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HomeMy WebLinkAboutMinutes - Budget and Finance Commission - 5/20/2025MINUTES BUDGET AND FINANCE COMMISSION REGULAR SESSION MAY 20, 2025 COUNCIL CHAMBERS 11000 N. LA CAÑADA DRIVE            REGULAR SESSION AT OR AFTER 4:00 PM   CALL TO ORDER at 4:03 PM.   ROLL CALL Present: Joyce Garland, Chair Eloho Okeze, Commissioner Michael Mason, Commissioner Absent:Dan Karlsberg, Vice Chair Matthew Miller, Commissioner Staff Present: Joe Winfield, Mayor Jeff Wilkins, Town Manager David Gephart, Chief Financial Officer Wendy Gomez, Deputy Finance Director Michael Spaeth, Principal Planner PLEDGE OF ALLEGIANCE led by Chair Garland   CALL TO AUDIENCE - No Speaker Cards were received.   STAFF LIAISON REPORT Chief Financial Officer, David Gephart, reported on the following: Staff is still moving forward with the Budget. The targeted date to present the Tentative Budget to Town Council is June 4th. At the next Town Council Meeting the following items will be addressed: Police Association MOU. Another OV Path Forward Presentation Zoning Code Amendments and the approval process Potential Adoption of the Town's Strategic Plan   REGULAR SESSION AGENDA   1.REVIEW AND APPROVAL OF THE APRIL 15, 2025 REGULAR SESSION MEETING MINUTES       Motion by Commissioner Michael Mason, seconded by Commissioner Eloho Okeze to approve the April 15, 2025 Regular Session Meeting Minutes. Vote: 3 - 0 Carried 5/20/25 Minutes, Budget and Finance Commission Regular Session 1  Vote: 3 - 0 Carried   2.DISCUSSION REGARDING SEVERAL PROPOSED TOWN FEE AND REVENUE INCREASES AND THE ASSOCIATED COMMUNITY ENGAGEMENT EFFORT Presentation by Michael Spaeth, Principal Planner. Discussion ensued amongst Staff and Commissioners.      3.PRESENTATION, REVIEW AND DISCUSSION OF TOWN FY2025/26 TOWN MANAGER'S RECOMMENDED BUDGET Presentation by David Gephart, Chief Financial Officer. Discussion ensued amongst Staff and Commissioners.      4.DISCUSSION AND POSSIBLE RECOMMENDATION ON DRAFT PSPRS PENSION FUNDING POLICY FOR FISCAL YEAR ENDING JUNE 30, 2026 Presentation by David Gephart, Chief Financial Officer. Discussion ensued amongst Staff and Commissioners.       Motion by Commissioner Michael Mason, seconded by Commissioner Eloho Okeze to recommend Town Council approval of the updated PSPRS pension funding policy for the fiscal year ending June 30, 2026, as presented.  Vote: 3 - 0 Carried   5.PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY24/25 FINANCIAL UPDATE THROUGH MARCH 2025 (PLEASE REFERENCE ATTACHMENTS) Presentation by Wendy Gomez, Deputy Financial Director. Discussion ensued amongst Staff and Commissioners.Mayor Winfield leaves at 6:03 PM.      COUNCIL LIAISON COMMENTS - The Mayor had no comments to report prior to his departure.   ADJOURNMENT    Motion by Commissioner Michael Mason, seconded by Commissioner Eloho Okeze to adjourn the meeting at 6:08 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 20th day of May, 2025. I further certify that the meeting was duly called and held and that a quorum was present. Dated this 20th day of May, 2025. ___________________________ Melissa Flores Legal Secretary 5/20/25 Minutes, Budget and Finance Commission Regular Session 2