HomeMy WebLinkAbout2021-11-23 FC Regular Meeting Minutes
I. CALL TO ORDER
Chair Leo called the meeting to order at 10:07 a.m.
II. ROLL CALL
All present participated in the video conference.
Present: Not Present:
Chair Robert Leo Member Faith Messenger
Member Karen Alexander
Member Carlos Garcia
Member Jan Harnik
Member Kathleen Kelly
Also Present:
City Manager Todd Hileman
Director of Finance and City Treasurer Janet Moore
Deputy Director of Finance Jose Luis Espinoza
Deputy City Treasurer Thomas Metz
Accounting Manager Anthony Hernandez
General Manager Derek White, Desert Willow Golf Resort
Controller Jared Burns, Desert Willow Golf Resort
Deputy Director of Public Works Randy Bowman
Deputy Director Andy Ramirez
Recording Secretary Patty Leon
III. ORAL COMMUNICATIONS
None to report.
IV. APPROVAL OF MINUTES
A. Minutes of the September 28th, 2021 Palm Desert Finance Committee
Meeting
Upon a motion duly made by Member Kelly and seconded by Member
Alexander, the minutes of the September 28th, 2021, Palm Desert
Finance Committee Meeting, as presented, were approved by a vote of
5-0-1 (AYES: Alexander, Garcia, Harnik, Kelly, and Leo; NOES: None;
ABSENT: Messenger).
CITY OF PALM DESERT
PALM DESERT FINANCE COMMITTEE
MINUTES
TUESDAY, November 23, 2021 – 10:00 A.M.
(VIRTUAL MEETING)
MINUTES
PALM DESERT FINANCE COMMITTEE November 23, 2021
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V. NEW BUSINESS
A. FINANCE DIRECTOR’S REPORT (through October 2021)
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 October 2021 financial report for the City of Palm Desert
was approved by a vote of 5-0-1 (AYES: Alexander, Garcia, Harnik,
Kelly, and Leo; NOES: None; ABSENT: Messenger).
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 Harnik and seconded by Member
Garcia, a recommendation that the Finance Committee receive and file
the October 2021 financial report for the Parkview Professional Office
Buildings was approved by a vote of 5-0-1 (AYES: Alexander, Garcia,
Harnik, Kelly, and Leo; NOES: None; ABSENT: Messenger).
INFORMATIONAL ITEM
1. Update on Sales Tax for the 2nd Quarter, 2021
Janet Moore provided an update on the sales tax for the second quarter of
2021.
B. DESERT WILLOW GOLF RESORT (through October 2021)
1. Financial Report
Derek White discussed the operation and activity at the Desert Willow Golf
Resort.
Upon a motion duly made by Member Kelly and seconded by Member
Alexander, a recommendation that the Finance Committee receive and
file the October 2021 financial report for Desert Willow Golf Resort was
approved by a vote of 5-0-1 (AYES: Alexander, Garcia, Harnik, Kelly,
and Leo; NOES: None; ABSENT: Messenger).
MINUTES
PALM DESERT FINANCE COMMITTEE November 23, 2021
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C. CITY TREASURER’S REPORT (September and October 2021)
1. Investment Reports
Thomas Metz provided a brief overview of September and October 2021
investment reports.
Upon a motion duly made by Member Campbell and seconded by
Member Alexander, a recommendation that the City Council receive
and file the treasurer’s reports for September and October 2021, as
presented, was approved by a vote of 5-0-1 (AYES: Alexander, Garcia,
Harnik, Kelly, and Leo; NOES: None; ABSENT: Messenger).
INFORMATIONAL ITEM
1. LAIF and CAMP Overview
Mr. Metz provided an overview of the Local Agency Investment Fund (“LAIF”)
and the California Asset Management Program (“CAMP”).
VI. CONTINUED BUSINESS
None.
VII. OLD BUSINESS
None.
VIII. INFORMATIONAL ITEMS
A. Committee Member Comments
1. Update on CV Link
Randy Bowman provided an oral report of the CV Link project stating
that the City Council approved a Notice of Completion at their
November 18th meeting. The project was constructed under a
cooperative agreement with CVAG who committed to reimburse the
City of Palm Desert 100% of its cost for the project.
MINUTES
PALM DESERT FINANCE COMMITTEE November 23, 2021
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2. Update on Aquatic Center
Andy Ramirez provided an update on the Aquatic Center stating that
a contract has been secured to install security cameras. Staff is
preparing to go out to bid for projects budgeted under the Capital
Improvement Projects (CIP) pertaining to the Aquatic Center such as
resurfacing of the recreational areas and install lighting at the lap
pools. Staff received kudos for high caliber service and cleanliness of
the Aquatic Center.
B. Request to Add Potential Items to Upcoming Agenda
Janet Moore stated that the auditors will be present at the next meeting to
report on the audited financial report for fiscal year ended June 30, 2021.
IX. ADJOURNMENT
There being no further business before the meeting, the same was, on motion duly
made, seconded, and carried, adjourned at 11:10 a.m.
Patty leon
Patty Leon, Recording Secretary