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HomeMy WebLinkAboutMinutes - Budget and Finance Commission - 5/21/2024MINUTES BUDGET AND FINANCE COMMISSION REGULAR SESSION MAY 21, 2024 COUNCIL CHAMBERS 11000 N. LA CAÑADA DRIVE            REGULAR SESSION AT OR AFTER 4:00 PM   CALL TO ORDER AT 4:00 PM BY CHAIR MASON   ROLL CALL Present: Jennifer Carr, Vice Chair Joyce Garland, Member Michael Mason, Chair Matthew Miller, Member Absent:Gerald LeMay, Member Staff Present:Joe Winfield, Mayor David Gephart, Chief Financial Officer Wendy Gomez, Deputy Finance Director Chris Hutchison, Senior Budget Analyst 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: - Budget update: - Two study sessions have occured. - The Town Manager's Recommended Budget has been provided. - Staff is currently working on the Tentative Budget and the plan is to provide the budget to Council on June 5th for approval. - For the June 5th Council Meeting, the following also be presented: - A water rate increase. - The survey results from the Oro Valley Path Forward. - The financial update presented this evening. - The Water Department has received a $1.6 million WIFA grant award.   REGULAR SESSION AGENDA   1.REVIEW AND APPROVAL OF THE APRIL 16, 2024 REGULAR SESSION MEETING MINUTES       Motion by Vice Chair Jennifer Carr, seconded by Member Joyce Garland to approve the April 16, 2024 Regular Session Meeting Minutes as written. 5/21/24 Minutes, Budget and Finance Commission Regular Session 1  Vote: 4 - 0 Carried   2.PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY 23/24 FINANCIAL UPDATE THROUGH MARCH 2024 (Please reference attachments) Wendy Gomez, Deputy Finance Director, led the discussion amongst the Commissioners and Staff.      COUNCIL LIAISON COMMENTS Mayor Winfield provided the following comments: - The next Town Council Meeting will be on June 5th. - Oro Valley Path Forward Presentation will be moved to June 19th meeting. - Naranja Park grand reopening had a large turnout. - It is National Public Works Week, so it is encouraged to show appreciation for all those who work in that department.   ADJOURNMENT    Motion by Vice Chair Jennifer Carr, seconded by Member Matthew Miller to adjourn the meeting at 4:27 PM.  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 21st day of May, 2024. I further certify that the meeting was duly called and held and that a quorum was present. Dated this 21st day of May, 2024. ___________________________ Melissa Flores Legal Secretary 5/21/24 Minutes, Budget and Finance Commission Regular Session 2