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MINUTES BUDGET AND FINANCE COMMISSION REGULAR SESSION June 16, 2020 ONLINE ZOOM MEETING

REGULAR SESSION AT OR AFTER 4:00 PM

CALL TO ORDER

ROLL CALL

Present:	James Beasley, Chairman
	John Latchford, Vice Chairman
	David Newell, Commissioner
	Cathy Solverson, Commissioner
	Michael Mason, Commissioner
Staff Present:	Josh Nicolson, Councilmember
	Mary Jacobs, Town Manager
	David Gephart, CFO
	Tobin Sidles, Legal Services Director
	Wendy Gomez, Finance & Budget Administrator
	Michael Dyckman , Senior Budget Analyst

CALL TO AUDIENCE

No speakers

STAFF LIAISON REPORT

Mr. Gephart gave a summary on investments. He mentioned he would be meeting with the Investment Advisor tomorrow.

Ms. Jacobs gave brief update on self insurance funds. She stated staff is working with legal and the Benefits Advisor. A presentation should go before the Council in the early part of fiscal year 2020/2021.

REGULAR SESSION AGENDA

DISCUSSION ON UPDATE OF TOWN FINANCES

Mr. Gephart gave information on April Sales Tax and the impact from COVID19.

Discussion ensued amongst the Commission and staff.

Ms. Gomez stated the May financials would be presented to the Council on July 15th and to the Commission on July 21st

DISCUSSION OF TOWN MANAGER'S RECOMMENDED BUDGET

Mr. Gephart stated the Tentative Budget would be before Council tomorrow.

Ms. Jacobs gave a brief summary of the presentation she will be proving Council.

Discussion ensued between the Commission and staff regarding CARES ACT FUND.

The Commission reviewed the memorandum to Council regarding the Commission's comments on the Town Manager's Recommended Budget.

COUNCIL LIAISON COMMENTS

Councilmember Nicolson mentioned the Council voted to direct staff to communicate with Conservation Fund to purchase the golf course.

He also stated the Council is receiving daily updates regarding the Bighorn Fire.

FUTURE AGENDA ITEMS

Commission training
Financial policies

ADJOURNMENT


				Motion by Commissioner Michael Mason, seconded by Commissioner Cathy Solverson to adjourn the meeting at 5:22 p.m.

Vote: 5 - 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 ____ day of ____________________, 2019. I further certify that the meeting was duly called and held and that a quorum was present.

Dated this _____ day of ____________________, 2019.

___________________________
Veronica Cubbage
Senior Office Specialist