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HomeMy WebLinkAbout2023-09-26 FC Regular 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 Regular Meeting of the Finance Committee was called to order by Chair Leo on Tuesday, September 26, 2023, at 10:00 a.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, Gretchen Heuring, Kathleen Kelly, Faith Messenger, Karina Quintanilla*, and Chair Robert Leo. Committee Member Quintanilla arrived at 10:03 a.m. Absent: Committee Members Jake Wuest 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; James Bounds, Finance Supervisor; Deborah Glickman, Management Analyst; and Michelle Nance, Recording Secretary. 3.ELECTION OF CHAIRPERSON AND VICE CHAIRPERSON OF THE FINANCE COMMITTEE MOTION BY COMMITTEE MEMBER MESSENGER, SECOND BY COMMITTEE MEMBER KELLY, CARRIED 5-0, to appoint Robert Leo to serve as Finance Committee Chairperson. MOTION BY COMMITTEE CHAIR LEO, SECOND BY COMMITTEE MEMBER MESSENGER, CARRIED 5-0, to appoint Carlos Garcia to serve as Finance Committee Vice Chairperson. Tuesday September 26, 2023 10:00 a.m. Regular Meeting DocuSign Envelope ID: 6C44EB04-44B2-45E7-8A88-2F239C83072C Finance Committee Minutes September 26, 2023 City of Palm Desert Page 2 4.NON-AGENDA PUBLIC COMMENT: None. 5.CONSENT CALENDAR: Committee Member Quintanilla arrived at this point of the meeting. A.APPROVAL OF MINUTES MOTION BY COMMITTEE MEMBER KELLY, SECOND BY COMMITTEE MEMBER GARCIA, CARRIED 6-0, to approve the Finance Committee Regular Meeting minutes of May 31, 2023. 6.ACTION CALENDAR A.FINANCE DIRECTOR’S REPORTS Finance Director Chavez presented the General Fund Financial Report for the year ending June 30th, 2023, and month ending August 31st, 2023, and responded to Committee Member inquiries. MOTION BY COMMITTEE MEMBER KELLY, SECOND BY COMMITTEE MEMBER MESSENGER, CARRIED 6-0, to receive and file the General Fund Financial Report for the year ending June 30th, 2023, and month ending August 31st, 2023. B.PARKVIEW OFFICE COMPLEX FINANCIAL REPORTS Finance Director Chavez presented the Parkview Office Complex Financial Report for the year ending June 30th, 2023, and month ending August 31st, 2023, and responded to Committee Member inquiries. MOTION BY COMMITTEE MEMBER GARCIA, SECOND BY COMMITTEE MEMBER MESSENGER, CARRIED 6-0, to receive and file the Parkview Office Complex Financial Report for the year ending June 30th, 2023, and month ending August 31st, 2023. C.DESERT WILLOW GOLF RESORT FINANCIAL REPORTS Desert Willow Golf Resort General Manager White presented the Desert Willow Golf Resort Financial Reports for the year ending June 30th, 2023, and month ending August 31st, 2023, and responded to Committee Member inquiries. MOTION BY COMMITTEE MEMBER KELLY, SECOND BY COMMITTEE MEMBER GARCIA, CARRIED 6-0, to receive and file the Desert Willow Financial Report for the year ending June 30th, 2023, and month ending August 31st, 2023. DocuSign Envelope ID: 6C44EB04-44B2-45E7-8A88-2F239C83072C Finance Committee Minutes September 26, 2023 City of Palm Desert Page 3 D.CITY TREASURER’S INVESTMENT REPORTS Finance Supervisor Bounds presented the City Treasurer’s Reports for the year ending June 30th, 2023, and month ending August 31st, 2023, and responded to Committee Member inquiries. MOTION BY COMMITTEE MEMBER GARCIA, SECOND BY COMMITTEE MEMBER QUINTANILLA, CARRIED 6-0, to receive and file the City Treasurer’s Investment Report for the year ending June 30th, 2023, and month ending August 31st, 2023. 7.INFORMATIONAL REPORTS & COMMENTS A.FINANCE COMMITTEE MEMBERS In response to inquiry, Finance Director Chavez and Mayor Kelly explained the City’s approach to climate change and preparing for weather events. Committee Member Quintanilla commended staff on job well done in the Finance Department during the recent weather event. Chair Leo encouraged staff to present audit summaries rather than full reports to the committee. B.CITY STAFF Committee Member Messenger and Chair Leo were appointed to the Audit Services RFP Subcommittee. C.ATTENDANCE REPORT – Report was provided; no action taken on this item. 8.ADJOURNMENT The Finance Committee adjourned at 10:41 a.m. Respectfully submitted, Michelle Nance, Deputy Clerk I Recording Secretary ATTEST: Veronica Chavez, Director of Finance Staff Liaison APPROVED BY THE FINANCE COMMITTEE: 11/28/2023 DocuSign Envelope ID: 6C44EB04-44B2-45E7-8A88-2F239C83072C