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HomeMy WebLinkAboutMinutes - Budget and Finance Commission - 3/17/2026MINUTES BUDGET AND FINANCE COMMISSION REGULAR SESSION MARCH 17, 2026 COUNCIL CHAMBERS 11000 N. LA CAÑADA DRIVE           REGULAR SESSION AT OR AFTER 4:00 PM   CALL TO ORDER at 4:01 PM by Vice Chair Garland   ROLL CALL Present: (Via Zoom) John Moothart, Commissioner Joyce Garland, Vice Chair Erin Krapf, Commissioner Absent:Eloho Okeze, Commissioner Dan Karlsberg, Chair Staff Present: Joe Winfield, Mayor David Gephart, Chief Financial Officer Jeff Wilkins, Town Manager Wendy Gomez, Deputy Finance Director Chris Hutchison, Senior Budget Analyst PLEDGE OF ALLEGIANCE led by Vice Chair Garland   CALL TO AUDIENCE - No speaker cards were received   STAFF LIAISON REPORT Chief Financial Officer, David Gephart, reported the following: Congratulations to Deputy Finance Director, Wendy Gomez on achieving her Certified Public Finance Officer credential with GFOA The next Town Council Meeting will address: The Five-Year Forecast Presentation that is on this Agenda Happy Joes Pizza and Ice Cream Liquor License Approval Request Discussion and Possible Action regarding the Tourism Advisory Commission rankings of the draft Oro Valley Leisure Travel Management Plan Non-Operating recommendations At the March 4th Town Council meeting: Chief Financial Officer, David Gephart, presented the mid-year financials (to be heard this evening) Town Council approved a Notice of Intent to increase potable water base rates for next fiscal year A Reallocation of Funding request was approved to accommodate a change order for the Naranja Drive Multi-Use Path Staff received direction from Town Council on a possible traffic signal at the intersection of Tangerine Road and Musette Drive Direction to Staff regarding cellphone connectivity issues north of Tangerine Road RTA Next passed   REGULAR SESSION AGENDA 3/17/26 Minutes, Budget and Finance Commission Regular Session 1 REGULAR SESSION AGENDA   1.REVIEW AND APPROVAL OF THE FEBRUARY 17, 2026 REGULAR SESSION MEETING MINUTES    Motion by Commissioner (Via Zoom) John Moothart, seconded by Commissioner Erin Krapf to approve the February 17, 2026, Regular Session Meeting Minutes  Vote: 3 - 0 Carried   2.PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY25/26 FINANCIAL UPDATE THROUGH DECEMBER 2025 (PLEASE REFERENCE ATTACHMENTS) Presentation by Deputy Finance Director, Wendy Gomez. Discussion ensued amongst Staff and Commissioners   3.DISCUSSION AND POSSIBLE RECOMMENDATION OF DRAFT PSPRS PENSION FUNDING POLICY FOR FISCAL YEAR 2027 Presented by Chief Financial Officer, David Gephart. Discussion Ensued amongst Staff and Commissioners. Mayor Winfield leaves the meeting at 5:00 PM    Motion by Commissioner (Via Zoom) John Moothart, seconded by Commissioner Erin Krapf to recommend Town Council approval of the updated PSPRS pension funding policy for the fiscal year ending June 30, 2027, as presented.  Vote: 3 - 0 Carried   4.PRESENTATION AND POSSIBLE DISCUSSION REGARDING THE TOWN'S PRELIMINARY FIVE-YEAR FINANCIAL FORECAST THROUGH FY2030/2031. (Please reference attachments) Presentation by Chief Financial Officer, David Gephart. Discussion ensued amongst staff and commissioners.   5.PRESENTATION AND DISCUSSION OF BUDGET STABILIZATION PLAN Presentation by Chief Financial Officer, David Gephart. Discussion ensued amongst Staff and Commissioners.    Motion by Commissioner Erin Krapf, seconded by Commissioner (Via Zoom) John Moothart to recommend Town Council approval of the Oro Valley Budget Stabilization Plan with recommended changes.  Vote: 3 - 0 Carried   COUNCIL LIAISON COMMENTS Mayor Winfield left a comment with the Recording Secretary, Melissa Flores, to inform the Commission of the upcoming Celebrate Oro Valley Concert Series and the schedule is on the website.   ADJOURNMENT    Motion by Commissioner Erin Krapf, seconded by Commissioner (Via Zoom) John Moothart to adjourn the meeting at 6:40 PM 3/17/26 Minutes, Budget and Finance Commission Regular Session 2  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 17th day of March, 2026. I further certify that the meeting was duly called and held and that a quorum was present. Dated this 17th day of March, 2026. ___________________________ Melissa Flores Legal Secretary 3/17/26 Minutes, Budget and Finance Commission Regular Session 3