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MINUTES BUDGET AND FINANCE COMMISSION REGULAR SESSION SEPTEMBER 20, 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:	James Beasley, Commissioner
	John Fortunato, Commissioner
	Michael Mason, Vice-Chair
	Cathy Solverson, Chair
Staff Present:	David Gephart, Chief Financial Officer
	Tobin Sidles, Legal Services Director
	Wendy Gomez, Deputy Finance Director
	Chris Hutchison, Senior Budget Analyst

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:

- Auditors are scheduled to be on-site next week and then staff will draft financial statements
- Jack Longley resigned from the Commission and staff will advertise the vacancy soon
- At the Town Council meeting tomorrow evening on the Consent Agenda there is an item regarding the loan from the General Fund to the Water Utility Fund to utilize our ARPA resources for a 15-year loan

REGULAR SESSION AGENDA

REVIEW AND APPROVAL OF THE JUNE 21, 2022 REGULAR SESSION MEETING MINUTES


				Motion by Commissioner James Beasley, seconded by Vice-Chair Michael Mason to approve the June 21, 2022 regular session meeting minutes as written.

		Vote: 4 - 0 Carried

	2.	PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY 21/22 FINANCIAL UPDATE THROUGH JUNE 2022 (Please reference attachments)
		Deputy Finance Director Wendy Gomez provided a presentation regarding the Town of Oro Valley's FY 21/22 Financial Update through June 2022. Discussion ensued amongst staff and commissioners.

COUNCIL LIAISON COMMENTS - The council liaison was not present.

FUTURE AGENDA ITEMS - Oro Valley Marketplace - Vistoso Trails Nature Preserve - Westward Look - ASRS pension fund

ADJOURNMENT


				Motion by Vice-Chair Michael Mason, seconded by Commissioner James Beasley to adjourn the meeting at 4:41 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 21st day of September, 2022. I further certify that the meeting was duly called and held and that a quorum was present.

Dated this 22nd day of September, 2022.

___________________________
Danielle Tanner
Senior Office Specialist