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MINUTES BUDGET AND FINANCE COMMISSION REGULAR SESSION NOVEMBER 15, 2021 COUNCIL CHAMBERS 11000 N. LA CAÑADA DRIVE

REGULAR SESSION AT OR AFTER 4:00 PM

CALL TO ORDER - Chair Latchford called the meeting to order at 4:03 P.M.

ROLL CALL

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

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's investments with PFM Asset Management
- an opening on the Budget and Finance Commission
- budget season for next fiscal year will be starting soon
- status of the CAFR
- status of an ASRS update
- potentially canceling the next meeting for the holidays

REGULAR SESSION AGENDA

REVIEW AND APPROVAL OF THE OCTOBER 19, 2021 REGULAR SESSION MEETING MINUTES


				Motion by Commissioner James Beasley, seconded by Commissioner David Newell to approve the October 19, 2021 meeting minutes as written.

		Vote: 4 - 0 Carried

	2.	PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY 21/22 FINANCIAL UPDATE THROUGH SEPTEMBER 2021 Finance and Budget Administrator Wendy Gomez presented on the Town of Oro Valley's FY 2021/2022 Financial Update through September 2021. Discussion ensued amongst staff and commissioners. Commission members thanked Commissioner Newell for his service to the Budget and Finance Commission.

FUTURE AGENDA ITEMS - Commission members decided to cancel the next meeting and reconvene on January 18, 2022.

ADJOURNMENT


				Motion by Commissioner James Beasley, seconded by Vice Chairman Cathy Solverson to adjourn the meeting at 4:53 P.M.

Vote: 4 - 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 15th day of November, 2021. I further certify that the meeting was duly called and held and that a quorum was present.

Dated this 17 day of November, 2021.

___________________________
Alison Cote
Legal Secretary