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MINUTES BUDGET AND FINANCE COMMISSION REGULAR SESSION JANUARY 18, 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 4:00 P.M.

ROLL CALL

Present:	Cathy Solverson, Acting Chair
	Michael Mason, Commissioner
	James Beasley, Commissioner
Absent:	John Latchford, Chairman
Staff Present:	David Gephart, Chief Financial Officer
	Wendy Gomez, Finance and Budget Administrator
	Chris Hutchison, Senior Budget Analyst
	Tobin Sidles, Legal Services Director
	Joseph Winfield, Mayor
	Brian Hemmerle, Auditor

PLEDGE OF ALLEGIANCE - Acting Chair Solverson led the group in the Pledge of Allegiance.

CALL TO AUDIENCE - No comments were received.

COUNCIL LIAISON COMMENTS

Mayor Joseph Winfield thanked the commission for all the work they've provided for the Town and stated the next Town Council meeting would address an audit report and study session.

STAFF LIAISON REPORT

Chief Financial Officer David Gephart reported on the following:

- ASRS and PSPRS pension plans
- budget season is underway and departments can begin making budget requests soon
- the finance team has been busy with calendar year-end items

REGULAR SESSION AGENDA

REVIEW AND APPROVAL OF THE NOVEMBER 15, 2021 REGULAR SESSION MEETING MINUTES


				Motion by Commissioner James Beasley, seconded by Commissioner Michael Mason to approve the November 15, 2021 meeting minutes as written.

		Vote: 3 - 0 Carried

	2.	PRESENTATION AND DISCUSSION OF TOWN ANNUAL COMPREHENSIVE FINANCIAL REPORT AND SINGLE AUDIT FOR FISCAL YEAR ENDED JUNE 30, 2021 Auditor Brian Hemmerle with Henry+Horne presented on Agenda Item #2. Discussion ensued amongst staff and commissioners.

	3.	PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY 21/22 FINANCIAL UPDATE THROUGH NOVEMBER 2021 Finance and Budget Administrator Wendy Gomez presented on Agenda Item #3. Discussion ensued amongst staff and commissioners.

FUTURE AGENDA ITEMS - a future presentation regarding PSPRS - a potential joint study session with Town Council

ADJOURNMENT


				Motion by Commissioner Michael Mason, seconded by Commissioner James Beasley to adjourn the meeting at 5:08 P.M.

Vote: 3 - 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 18 day of January, 2022. I further certify that the meeting was duly called and held and that a quorum was present.

Dated this 20 day of January, 2022.

___________________________
Alison Cote
Legal Secretary