HomeMy WebLinkAbout2023-01-24 FC Regular Meeting MinutesCity of Palm Desert Page 1
FINANCE COMMITTEE
CITY OF PALM DESERT, CALIFORNIA
MINUTES
Pursuant to Assembly Bill 361, this meeting was conducted by teleconference, and there
was in-person public access to the meeting location.
1.CALL TO ORDER
The Finance Committee was called to order by Chair Leo on Tuesday, January 24, 2023 at
10:00 a.m.
2.ROLL CALL
Present: Committee Members, Carlos E. Garcia, Kathleen Kelly, Karina Quintanilla, Jake
Wuest, and Chair Robert Leo.
Absent: Committee Members, Karen Alexander and Faith Messenger
City Staff
Present: Director of Finance Veronica Chavez; Deputy Director of Finance John Ramont;
Deputy Director of Finance Liberty Urban; Finance Supervisor James Bounds;
Recording Secretary Sarah Castro; and Finance Admin Assistant Skky Garcia,
were present at Roll Call. Other staff members presented reports or responded to
questions as indicated in the minutes.
3.NON-AGENDA PUBLIC COMMENT:
None.
4.CONSENT CALENDAR:
A.APPROVAL OF MINUTES
MOTION BY COMMITTEE MEMBER WUEST, SECOND BY COMMITTEE MEMBER
GARCIA, CARRIED 5-0, to approve the Finance Committee Special Meeting minutes of
October 25th, 2022.
5.ACTION CALENDAR
A.FINANCE DIRECTOR’S REPORT FOR GENERAL FUND FINANCIAL REPORT AND
Tuesday
January 24, 2023
10:00 a.m.
Regular Meeting
Page 5
DocuSign Envelope ID: 6978F96D-6883-4375-BB84-08B7273E2A7B
Finance Committee Minutes January 24, 2023
City of Palm Desert Page 2
PARKVIEW OFFICE COMPLEX FINANCIAL REPORT
Finance Director Chavez presented General Fund Financial Report and responded to
Committee Member inquiries.
Deputy Director Urban presented Parkview Office Complex Financial Report and
responded to Committee Member inquiries.
1.MOTION BY COMMITTEE MEMBER GARCIA, SECOND BY COMMITTEE
MEMBER WUEST, CARRIED 5-0, to approve General Fund Financial Report for
months ending November 30 and December 31, 2022.
2.MOTION BY COMMITTEE MEMBER QUINTANILLA, SECOND BY COMMITTEE
MEMBER WUEST, CARRIED 5-0, to approve Parkview Office Complex Financial
Report for months ending November 30 and December 31, 2022.
B.DESERT WILLOW GOLF RESORT FINANCIAL REPORT
Desert Willow Golf Resort General Manager White presented Desert Willow Golf Resort
Financial Report and responded to Committee Member inquiries.
MOTION BY COMMITTEE MEMBER CHAIRMAN LEO, SECOND BY COMMITTEE
MEMBER QUINTANILLA, CARRIED 5-0, to approve Desert Willow Golf Resort Financial
Report for months ending November 30 and December 31, 2022.
C.CITY TREASURER’S REPORT
Deputy Director Ramont presented City Treasurer’s Report and responded to Committee
Member inquiries.
MOTION BY COMMITTEE MEMBER QUINTANILLA, SECOND BY COMMITTEE
MEMBER GARCIA, CARRIED 5-0, to approve City Treasurer’s Report for months ending
November 30 and December 31, 2022.
6.INFORMATIONAL REPORTS & COMMENTS
A.FINANCE COMMITTEE MEMBERS
Member Wuest was curious about LAIF and CAMP numbers and future numbers. City
staff answered questions about LAIF and CAMP.
B.CITY STAFF
Deputy Directory Urban updated the Finance Committee about the progress and completion
of the Audit and let the committee know the report should be completed by March. Deputy
Directory Urban was happy to report the Audit was a clean. Finance Supervisor Bounds spoke
on the status of Investment Advisory Request for Proposal (RFP). Bounds explained the RFP is
now closed and there are 5 great candidates in the review process. Deputy Director Ramont
spoke on the status of the Banking Services Transition. Ramont let the committee know contracts
have been signed and we are now in the process of getting ready to set up accounts.
DocuSign Envelope ID: 6978F96D-6883-4375-BB84-08B7273E2A7B
Finance Committee Minutes January 24, 2023
City of Palm Desert Page 3
C.ATTENDANCE REPORT
The attendance report was provided with the agenda materials. The Committee took no
action on this matter.
7.ADJOURNMENT
MOTION BY COMMITTEE MEMBER QUINTANILLA, SECOND BY COMMITTEE MEMBER
GARCIA, CARRIED 5-0, to approve motion for adjournment for meeting to end at 10:40 a.m.
Respectfully submitted,
Sarah Castro, Administrative Assistant
Recording Secretary
ATTEST:
Veronica Chavez, Director of Finance
Secretary
APPROVED BY THE FINANCE COMMITTEE: 3/28/2023
DocuSign Envelope ID: 6978F96D-6883-4375-BB84-08B7273E2A7B