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HomeMy WebLinkAbout2023-05-31 FC Special Meeting MinutesCity of Palm Desert Page 1 FINANCE COMMITTEE CITY OF PALM DESERT, CALIFORNIA MINUTES Click HERE to review the meeting audio. Click HERE to access the meeting agenda packet. 1.CALL TO ORDER A Special Meeting of the Finance Committee was called to order by Chair Leo on Wednesday, May 31, 2023, at 1:00 p.m., in the North Wing Conference Room, City Hall, located at 73-510 Fred Waring Drive, Palm Desert, California. 2.ROLL CALL Present: Committee Members Carlos Garcia, Kathleen Kelly, Faith Messenger, Jake Wuest, and Chair Robert Leo. Absent: Committee Members Karen Alexander and Karina Quintanilla. Liaisons: Derek White and Anthony Hernandez of Desert Willow Golf Resort. City Staff Present: Veronica Chavez, Director of Finance; John Ramont, Deputy Director of Finance; Liberty Urban, Deputy Director of Finance; and Michelle Nance, Recording Secretary. 3.NON-AGENDA PUBLIC COMMENT: None. 4.CONSENT CALENDAR: A.APPROVAL OF MINUTES MOTION BY COMMITTEE MEMBER KELLY, SECOND BY COMMITTEE MEMBER MESSENGER, CARRIED 5-0, to approve the Finance Committee Regular Meeting minutes of January 24, 2023. Wednesday May 31, 2023 1:00 p.m. Special Meeting DocuSign Envelope ID: DF491C2D-9BBF-4AE7-A50B-8FE994743E5B Finance Committee Minutes May 31, 2023 City of Palm Desert Page 2 5.ACTION CALENDAR A.FINANCE DIRECTOR’S REPORTS Finance Director Chavez presented the General Fund Financial Report for March and April 2023 and responded to Committee Member inquiries. MOTION BY COMMITTEE MEMBER WUEST, SECOND BY COMMITTEE MEMBER GARCIA, CARRIED 5-0, to receive and file the General Fund Financial Report and the Parkview Office Complex Financial Report for the months of March 2023. MOTION BY COMMITTEE MEMBER MESSENGER, SECOND BY COMMITTEE MEMBER WUEST, CARRIED 5-0, to receive and file the General Fund Financial Report and the Parkview Office Complex Financial Report for the months of April 2023. B.PARKVIEW OFFICE COMPLEX FINANCIAL REPORTS Deputy Director Urban presented the Parkview Office Complex Reports for March and April 2023 and responded to Committee Member inquiries. MOTION BY COMMITTEE MEMBER GARCIA, SECOND BY COMMITTEE MEMBER MESSGENGER, CARRIED 5-0, to receive and file the General Fund Financial Report and the Parkview Office Complex Financial Report for the months of March and April 2023. C.DESERT WILLOW GOLF RESORT FINANCIAL REPORTS Desert Willow Golf Resort General Manager White presented the Desert Willow Golf Resort Financial Reports for March and April 2023 and responded to Committee Member inquiries. MOTION BY COMMITTEE MEMBER WUEST, SECOND BY COMMITTEE MEMBER GARCIA, CARRIED 5-0, to receive and file the Desert Willow Financial Report for the months of March and April 2023. D.CITY TREASURER’S INVESTMENT REPORTS Finance Director Chavez presented the City Treasurer’s Reports for March and April 2023 and responded to Committee Member inquiries. MOTION BY COMMITTEE MEMBER MESSENGER, SECOND BY COMMITTEE MEMBER GARCIA, CARRIED 5-0, to receive and file the City Treasurer’s Investment Report for the months of March and April 2023. DocuSign Envelope ID: DF491C2D-9BBF-4AE7-A50B-8FE994743E5B Finance Committee Minutes May 31, 2023 City of Palm Desert Page 3 6. INFORMATIONAL REPORTS & COMMENTS A. FINANCE COMMITTEE MEMBERS In response to inquiry, Finance Director Chavez and Mayor Kelly explained the purpose and uses of the special fund accounts and general fund reserves. Committee Member Wuest commended staff on job well done with all the many changes occurring in the Finance Department. Chair Leo encouraged staff to present audit summaries rather than full reports to the committee. B. CITY STAFF Finance Director Chavez noted cancellation of the July meeting. C.ATTENDANCE REPORT – Report was provided; no action taken on this item. 7. ADJOURNMENT The Finance Committee adjourned at 1:35 p.m. Respectfully submitted, Michelle Nance, Deputy Clerk I Recording Secretary ATTEST: Veronica Chavez, Director of Finance Staff Liaison APPROVED BY THE FINANCE COMMITTEE: 9/26/2023 DocuSign Envelope ID: DF491C2D-9BBF-4AE7-A50B-8FE994743E5B