HomeMy WebLinkAboutMinutes - Budget and Finance Commission - 3/18/2025MINUTES
BUDGET AND FINANCE COMMISSION
REGULAR SESSION
MARCH 18, 2025
COUNCIL CHAMBERS
11000 N. LA CAÑADA DRIVE
REGULAR SESSION AT OR AFTER 4:00 PM
CALL TO ORDER
ROLL CALL
Present: Dan Karlsberg, Commissioner
Eloho Okeze, Commissioner
Michael Mason, Commissioner
Absent:Joyce Garland, Vice Chair (EXCUSED)
Matthew Miller, Commissioner
Staff Present:Joe Winfield, Mayor
Jeff Wilkins, Town Manager
David Gephart, Chief Financial Officer
Wendy Gomez, Deputy Finance Director
Chris Hutchison, Senior Budget Analyst
Tobin Sidles, Town Attorney
PLEDGE OF ALLEGIANCE led by David Gephart, Chief Financial Officer
ELECTION OF A TEMPORARY CHAIR FOR THE DURATION OF THE MARCH 18, 2025 MEETING
Motion by Commissioner Dan Karlsberg, seconded by Commissioner Eloho Okeze to elect Michael
Mason as the temporary Chair for the duration of the March 18, 2025 meeting.
Vote: 3 - 0 Carried
CALL TO AUDIENCE - No Speaker Cards were received.
STAFF LIAISON REPORT
Chief Financial Officer, David Gephart reported on the following:
Welcome remarks were given to the newly appointed Commissioners.
Town Manager's Recommended Budget is being finalized.
Council-member 1-1s are scheduled for the second week of April.
Highlights will be provided at the April 15 Budget and Finance Commission Meeting.
Formal distribution of the Town Manager's Recommended Budget is expected to be by April 28.
A Town Council Meeting is set for tomorrow, March 19 and the following items were brought to the
Commission's attention:
A presentation by Community and Economic Development Director, Paul Melcher to discuss the
Town's destination marketing organization, as well as, a resolution for the Town's Water Utility to
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enter into a private placement loan agreement with a bank to assist in funding its Northwest
Recharge Recovery Delivery System Partner Projects.
Staff is expected to bring forth a WIFA Loan before Town Council in April for the Northwest
Recharge Recovery Delivery System Individual Projects.
REGULAR SESSION AGENDA
1.REVIEW AND APPROVAL OF THE JANUARY 21, 2025 REGULAR SESSION MEETING MINUTES
Motion by Commissioner Eloho Okeze, seconded by Commissioner Dan Karlsberg to approve the
January 21, 2025 regular session meeting minutes.
Vote: 3 - 0 Carried
2.REVIEW AND APPROVAL OF THE FEBRUARY 18, 2025 REGULAR SESSION MEETING MINUTES
Motion by Commissioner Dan Karlsberg, seconded by Commissioner Eloho Okeze to approve the
February 18, 2025 regular session meeting minutes.
Vote: 3 - 0 Carried
3.DISCUSSION AND POSSIBLE ELECTION OF A CHAIR FOR THE BUDGET AND FINANCE
COMMISSION TO BEGIN 3/19/25
Motion by Commissioner Michael Mason, seconded by Commissioner Dan Karlsberg to elect
Commissioner Joyce Garland as the Chair of the Budget and Finance Commission beginning March 19,
2025, for this calendar year.
Vote: 3 - 0 Carried
4.DISCUSSION AND POSSIBLE ACTION ON ELECTING A VICE-CHAIR FOR THE BUDGET AND
FINANCE COMMISSION TO BEGIN 3/19/25
Motion by Commissioner Michael Mason, seconded by Commissioner Eloho Okeze to elect
Commissioner Dan Karlsberg as the Vice Chair of the Budget and Finance Commission
beginning March 19, 2025, for this calendar year.
Vote: 3 - 0 Carried
5.PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY24/25 FINANCIAL UPDATE
THROUGH DECEMBER 2024 (PLEASE REFERENCE ATTACHMENTS)
Presentation by Wendy Gomez, Deputy Finance Director. Discussion ensued amongst Staff and
Commissioners.
6.PRESENTATION AND POSSIBLE DISCUSSION REGARDING THE TOWN'S PRELIMINARY
FIVE-YEAR FINANCIAL FORECAST THROUGH FY2029/2030. (Please reference attachments)
Presentation by David Gephart, Chief Financial Officer. Discussion ensued amongst Staff and
Commissioners.
7.PRESENTATION AND DISCUSSION OF PSPRS PENSION FUNDING POLICY
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7.PRESENTATION AND DISCUSSION OF PSPRS PENSION FUNDING POLICY
Presentation by David Gephart, Chief Financial Officer. Discussion ensued amongst Staff and
Commissioners.
COUNCIL LIAISON COMMENTS
Mayor Winfield provided the following comments:
Welcome to the newly appointed commissioners.
The Town Court is completing phase two of what will be a phase three project.
A Ribbon Cutting ceremony was conducted at the Oro Valley Community and Recreation Center for the
new entrance.
A new shade structure was installed for the Farmer's Market at Steam Pump Ranch and more amenities
are to come.
Highlighted upcoming events:
April 12 will be the Celebrate Oro Valley for the Town's 51st Birthday
The OV Path Forward contributions received by the participating commissioners is greatly appreciated.
Oro Valley Trails System, OV Paths Connect:
The survey has closed.
A stakeholder meeting will be conducted in April.
ADJOURNMENT
Motion by Commissioner Dan Karlsberg, seconded by Commissioner Eloho Okeze to adjourn the
meeting at 5:46 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 18 day of March, 2025. I
further certify that the meeting was duly called and held and that a quorum was present.
Dated this 18 day of March, 2025.
___________________________
Melissa Flores
Legal Secretary
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