HomeMy WebLinkAbout2022-11-29 FC Special Meeting MinutesFINANCE COMMITTEE
CITY OF PALM DESERT, CALIFORNIA
Tuesday
November 29'", 2022
MINUTES
10:00 a.m.
Special Meeting
1.CALL TO ORDER
A Special Meeting of the Finance Committee was called to order by Chair Leo on Tuesday,
November 29t h, 2022, at 10:00 a.m.
2. ROLL CALL
Present: Committee Members Carlos E. Garcia, Jake Wuest, Jan Harnik, Karen Alexander,
and Chair Robert Leo.
Absent: Faith Messenger
City Staff
Present: Veronica Chavez, Director of Finance; John Ramont, Deputy Director of Finance;
Sarah Castro, Finance Admin Assistant; and Skky Garcia; Recording Secretary,
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 HARNIK, SECOND BY COMMITTEE MEMBER
WUEST, CARRIED 5-0, to approve the Finance Committee Special Meeting minutes of
October 25 1", 2022.
5.ACTION CALENDAR
A.FINANCE DIRECTOR'S REPORT FOR GENERAL FUND FINANCIAL REPORT AND
PARKVIEW OFFICE COMPLEX FINANCIAL REPORT
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Finance Committee Minutes November 29 2022
Finance Director Chavez presented General Fund Financial Report and responded to
Committee Member inquiries.
Finance Director Chavez presented Parkview Office Complex Financial Report and
responded to Committee Member inquiries.
1.MOTION BY COMMITTEE MEMBER GARCIA, SECOND BY COMMITTEE
MEMBER ALEXANDER, CARRIED 5-0, to approve General Fund Financial Report
for month ending October 31 st , 2022.
2.MOTION BY COMMITTEE MEMBER ALEXANDER, SECOND BY COMMITTEE
MEMBER GARCIA, CARRIED 5-0, to approve Parkview Office Complex Financial
Report for month ending October 31 st, 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 WUEST, SECOND BY COMMITTEE MEMBER
ALEXANDER, CARRIED 5-0, to approve Desert Willow Golf Resort Financial Report for
months ending October 31•1, 2022.
C.CITY TREASURER'S REPORT
Director of Finance Chavez and Deputy Director of Finance Ramon! presented City
Treasurer's Report and responded to Committee Member inquiries.
MOTION BY COMMITTEE MEMBER ALEXANDER, SECOND BY COMMITTEE
MEMBER WUEST, CARRIED 5-0, to approve City Treasurer's Report for months ending
October 31 s', 2022
6.INFORMATIONAL REPORTS & COMMENTS
A.FINANCE COMMITTEE MEMBERS
Committee member Alexander wanted to discuss projection of tax revenue on El Paseo,
committee members and city staff responded to inquiries. Chair Leo wanted to discuss
Palms to Pines, committee members and city staff responded to inquiries. Committee
member Garcia wanted to discuss surf park, committee members and city staff responded
to inquiries.
B. CITY STAFF
Chair Leo welcomed new finance ad min assistant, Castro to the team. Director of Finance
Chavez provided an update on a Request for Proposal (RFP) for Investment Advisory
Services.
C.ATTENDANCE REPORT
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Finance Committee Minutes November 29 2022
The attendance report was provided with the agenda materials. The Committee took no
action on this matter.
7.ADJOURNMENT
The Finance Committee adjourned at 10:39 a.m.
Respectfully submitted,
Skky Garcia, Administrative Assistant
Recording Secretary
ATTEST:
Vt-ronico (haYCl (J11n20, l02l 12:24 PST)
Veronica Chavez, Director of Finance
Secretary
APPROVED BY THE FINANCE COMMITTEE: 1/24/2023
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