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MINUTES BUDGET AND FINANCE COMMISSION REGULAR SESSION MARCH 15, 2022 COUNCIL CHAMBERS 11000 N. LA CAÑADA DRIVE

REGULAR SESSION AT OR AFTER 4:00 PM

CALL TO ORDER - Chair Solverson called the meeting to order at 4:00 p.m.

ROLL CALL

Present:	Cathy Solverson, Chair
	Michael Mason, Vice Chair
	James Beasley, Commissioner
	John Fortunato, Commissioner
Staff Present:	David Gephart, Chief Financial Officer
	Wendy Gomez, Finance and Budget Administrator
	Chris Hutchison, Senior Budget Analyst
	Tobin Sidles, Legal Services Director
Attendees:	Joseph Winfield, Town Council Liaison

PLEDGE OF ALLEGIANCE - 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 reported on the following:

- This Commission will review the Town Manager's Recommended Budget at the April 19, 2022 meeting
- There is one vacancy on the Commission and a new application was received today for review

REGULAR SESSION AGENDA

REVIEW AND APPROVAL OF THE FEBRUARY 15, 2022 REGULAR SESSION MEETING MINUTES


				Motion by Commissioner James Beasley, seconded by Vice Chair Michael Mason to approve the February 15, 2022 meeting minutes as written.

		Vote: 4 - 0 Carried

	2.	DISCUSSION AND POSSIBLE RECOMMENDATION OF DRAFT PSPRS PENSION FUNDING POLICY FOR FISCAL YEAR ENDING JUNE 30, 2023
		The Commission provided recommendations and feedback regarding the policy and recommended staff update the policy and present the modified document at the next meeting.

	3.	PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY 21/22 FINANCIAL UPDATE THROUGH JANUARY 2022 (Please reference the attachments for the Town's monthly financial update)
		Finance and Budget Administrator Wendy Gomez presented on Agenda Item #3. Discussion ensued amongst staff and the Commissioners.

COUNCIL LIAISON COMMENTS Mayor Joseph Winfield commented on the following: - Welcome John Fortunato - Current Community Center irrigation project - Community Center parking lot project expected in 2024 - Community Center tennis court project will be underway soon - Hotel occupancy rates appear to be increasing - Pusch Ridge Golf is doing well

FUTURE AGENDA ITEMS - Discussion on Rancho Vistoso Golf Course contract

ADJOURNMENT


				Motion by Commissioner James Beasley, seconded by Vice Chair Michael Mason to adjourn the meeting at 4:56 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 March, 2022. I further certify that the meeting was duly called and held and that a quorum was present.

Dated this 17th day of March, 2022.

___________________________
Danielle Tanner
Senior Office Specialist