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MINUTES BUDGET AND FINANCE COMMISSION REGULAR SESSION MARCH 21, 2023 COUNCIL CHAMBERS 11000 N. LA CAÑADA DRIVE

REGULAR SESSION AT OR AFTER 4:00 PM

CALL TO ORDER - Chair Mason called the meeting to order at 4:00 P.M.

ROLL CALL

Present:	Jennifer Carr, Commissioner
	John Fortunato, Commissioner
	Heather Laird, Vice Chair
	Michael Mason, Chair
Absent:	Gerald LeMay, Commissioner
Staff Present:	David Gephart, Chief Financial Officer
	Wendy Gomez, Deputy Finance Director
	Chris Hutchison, Senior Budget Analyst

PLEDGE OF ALLEGIANCE - Chair Mason 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:

- Budget season is underway.
- On April 18, 2023, the Town Manager recommended budget will be presented and will be distributed to Council the Budget and Finance commission on April 14, 2023.
- Town Manager search is ongoing and a projected finalist should be announced in early May 2023.
- The Town is updating its two (2) year strategic plan, with a study session on April 5, 2023.
- The Vistoso Trails Nature Preserve consultant has drafted a master plan which is scheduled to be reviewed by Council for approval in May.

REGULAR SESSION AGENDA

REVIEW AND APPROVAL OF THE FEBRUARY 21, 2023 REGULAR SESSION MEETING MINUTES


				Motion by Commissioner Jennifer Carr, seconded by Vice Chair Heather Laird to approve the February 21, 2023 regular session meeting minutes as written.

		Vote: 4 - 0 Carried

	2.	PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY 22/23 FINANCIAL UPDATE THROUGH JANUARY 2023 Deputy Finance Director, Wendy Gomez, presented on Agenda Item #2. Discussion ensued amongst staff and commissioners.

	3.	DISCUSSION AND POSSIBLE RECOMMENDATION OF DRAFT PUBLIC SAFETY PERSONNEL RETIREMENT SYSTEM (PSPRS) PENSION FUNDING POLICY FOR FISCAL YEAR ENDING JUNE 30, 2024. Chief Financial Officer, David Gephart, presented on Agenda Item #3. Discussion ensued amongst staff and commissioners.

COUNCIL LIAISON COMMENTS No comments were received.

FUTURE AGENDA ITEMS - Revisit Agenda Item #3 at the next meeting to discuss and approve edits to pension policies.

ADJOURNMENT


				Motion by Commissioner Jennifer Carr, seconded by Vice Chair Heather Laird to adjourn the meeting at 4:52 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 March, 2023. I further certify that the meeting was duly called and held and that a quorum was present.

Dated this 21st day of March, 2023.

___________________________
Melissa Flores
Legal Secretary