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HomeMy WebLinkAboutMinutes - Budget and Finance Commission - 6/18/2024MINUTES BUDGET AND FINANCE COMMISSION REGULAR SESSION JUNE 18, 2024 COUNCIL CHAMBERS 11000 N. LA CAÑADA DRIVE            REGULAR SESSION AT OR AFTER 4:00 PM   CALL TO ORDER AT 4:03 PM BY CHAIR MASON   ROLL CALL Present: Joyce Garland, Member Michael Mason, Chair Matthew Miller, Member Absent:Jennifer Carr, Vice Chair (Excused) 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 speaker cards were received.   STAFF LIAISON REPORT Chief Financial Officer, David Gephart, reported on the following: - Town Council will be off for the Month of July. - Town Council approved water rate increases and adopted the tentative budget. - The Financial Policies will be on the Town Council's next Agenda for approval, as well as the final adopted budget for the Town. - There is a Path Forward presentation on the survey results - There will be various Personnel Policy amendments also on the next Town Council Agenda. - Staff prepares for the arrival of the Auditors. - Canceling of the July Budget and Finance Commission Meeting.   REGULAR SESSION AGENDA   1.REVIEW AND APPROVAL OF THE MAY 21, 2024 REGULAR SESSION MEETING MINUTES       Motion by Member Matthew Miller, seconded by Member Joyce Garland to approve the May 21, 2024 Regular Session Meeting Minutes as written.  Vote: 3 - 0 Carried   6/18/24 Minutes, Budget and Finance Commission Regular Session 1   2.PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY 23/24 FINANCIAL UPDATE THROUGH APRIL 2024 Presentation by Senior Budget Analyst, Chris Hutchison. Discussion ensued amongst Staff and Commissioners.      3.PRESENTATION, REVIEW AND POSSIBLE DISCUSSION OF FY2024/2025 BUDGET Presentation by Chief Financial Officer David Gephart. Discussion ensued amongst Staff and Commissioners.      COUNCIL LIAISON COMMENTS Mayor Winfield extends his and the Town Council's appreciation for reviewing the financial polices of the Town so diligently. Mayor Winfield continues to report the following: - In addition to the new water rate increase and water preservation fee increase, the Town Council also approved unanimously, in terms of land use, a self-storage expansion area near Hardy and Oracle.   ADJOURNMENT    Motion by Member Joyce Garland, seconded by Member Matthew Miller to adjourn the meeting at 4:39 P.M.  Vote: 3 - 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 18 day of June, 2024. I further certify that the meeting was duly called and held and that a quorum was present. Dated this 18 day of June, 2024. ___________________________ Melissa Flores Legal Secretary 6/18/24 Minutes, Budget and Finance Commission Regular Session 2