HomeMy WebLinkAbout2022-10-25 FC Special Meeting MinutesFINANCE COMMITTEE
CITY OF PALM DESERT, CALIFORNIA
MINUTES
Tuesday
October 25, 2022
10:00 a.m.
Special Meeting
Pursuant to Assembly Bill 361, this meeting was conducted by teleconference, and there
was no in -person public access to the meeting location.
1. CALL TO ORDER
A Special Meeting of the Finance Committee was called to order by Chair Leo on Tuesday,
October 25, 2022, at 10:00 a.m.
2. ROLL CALL
Present: Committee Members Carlos E. Garcia, Faith Messenger, Jake Wuest, Jan Harnik,
Sabby Jonathan and Chair Robert Leo.
C) Absent: Vice Chair Karen Alexander
City Staff
Present: Veronica Chavez, Director of Finance; Liberty Urban, Deputy Director of Finance;
John Ramont, Deputy Director of Finance; James Bounds, Finance Supervisor;
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. OATH OF OFFICE
Deputy City Clerk Ortega administered the Oath of Office to newly appointed
Committee Member Wuest.
4. NON -AGENDA PUBLIC COMMENT:
None.
5. CONSENT CALENDAR:
A. APPROVAL OF MINUTES
MOTION BY COMMITTEE MEMBER HARNIK, SECOND BY COMMITTEE MEMBER
GARCIA, CARRIED 6-0, to approve the Finance Committee Regular Meeting minutes of
May 24th, 2022.
City of Palm Desert Page
Finance Committee Minutes October 25, 2022
6. ACTION CALENDAR
A. FINANCE DIRECTOR'S REPORT FOR GENERAL FUND FINANCIAL REPORT AND
PARKVIEW OFFICE COMPLEX FINANCIAL REPORT
Finance Director Chavez presented General Fund Financial Report and responded to
Committee Member inquiries.
Deputy Director of Finance Urban presented Parkview Office Complex Financial Report
and responded to Committee Member inquiries.
1. MOTION BY COMMITTEE MEMBER HARNIK, SECOND BY COMMITTEE
MEMBER WUEST, CARRIED 6-0, to approve General Fund Financial Report for
months ending June 30, 2022, and September 30, 2022.
2. MOTION BY COMMITTEE MEMBER HARNIK, SECOND BY COMMITTEE
MEMBER MESSENGER, CARRIED 6-0, to approve Parkview Office Complex
Financial Report for months ending June 30, 2022, and September 30, 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
MESSENGER, CARRIED 6-0, to approve Desert Willow Golf Resort Financial Report for
months ending June 30, 2022, and September 30, 2022.
C_
C. CITY TREASURER'S REPORT
�1
Finance Supervisor Bounds presented City Treasurer's Report and responded to
Committee Member inquiries.
MOTION BY COMMITTEE MEMBER E. GARCIA, SECOND BY COMMITTEE MEMBER
HARNIK, CARRIED 6-0, to approve City Treasurer's Report for months ending June 30,
2022, and September 30, 2022.
D. AWARD CONTRACT FOR COMPREHENSIVE BANKING SERVICES
Committee Member Wuest announced his recusal due to conflict of interest.
Deputy Director of Finance Ramont presented Comprehensive Banking Services and
responded to Committee Member inquiries.
MOTION BY COMMITTEE MEMBER MESSENGER, SECOND BY COMMITTEE
MEMBER HARNIK, CARRIED 5-0-1, to award contract to Wells Fargo for comprehensive
banking services.
7. INFORMATIONAL REPORTS & COMMENTS
City of Palm Desert Page 2
ALL ACTIONS ARE DRAFT, PENDING APPROVAL OF THE MINUTES
Finance Committee Minutes October 25 2022
A. FINANCE COMMITTEE MEMBERS
Member Jonathan discussed his departure from the Finance Committee upon completion
of his term on December 15, 2022.
B. CITY STAFF
Director of Finance Chavez provided an update on a Request for Proposal (RFP) for
Investment Advisory Services and discussed the Finance Committee's next regular
meeting on November 22. 2022. The Finance Committee chose to postpone the meeting
to November 29, 2022, to be held as a hybrid meeting.
C. ATTENDANCE REPORT
The attendance report was provided with the agenda materials. The Committee took no
action on this matter.
8. ADJOURNMENT
The Finance Committee adjourned at 10:50 a.m.
submitted,
a, AUthini
Secretary
A'
Veronica Chavez,
Secretary
APPROVED BY THE FINANCE COMMITTEE: II /21/2022
City of Palm Desert Page 3
ALL ACTIONS ARE DRAFT, PENDING APPROVAL OF THE MINUTES