HomeMy WebLinkAbout2022-02-22 FC Regular Meeting Minutes
I. CALL TO ORDER
Chair Leo called the meeting to order at 10:00 a.m.
II. ROLL CALL
All present participated in the video conference.
Present: Not Present:
Chair Robert Leo Member Sabby Jonathan
Member Karen Alexander
Member Carlos Garcia
Member Jan Harnik
Member Faith Messenger
Also Present:
City Manager Todd Hileman
Director of Finance and City Treasurer Janet Moore
Deputy Director of Finance Jose Luis Espinoza
Accounting Manager Anthony Hernandez
Finance Manager Veronica Chavez
Accounting Specialist Mitchell Arbaugh
General Manager Derek White, Desert Willow Golf Resort
Lance, Sol & Lunghard Kirk Hamblin
Recording Secretary Patty Leon
III. ORAL COMMUNICATIONS
None to report.
IV. APPROVAL OF MINUTES
A. Minutes of the November 23, 2021 Palm Desert Finance Committee Meeting
Upon a motion duly made by Member Alexander and seconded by
Member Messenger, the minutes of the November 23, 2021, Palm
Desert Finance Committee Meeting, as presented, were approved by a
vote of 5-0-1 (AYES: Alexander, Garcia, Harnik, Messenger, and Leo;
NOES: None; ABSENT: Jonathan).
CITY OF PALM DESERT
PALM DESERT FINANCE COMMITTEE
APPROVED MINUTES
TUESDAY, FEBRUARY 22, 2022 – 10:00 A.M.
(VIRTUAL MEETING)
MINUTES
PALM DESERT FINANCE COMMITTEE February 22, 2022
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V. NEW BUSINESS
A. REPORT ON THE CITY OF PALM DESERT AUDITED FINANCIAL
REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2021
Kirk Hamblin provided an overview of the City’s annual financial audit for
fiscal year 2021.
Upon a motion duly made by Member Alexander and seconded by
Member Faith, a recommendation that the City Council receive and file
the audited City of Palm Desert Annual Comprehensive Financial
Report for the Fiscal Year Ended June 30, 2021, as presented, was
approved unanimously (AYES: Alexander, Garcia, Harnik, Messenger,
and Leo; NOES: None; ABSENT: Jonathan).
B. REPORT ON THE PALM DESERT RECREATIONAL FACILITIES
CORPORATION AUDITED FINANCIAL REPORTS FOR THE FISCAL
YEAR ENDED JUNE 30, 2021
Kirk Hamblin provided an overview of PDRFC’s annual financial audit for
fiscal year 2021.
Upon a motion duly made by Member Harnik and seconded by Member
Garcia, a recommendation that the City Council receive and file the
audited Palm Desert Recreational Facilities Corporation Financial
Report for the Fiscal Year Ended June 30, 2021, as presented, was
approved unanimously (AYES: Alexander, Garcia, Harnik, Messenger,
and Leo. NOES: None. ABSENT: Jonathan).
C. REPORT ON THE INDEPENDENT ACCOUNTS’ REPORT ON AGREED-
UPON PROCEDURES PERFORMED ON THE MEASURE A
TRANSPORTATION FUND FOR THE FISCAL YEAR ENDED JUNE 30,
2021
Mitchell Arbaugh provided an overview of the Independent Account’s Report
on Agreed Upon procedures performed on the Measure A.
Upon a motion duly made by Member Garcia and seconded by Member
Alexander, a recommendation that the City Council receive and file the
Independent Accountant’s Report on Agreed-Upon Procedures
Performed on the Measure A Transportation Fund for the Fiscal Year
Ended June 30, 2021, as presented, was approved unanimously (AYES:
Alexander, Garcia, Harnik, Messenger, and Leo. NOES: None.
ABSENT: Jonathan).
MINUTES
PALM DESERT FINANCE COMMITTEE February 22, 2022
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D. FINANCE DIRECTOR’S REPORT (through January 2022)
1. General Fund Financial Report
Janet Moore provided an overview of the City’s financial report.
Upon a motion duly made by Member Alexander and seconded by
Member Garcia, a recommendation that the Finance Committee receive
and file the January 2022 financial report for the City of Palm Desert
was approved by a vote of 5-0-1 (AYES: Alexander, Garcia, Harnik,
Messenger, and Leo. NOES: None. ABSENT: Jonathan).
2. Parkview Office Complex Financial Report
Anthony Hernandez provided information on the operation of the Parkview
Professional Office Buildings.
Upon a motion duly made by Member Alexander and seconded by
Member Garcia, a recommendation that the Finance Committee receive
and file the January 2022 financial report for the Parkview Professional
Office Buildings was approved by a vote of 5-0-1 (AYES: Alexander,
Garcia, Harnik, Messenger, and Leo. NOES: None. ABSENT:
Jonathan).
E. DESERT WILLOW GOLF RESORT (through January 2022)
1. Financial Report
Derek White discussed the operation and activity at the Desert Willow Golf
Resort.
Upon a motion duly made by Member Alexander and seconded by
Member Ortega, a recommendation that the Finance Committee receive
and file the January 2022 financial report for Desert Willow Golf Resort
was approved by a vote of 5-0-1 (AYES: Alexander, Garcia, Harnik,
Messenger, and Leo. NOES: None. ABSENT: Jonathan).
MINUTES
PALM DESERT FINANCE COMMITTEE February 22, 2022
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F. CITY TREASURER’S REPORT (November, December 2021, and January
2022)
1. Investment Reports
Veronica Chavez provided a brief overview of November, December 2021,
and January 2022 investment reports.
Upon a motion duly made by Member Alexander and seconded by
Member Messenger, a recommendation that the City Council receive
and file the treasurer’s reports for November, December 2021 and
January 2022 as presented, was approved by a vote of 5-0-1 (AYES:
Alexander, Garcia, Harnik, Messenger, and Leo; NOES: None;
ABSENT: Jonathan).
VI. CONTINUED BUSINESS
None.
VII. OLD BUSINESS
None.
VIII. INFORMATIONAL ITEMS
A. Committee Member Comments
No report.
B. Request to Add Potential Items to Upcoming Agenda
No report.
IX. ADJOURNMENT
There being no further business before the meeting, the same was, on motion duly
made, seconded, and carried, adjourned at 10:49 a.m.
Patty leon
Patty Leon, Recording Secretary