BUDGET AND FINANCE COMMISSION
June 16, 2020
ONLINE ZOOM MEETING
REGULAR SESSION AT OR AFTER 4:00 PM
CALL TO ORDER
James Beasley, Chairman
John Latchford, Vice Chairman
David Newell, Commissioner
Cathy Solverson, Commissioner
Michael Mason, Commissioner
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
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
Commissioner Michael Mason,
Commissioner Cathy Solverson to adjourn the meeting at 5:22 p.m.
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.
Senior Office Specialist
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