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MINUTES BUDGET AND FINANCE COMMISSION REGULAR SESSION July 21, 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
	Cathy Solverson, Commissioner
	Michael Mason, Commissioner
Absent:	David Newell, Commissioner
Staff Present:	Josh Nicolson, Councilmember
	Mary Jacobs, Town Manager
	David Gephart, CFO
	Tobin Sidles, Legal Services Director
	Wendy Gomez, Finance & Budget Administrator

CALL TO AUDIENCE - No speakers

COUNCIL LIAISON COMMENTS

Councilmember Nicolson stated the Council approved the budget at the last Council meeting. He thanked the Commissioners for their work on the budget.

STAFF LIAISON REPORT

Mr. Gephart stated other than the budget passing with a 7-0 vote at last Wednesday's Council meeting, he had no new information to share with the Commission at this time.

REGULAR SESSION AGENDA

REVIEW AND APPROVAL OF THE JUNE 2, 2020 SPECIAL SESSION MEETING MINUTES.

REVIEW AND APPROVAL OF THE JUNE 4, 2020 SPECIAL SESSION MEETING MINUTES.

REVIEW AND APPROVAL OF THE JUNE 16, 2020 REGULAR SESSION MEETING MINUTES.


				Motion by Vice Chairman John Latchford, seconded by Commissioner Cathy Solverson to approve the minutes of the Budget and Finance Commission meetings June 2, 2020, June 4, 2020 and June 16, 2020 as written.

Vote: 4 - 0 Carried

Other:

Commissioner David Newell (ABSENT)

PRESENTATION AND FINANCIAL REPORT THROUGH MAY, 2020.

Ms. Gomez gave a brief update on the financials through May 2020.

Discussion ensued between the Commission and staff.

Agenda Item 3492 has been removed from the agenda. Please remove this line from the minutes.

Mr. Gephart gave a presentation on the financial and budgetary policies of the town.

Discussion amongst the Commission and staff ensued.

FUTURE AGENDA ITEMS

Investments
Fund accounting

ADJOURNMENT


				Motion by Commissioner Michael Mason, seconded by Commissioner Cathy Solverson to adjourn meeting at 5:18 p.m.

Vote: 4 - 0 Carried

Other:

Commissioner David Newell (ABSENT)

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