HomeMy WebLinkAboutMinutes - Budget and Finance Commission - 2/15/2022MINUTES
BUDGET AND FINANCE COMMISSION
REGULAR SESSION
FEBRUARY 15, 2022
COUNCIL CHAMBERS
11000 N. LA CAÑADA DRIVE
REGULAR SESSION AT OR AFTER 4:00 PM
CALL TO ORDER - Acting Chair Solverson called the meeting to order at 4:02 P.M.
ROLL CALL
Present: Cathy Solverson, Acting Chair
Michael Mason, Commissioner
James Beasley, Commissioner
Staff Present:David Gephart, Chief Financial Officer
Tobin Sidles, Legal Services Director
Wendy Gomez, Finance and Budget Administrator
Chris Hutchison, Senior Budget Analyst
Joseph Winfield, Mayor
Clark Partridge, PSPRS Consultant
PLEDGE OF ALLEGIANCE - Acting Chair Solverson led the group in the Pledge of Allegiance.
CALL TO AUDIENCE - No comments were received.
STAFF LIAISON REPORT
Chief Financial Officer David Gephart reported on the following:
- Budget season is in full swing
- Town staff is redoing the 10 year CIPs
- Town Council retreat is on Friday
- Town Council meeting tomorrow will cover the Oro Valley Marketplace discussion
- Former Chair Latchford's resignation and two open seats on the Budget and Finance Commission
REGULAR SESSION AGENDA
1.DISCUSSION AND ACTION ON ELECTING A CHAIR AND VICE-CHAIR FOR THE BUDGET AND
FINANCE COMMISSION
Motion by Commissioner James Beasley, seconded by Commissioner Michael Mason to elect Acting
Chair Cathy Solverson as the Chair and to elect Commissioner Mason as the Vice Chair of the Budget
and Finance Commission for the coming year.
Vote: 3-0 Carried
2.REVIEW AND APPROVAL OF THE JANUARY 18, 2022 REGULAR SESSION MEETING MINUTES
Motion by Vice Chair Michael Mason, seconded by Commissioner James Beasley to approve the
January 18, 2022 minutes as written.
Vote: 3-0 Carried
3.PRESENTATION AND DISCUSSION OF PSPRS PENSION FUNDING AND RELATED PENSION
FUNDING POLICY
PSPRS Consultant Clark Partridge presented on Agenda Item #3 via Zoom.
Discussion ensued amongst staff and commissioners.
4.PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY 21/22 FINANCIAL UPDATE
THROUGH DECEMBER 2021
Finance and Budget Administrator Wendy Gomez presented on Agenda Item #4.
Discussion ensued amongst staff and commissioners.
COUNCIL LIAISON COMMENTS
Mayor Winfield congratulated Chair Solverson and Vice Chair Mason on their nominations.
Mayor Winfield invited the Budget and Finance Commission to attend the Town Council Retreat.
FUTURE AGENDA ITEMS
- Pension funding policy
ADJOURNMENT
Motion by Commissioner James Beasley, seconded by Vice Chair Michael Mason to adjourn the meeting at
5:06 P.M.
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 15 day of February, 2022.
I further certify that the meeting was duly called and held and that a quorum was present.
Dated this 18 day of February, 2022.
___________________________
Alison Cote
Legal Secretary