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MINUTES BUDGET AND FINANCE COMMISSION REGULAR SESSION MARCH 19, 2024 COUNCIL CHAMBERS 11000 N. LA CAÑADA DRIVE

REGULAR SESSION AT OR AFTER 4:00 PM

CALL TO ORDER

ROLL CALL

Present:	Jennifer Carr, Vice Chair
	Joyce Garland, Member
	Michael Mason, Chair
	Matthew Miller, Member
Absent:	Gerald LeMay, Member
Staff Present:	Jeff Wilkins, Town Manager
	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 has begun and Staff has held departmental meetings to review each department's requests.
- The Town Manager's Recommended Budget is set to be distributed by or on April 19.
- Council Member One-on-One sessions are being held in late April and early May.
- The Five-Year Budget Forecast will be presented at the April Budget and Finance Commission meeting, then to Town Council the following day.
- At the last Town Council Meeting, the item regarding the Vistoso Trial Nature Preserve was discussed and, as related to budget, Town Council provided Staff direction to add two million dollars of capacity into next year's budget for the various needs related to the preserve. Additional direction of the allocation of these funds will be provided to staff at the next Town Council Meeting.
- Also at the next Town Council Meeting, there will be discussion on the Pusch Ridge Golf Course bridge on the seventh hole. The bridge is considered unsafe to use. The item requests additional resources to remedy the situation. A proposal of permanently putting the bridge out of commission and creating an alternative route will be presented and the potential cost would be $250,000.
- Additionally, at the next Town Council Meeting, an item will be addressed regarding the Vistoso Highlands Development. There is a developer, who was part of the acquisition of the Vistoso Trails Nature Preserve, that will provide proposals to Town Council on how to proceed with the development of the property.

REGULAR SESSION AGENDA

REVIEW AND APPROVAL OF THE FEBRUARY 20, 2024 REGULAR SESSION MEETING MINUTES


				Motion by Vice Chair Jennifer Carr, seconded by Member Joyce Garland to approve the March 19, 2024 Regular Session Meeting Minutes as written.

		Vote: 4 - 0 Carried

	2.	PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY 23/24 FINANCIAL UPDATE THROUGH JANUARY 2024 Wendy Gomez, Deputy Finance Director, leads the discussion. Discussion further ensued amongst staff and commissioners.

	3.	REVIEW AND DISCUSSION ON PROPOSED TOWN FINANCIAL AND BUDGETARY POLICIES FOR FY 2024/25 David Gephart, Chief Financial Officer, leads the discussion. Discussion further ensued amongst staff and commissioners.

COUNCIL LIAISON COMMENTS No comments were received.

ADJOURNMENT


				Motion by Vice Chair Jennifer Carr, seconded by Member Matthew Miller to adjourn the meeting at 5:28 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 19th day of March, 2024. I further certify that the meeting was duly called and held and that a quorum was present.

Dated this 19 day of March, 2024.

___________________________
Melissa Flores
Legal Secretary