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MINUTES BUDGET AND FINANCE COMMISSION REGULAR SESSION APRIL 19, 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 PM.

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:

- Town Manager's Recommended Budget will be distributed soon
- the Town's Class and Compensation study will go before Town Council for approval on 5/18
- the performance of the Town's golf courses
- Jack Longley is the newest member of the Budget and Finance Commission

REGULAR SESSION AGENDA

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


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

				Vote: 4 - 0 Carried

	2.			DISCUSSION AND RECOMMENDATION OF DRAFT PSPRS PENSION FUNDING POLICY FOR FISCAL YEAR ENDING JUNE 30, 2023
				Discussion ensued amongst staff and commissioners regarding Agenda Item #2.


				Motion by Commissioner James Beasley, seconded by Vice Chair Michael Mason to recommend the PSPRS Pension Funding Policy with changes as outlined.

		Vote: 4 - 0 Carried

	3.	PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY 21/22 FINANCIAL UPDATE THROUGH FEBRUARY 2022
		Finance and Budget Administrator Wendy Gomez presented on Agenda Item #3. Discussion ensued amongst staff and commissioners.

COUNCIL LIAISON COMMENTS Mayor Joseph Winfield commented on the following: - The Town Council meeting the following night will include a presentation on an arts program and the PSPRS policy - Budget meetings scheduled for 5/11/22 and 5/12/22 in the Council Chambers at 5 P.M.

FUTURE AGENDA ITEMS - Debriefing on the new park property and its financial implications

ADJOURNMENT


				Motion by Vice Chair Michael Mason, seconded by Commissioner James Beasley to adjourn the meeting at 4:40 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 19 day of April, 2022. I further certify that the meeting was duly called and held and that a quorum was present.

Dated this 21 day of April, 2022.

___________________________
Alison Cote
Legal Secretary