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MINUTES BUDGET AND FINANCE COMMISSION REGULAR SESSION OCTOBER 18, 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 4:05 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, Deputy Finance Director
	Tobin Sidles, Legal Services Director
	Joseph Winfield, Mayor

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:

- Council tabled the General Fund to Water Fund loan. Staff expects to bring this back for Council consideration in December.
- Establishing an additional Commission for Health Benefits Trust.

REGULAR SESSION AGENDA

REVIEW AND APPROVAL OF THE SEPTEMBER 20, 2022 REGULAR SESSION MEETING MINUTES


					Motion by Commissioner James Beasley, seconded by Vice Chair Michael Mason to approve the September 20, 2022, regular session meeting minutes as written.

		Vote: 4 - 0 Carried

	2.	REVIEW, DISCUSSION AND POSSIBLE ACTION ON PROPOSED TOWN FINANCIAL AND BUDGETARY POLICIES
		Discussion ensued amongst Chief Financial Officer David Gephart and Commissioners on proposed Town Financial and Budgetary policies. Determination is that Finance will bring back Proposed Town Financial and Budgetary Policies after edits.

	3.	PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY 22/23 FINANCIAL UPDATE THROUGH AUGUST 2022 (Please reference attachments)
		Deputy Finance Director Wendy Gomez presented on Agenda Item #3. Discussion ensued amongst staff and commissioners.

COUNCIL LIAISON COMMENTS Mayor Joseph Winfield commented on the following: - Town Manager Mary Jacobs submitted resignation on September 23, 2022. - Deputy Town Manager Chris Cornelison is the Acting Town Manager. - Human Resources began the process for securing an Executive Search Firm. - Naranja Park update - Ribbon cutting for Golf/Tennis court on October 26, 2022. - State of the Town is on October 27, 2022.

FUTURE AGENDA ITEMS None at this time.

ADJOURNMENT


					Motion by Commissioner James Beasley, seconded by Vice Chair Michael Mason to adjourn the meeting at 5:15 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 18 day of October, 2022. I further certify that the meeting was duly called and held and that a quorum was present.

Dated this 7 day of November, 2022.

___________________________
Andrea Sirois
Executive Assistant to Town Manager, Mayor and Council