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MINUTES BUDGET AND FINANCE COMMISSION REGULAR SESSION MAY 17, 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 Chair
	Michael Mason, Commissioner
	David Newell, Commissioner - arrived at 5:21 p.m.
	James Beasley, Commissioner
Staff Present:	Mary Jacobs, Town Manager
	David Gephart, Chief Financial Officer
	Tobin Sidles, Legal Services Director
	Wendy Gomez, Finance and Budget Administrator
	Michael Dyckman, Senior Budget Analyst

PLEDGE OF ALLEGIANCE - Vice 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 discussed the following:

-the town is moving forward with PSPRS bond issuance and this matter will be taken to council on June 2, 2021.

-Henry and Horne have been selected as the new auditing firm, and they will be onsite in September for fieldwork.

REGULAR SESSION AGENDA

REVIEW AND APPROVAL OF THE APRIL 20, 2021 REGULAR SESSION MEETING MINUTES


				Motion by Commissioner James Beasley, seconded by Commissioner Michael Mason to approve the April 20, 2021 minutes as written.

		Vote: 4 - 0 Carried

	2.	PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY 20/21 FINANCIAL UPDATE THROUGH MARCH 2021 Finance and Budget Administrator Wendy Gomez presented on the Town's FY 2020/2021 Financial Update through March 2021. Discussion ensued amongst staff and commissioners regarding Agenda Item #2.

	3.	DISCUSSION OF TOWN MANAGER'S FY 21/22 RECOMMENDED BUDGET Chief Financial Officer David Gephart led discussion amongst the staff and commissioners regarding Agenda Item #3. Chair Latchford thanked staff for their hard work on the budget.

COUNCIL LIAISON COMMENTS The council liaison was not present.

FUTURE AGENDA ITEMS No future agenda items were discussed.

ADJOURNMENT


				Motion by Vice Chair Cathy Solverson, seconded by Commissioner Michael Mason to adjourn the meeting at 5:41 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 May, 2021. I further certify that the meeting was duly called and held and that a quorum was present.

Dated this 19th day of May, 2021.

___________________________
Alison Cote
Legal Secretary