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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
             
1. 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
             
2. 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

    

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