HomeMy WebLinkAboutMinutes - Budget and Finance Commission - 8/18/2020 MINUTES
BUDGET AND FINANCE COMMISSION
REGULAR SESSION
August 18,2020
ONLINE ZOOM MEETING
REGULAR SESSION AT OR AFTER 4:00 PM
CALL TO ORDER
ROLL CALL
Present: Chairman James Beasley
Vice Chairman John Latchford
Commissioner David Newell
Commissioner Michael Mason
Absent: Commissioner Cathy Solverson
Staff Present: Josh Nicolson,Councilmember
Mary Jacobs,Town Manager
David Gephart,CFO
Wendy Gomez,Finance and Budget Administrator
CALL TO AUDIENCE
No speakers
STAFF LIAISON REPORT
Mr.Gephart gave a brief update on the CARES ACT funding.
REGULAR SESSION AGENDA
1. REVIEW AND APPROVAL OF THE JULY 21,2020 REGULAR SESSION MEETING MINUTES
Motion by Commissioner Michael Mason,seconded by Vice Chairman John Latchford to approve the
minutes of the Budget and Finance Commission meeting from July 21,2020,as written.
Vote:4-0 Carried
2. TOWN INVESTMENTS AS OF JUNE 30,2020
Mr.Gephart gave a presentation on the Town's Investments.
Discussion regarding investments ensued between the Commission and staff.
3. PRESENTATION OF BASICS OF FUND ACCOUNTING
Mr.Gephart presented a PowerPoint presentation to the Commission.
Discussion amongst the Commission and staff occurred.
4. REVIEW AND DISCUSSION OF TOWN FINANCIAL AND BUDGETARY POLICIES
Mr.Gephart gave a brief presentation on the Town's financial and budgetary policies.
Discussion between the Commission and staff regarding adding and or deleting policies as well as the
structure of the policies occurred.
Chairman Beasley left the meeting at 5:28 pm.
COUNCIL LIAISON COMMENTS
Councilmember Nicolson mentioned Council was on break and the next regular session is September 2,
2020.
Councilmember Nicolson stated Council would provide an update regarding the fiscal analysis on
September 16,2020.
FUTURE AGENDA ITEMS
None
ADJOURNMENT
Motion by Commissioner Michael Mason,seconded by Commissioner David Newell to adjourn the
meeting at 6:19 pm.
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 18th day of
August,2020. I further certify that the meeting was duly called and held and that a quorum was present.
Dated this 18th day of August,2020.
Veronica Cubbage
Senior Office Specialist