer, Dave Gephart, presented on Agenda Item #3. Discussion ensued amongst staff and commissioners.      4.REVIEW AND DISCUSSION ON PROPOSED TOWN FINANCIAL AND BUDGETARY POLICIES Chief Financial Officer, David Gephart, leads the discussion on Agenda Item #4. Discussion ensued amongst staff and commissioners.      5.PRESENTATION AND DISCUSSION OF PSPRS PENSION FUNDING Chief Financial Officer, David Gephart, presented on Agenda Item #5. Discussion ensued amongst staff and commissioners.      COUNCIL LIAISON COMMENTS Mayor Winfield provided the following comments: - The Town Council had its annual Study Session that focused on the Town's Strategic Plan and Staff's Strategic Plan. This Study Session was less of an overview of the Strategic Plan and was more focused on topics provided by staff where the direction of the Town Council was needed. Such topics included the future use of Rooney Ranch, discussion about RTA Next, and contingencies of potential failures of that referendum, retail tourism, build-out analysis. - Some Staff, Council Members, and Commission Members of the Water Utility Commission attended a Growing Water Smart Workshop in Paradise Valley several weeks ago. There was a discussion on water management within the Town of Oro Valley. - The Housing Study conducted had been reviewed and the Town Council analyzed annexation strategies. - The Mayor further provides that the next Town Council Meeting will recognize outgoing Commission members, and that there will be presentations given on the following topics: - The Quarterly Financials that were presented this evening. - A presentation provided by the Chamber of Commerce. - Oro Valley Path Forward update by Rene Olvera. - There are no regular items on the Agenda, but a Study Session will be held to review the Comprehensive Economic Development Strategy.   ADJOURNMENT    Motion by Member Gerald LeMay, seconded by Member Matthew Miller to adjourn the meeting at 5:50 PM.  Vote: 4 - 0 Carried     2/20/24 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 February, 2024. I further certify that the meeting was duly called and held and that a quorum was present. Dated this 20th day of February, 2024. ___________________________ Melissa Flores Legal Secretary 2/20/24 Minutes, Budget and Finance Commission Regular Session 3