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HomeMy WebLinkAboutMinutes - Budget and Finance Commission - 2/17/2026MINUTES BUDGET AND FINANCE COMMISSION REGULAR SESSION FEBRUARY 17, 2026 COUNCIL CHAMBERS 11000 N. LA CAÑADA DRIVE           REGULAR SESSION AT OR AFTER 4:00 PM   CALL TO ORDER at 4:02 by Chair Karlsberg   ROLL CALL Present: Dan Karlsberg, Chair Joyce Garland, Vice Chair John Moothart, Member Eloho Okeze, Member Erin Krapf, Member Staff Present: Joe Winfield, Mayor Jeff Wilkins, Town Manager David Gephart, Chief Financial Officer Wendy Gomez, Deputy Finance Director Chris Hutchison, Senior Budget Analyst PLEDGE OF ALLEGIANCE led by Chair Karlsberg   CALL TO AUDIENCE - No speaker cards were received.   STAFF LIAISON REPORT Chief Financial Officer, David Gephart, reported the following: Agenda items that are significant wins over the last five years: PSPRS, an update will be provided Golf has been a significant win in it's performance At the next Town Council Meeting: Discussion and possible action regarding Town of Oro Valley actions that could possibly attract a COSTCO or similar retailer Discussion and possible action regarding initiating a process that can help the Town in looking for efficiency opportunities RTA Next Ballot should have been received in the mail and everyone is encouraged to vote.   REGULAR SESSION AGENDA   1.REVIEW AND APPROVAL OF THE JANUARY 20, 2026 REGULAR SESSION MEETING MINUTES    Motion by Member John Moothart, seconded by Vice Chair Joyce Garland to approve the January 20, 2026, regular session meeting minutes. 2/17/26 Minutes, Budget and Finance Commission Regular Session 1  Vote: 5 - 0 Carried   2.PRESENTATION AND DISCUSSION OF PSPRS PENSION FUNDING POLICY Presentation by David Gephart, Chief Financial Officer. Discussion ensued amongst Staff and Commissioners. Commissioner Moothart leaves meeting at 4:43 PM.   3.INTRODUCTION AND POSSIBLE DISCUSSION OF DRAFT RECESSION PLAN Presentation by David Gephart. Discussion ensued amongst Staff and Commissioners.   4.PRESENTATION AND DISCUSSION OF GOLF FUND FISCAL ANALYSIS Blue speaker card received from Town Resident Tony D'Angelo for Agenda Item 4. D'Angelo speaks on item 4. Presentation by David Gephart. Discussion ensued amongst staff and commissioners.   COUNCIL LIAISON COMMENTS Mayor Winfield provided the following comments: On February 2nd there was a ribbon cutting for the Oro Valley Town Court's remodel, which was a 3.1 million dollar investment. Marana and Oro Valley recently formalized a regional bicycling partnership, which is tied to leisure tourism efforts There is an Off the Vine wine festival on February 21 at James D. Kriegh Park Tucson Bicycle Classic will have the final race in Oro Valley on the 22nd. Please view the Town website for other Town Activities   ADJOURNMENT    Motion by Vice Chair Joyce Garland, seconded by Member Eloho Okeze to adjourn the meeting at 5:51 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 17th day of February, 2026. I further certify that the meeting was duly called and held and that a quorum was present. Dated this 17th day of February, 2026. ___________________________ Melissa Flores Legal Secretary 2/17/26 Minutes, Budget and Finance Commission Regular Session 2