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MINUTES
BUDGET AND FINANCE COMMISSION
SPECIAL SESSION
June 2, 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  
 
Michael Mason, Member  
 
Cathy Solverson, Commissioner  
Absent:
David Newell, Commissioner
Staff Present:
Josh Nicolson, Councilmember
Mary Jacobs, Town Manager
David Gephart, CFO
Tobin Sidles, Legal Services Director
Michael Dyckman , Senior Budget Analyst
             
CALL TO AUDIENCE
  No speakers
             
STAFF LIAISON REPORT
  No report.  Chairman Beasley asked if anyone had an objection to moving Item #3 and Item #4 around.  There was no objection. 
             
REGULAR SESSION AGENDA
             
1. REVIEW AND APPROVAL OF THE FEBRUARY 18, 2020, REGULAR SESSION MEETING MINUTES
  Motion by Commissioner Cathy Solverson, seconded by Member Michael Mason to approve the February 18, 2020, minutes as written.
  Vote: 4 - 0 Carried
 
Other: Commissioner David Newell (ABSENT)
             
2. PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY 19/20 FINANCIAL UPDATE THROUGH APRIL, 2020.
  Michael Dyckman presented the financial update through April 2020.

Discussion between the Commission and staff ensued.
             
3. PRESENTATION AND POSSIBLE DISCUSSION ON THE TOWN MANAGER'S RECOMMENDED BUDGET FOR FY2020-2021.
  Mr. Gephart gave a quick summary of the Town Manager's Recommended Budget to the Commission.

Ms. Jacobs mentioned to the Commission that each Director has made significant cuts to their individual department budgets.

Discussion ensued between the Commission and staff.  
             
4. BUDGET/FINANCE COMMISSION RECOMMENDATION OF APPROVAL OF PSPRS PENSION FUNDING POLICY TO THE TOWN OF ORO VALLEY TOWN COUNCIL.
  Mr. Gephart gave a short presentation on the PSPRS Pension Funding Policy.

Discussion amongst the Commission and staff ensued regarding providing more information to the policy to show how it will be funded.

The Commission had some concerns regarding the language on the payments of the policy.  

Discussion continued amongst the Commission and staff regarding the policy.

Staff will get a red line version of the policy to the Commission for review.
             
COUNCIL LIAISON COMMENTS
  No comments.
             
FUTURE AGENDA ITEMS
  No items.
             
ADJOURNMENT
  Motion by Commissioner Cathy Solverson, seconded by Vice Chairman John Latchford to adjourn the meeting at 6:59 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

    

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