Return
MINUTES
BUDGET AND FINANCE COMMISSION
REGULAR SESSION
NOVEMBER 17, 2020
ONLINE ZOOM MEETING
REGULAR SESSION AT OR AFTER 4:00 PM
CALL TO ORDER
- Chair Beasley called the meeting to order at 4:00 p.m.
ROLL CALL
Present:
John Latchford, Vice Chair
Michael Mason, Commissioner
David Newell, Commissioner
Cathy Solverson, Commissioner
James Beasley, Chair
Staff Present:
Mary Jacobs, Town Manager
David Gephart, Chief Financial Officer
Tobin Sidles, Legal Services Director
Wendy Gomez, Finance & Budget Administrator
Michael Dyckman, Senior Budget Analyst
Attendees:
Bernie Eaton, Hilton El Conquistador General Manager
PLEDGE OF ALLEGIANCE
- Commissioner Newell 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:
- Town audit
- Water bond refunding
- Town's investments
REGULAR SESSION AGENDA
1.
REVIEW AND APPROVAL OF THE OCTOBER 20, 2020 REGULAR SESSION MEETING MINUTES
Motion by
Commissioner Michael Mason,
seconded by
Vice Chair John Latchford to approve the October 20, 2020 minutes as written.
Vote:
5 - 0 Carried
2.
PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FISCAL YEAR 2020/21 FINANCIAL UPDATE THROUGH SEPTEMBER 2020
Finance and Budget Administrator Wendy Gomez presented the financial update through September 2020.
Discussion ensued amongst staff and the Commission regarding Agenda Item #2.
El Conquistador Golf General Manager Bernie Eaton spoke regarding golf sales and projections.
3.
REVIEW, DISCUSSION AND POSSIBLE ACTION ON PROPOSED TOWN FINANCIAL AND BUDGETARY POLICIES
Chief Financial Officer David Gephart reviewed the draft Town Financial and Budgetary Policies which included recommendations and additions proposed by the Commission and staff.
The Commission and staff discussed Agenda Item #3 and the Commission provided suggestions and feedback.
Motion by
Commissioner Cathy Solverson,
seconded by
Commissioner David Newell to approve recommending the draft Town financial and budgetary policies to the Town Council as amended.
Vote:
5 - 0 Carried
Chief Financial Officer David Gephart expressed appreciation to the Commission for their work on the policies.
COUNCIL LIAISON COMMENTS
- The Council liaison was not present.
FUTURE AGENDA ITEMS
Chief Financial Officer David Gephart suggested the following potential agenda items:
- Financial update
- 5-year forecast
- Audit service bid process
- PSPRS report
The Commission discussed canceling the December meeting at staff's discretion.
ADJOURNMENT
Motion by
Commissioner Michael Mason,
seconded by
Commissioner Cathy Solverson to adjourn the meeting at 7:24 p.m.
Vote:
5 - 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 November, 2020. I further certify that the meeting was duly called and held and that a quorum was present.
Dated this 18th day of November 2020.
___________________________
Danielle Tanner
Senior Office Specialist
AgendaQuick ©2005 - 2024 Destiny Software Inc. All Rights Reserved.