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MINUTES BUDGET AND FINANCE COMMISSION REGULAR SESSION APRIL 20, 2021 ONLINE ZOOM MEETING

REGULAR SESSION AT OR AFTER 4:00 PM

CALL TO ORDER - Chair Latchford called the meeting to order at 4:00 P.M.

ROLL CALL

Present:	John Latchford, Chairman
	Cathy Solverson, Vice Chairman
	David Newell, Commissioner
	James Beasley, Commissioner
	Michael Mason, Commissioner
Staff Present:	David Gephart, Chief Financial Officer
	Tobin Sidles, Legal Services Director
	Michael Dyckman, Senior Budget Analyst
	Wendy Gomez, Finance and Budget Administrator

PLEDGE OF ALLEGIANCE - Chair Latchford 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:

- The Town Council accepted the recommended solution on PSPRS at the last Town Council Meeting
- Upcoming budget study sessions and large items on the Town Council agenda
- The Town Council is anticipated to approve the Strategic Leadership Plan

Chief Financial Officer David Gephart congratulated his team on winning the Distinguished Budget Presentation Award for 2020.

REGULAR SESSION AGENDA

REVIEW AND APPROVAL OF THE MARCH 16, 2021 REGULAR SESSION MEETING MINUTES


				Motion by Commissioner James Beasley, seconded by Vice Chairman Cathy Solverson to approve the March 16, 2021 minutes as written.

				Vote: 5 - 0 Carried

	2.			BUDGET/FINANCE COMMISSION RECOMMENDATION OF APPROVAL OF PSPRS PENSION FUNDING POLICY TO THE TOWN OF ORO VALLEY TOWN COUNCIL. Chief Financial Officer David Gephart discussed the PSPRS Funding Policy that was selected and requested discussion from commissioners regarding changes needed to the document. Discussion ensued amongst staff and commissioners regarding Agenda Item #2.


				Motion by Chairman John Latchford, seconded by Commissioner Michael Mason to approve the updated wording to the PSPRS funding policy.

				Vote: 5 - 0 Carried

	3.			PRESENTATION AND POSSIBLE DISCUSSION ON THE TOWN MANAGER'S RECOMMENDED BUDGET FOR FY2021-2022. Finance and Budget Administrator Wendy Gomez and Senior Budget Analyst Michael Dyckman presented on the Town Manager's Recommended Budget for FY2021-2022. Discussion ensued amongst staff and commissioners regarding Agenda Item #3.

	4.			DISCUSSION AND POSSIBLE ACTION TO CHANGE MAY MEETING DATE Chief Financial Officer David Gephart presented on the need to change the May meeting date to Monday, May 17, 2021.


				Motion by Chairman John Latchford, seconded by Commissioner Michael Mason to move the next Budget and Finance Commission Regular Session meeting to May 17, 2021 at 4:00 P.M.

				Vote: 5 - 0 Carried

COUNCIL LIAISON COMMENTS The council liason was not present.

FUTURE AGENDA ITEMS No future agenda items were discussed.

ADJOURNMENT


				Motion by Commissioner David Newell, seconded by Vice Chairman Cathy Solverson to adjourn the meeting at 5:48 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 20th day of April, 2021. I further certify that the meeting was duly called and held and that a quorum was present.

Dated this 22 day of April, 2021.

___________________________
Alison Cote
Legal Secretary