HomeMy WebLinkAbout2024-01-22 Finance Committee 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 Special Meeting of the Finance Committee was called to order by Chair Leo on
Monday, January 22, 2024, at 3:00 p.m., in the Administrative Conference Room, City Hall,
located at 73-510 Fred Waring Drive, Palm Desert, California.
2. ROLL CALL
Present: Committee Members Carlos Garcia*, Jan Harnik, Gretchen Heuring, Faith
Messenger, Karina Quintanilla, Jake Wuest and Chair Robert Leo.
*Vice Chair Garcia participated via Zoom in accordance with Brown Act
requirements.
Absent: None.
Liaisons: Derek White and Anthony Hernandez of Desert Willow Golf Resort.
City Staff
Present: Liberty Urban, Deputy Director of Finance; James Bounds, Finance Supervisor,
and Michelle Nance, Recording Secretary.
3. NON-AGENDA PUBLIC COMMENT:
None.
4. CONSENT CALENDAR:
A. APPROVAL OF MINUTES
MOTION BY COMMITTEE MEMBER HARNIK, SECOND BY COMMITTEE MEMBER
WUEST, CARRIED 6-0-1(WITH COMMITTEE MEMBER HARNIK ABSTAINING), to
approve the Finance Committee Regular Meeting minutes of November 28, 2023.
Monday
January 22, 2024 3:00 p.m.
Special Meeting
DocuSign Envelope ID: 8307749F-7283-4BA1-B383-98C8A1E88355
Finance Committee Minutes January 22, 2024
City of Palm Desert Page 2
5. ACTION CALENDAR
A. FINANCE DIRECTOR’S REPORTS
Finance Deputy Director Urban presented the General Fund Financial Report for months
ending November 30, 2023, and December 31, 2023, and responded to Committee
Member inquiries.
MOTION BY COMMITTEE MEMBER WUEST, SECOND BY COMMITTEE MEMBER
GARCIA, CARRIED 7-0, to receive and file the General Fund Financial Report for months
ending November 30, 2023, and December 31, 2023.
B. PARKVIEW OFFICE COMPLEX FINANCIAL REPORTS
Finance Deputy Director Urban presented the Parkview Office Complex Financial Report
for months ending November 30, 2023, and December 31, 2023; and the Parkview Office
Complex Vacancy Report for the month ending December 31, 2023, and responded to
Committee Member inquiries.
MOTION BY COMMITTEE MEMBER MESSENGER, SECOND BY COMMITTEE
MEMBER GARCIA, CARRIED 7-0, to receive and file the Parkview Office Complex
Financial Report for months ending November 30, 2023, and December 31, 2023; and
the Parkview Office Complex Vacancy Report for the month ending December 31, 2023.
C. DESERT WILLOW GOLF RESORT FINANCIAL REPORTS
Desert Willow Golf Resort General Manager White presented the Desert Willow Golf
Resort Financial Reports for months ending November 30, 2023, and December 31,
2023, and responded to Committee Member inquiries.
MOTION BY COMMITTEE MEMBER HARNIK, SECOND BY COMMITTEE MEMBER
WUEST, CARRIED 7-0, to receive and file the Desert Willow Financial Report for months
ending November 30, 2023, and December 31, 2023.
D. CITY TREASURER’S INVESTMENT REPORTS
Finance Supervisor Bounds presented the City Treasurer’s Reports for months ending
November 30, 2023, and December 31, 2023, and responded to Committee Member
inquiries.
MOTION BY COMMITTEE MEMBER HARNIK, SECOND BY COMMITTEE MEMBER
QUINTANILLA, CARRIED 7-0, to receive and file the City Treasurer’s Investment Report
for months ending November 30, 2023, and December 31, 2023.
DocuSign Envelope ID: 8307749F-7283-4BA1-B383-98C8A1E88355
Finance Committee Minutes January 22, 2024
City of Palm Desert Page 3
E.INDEPENDENT ACCOUNTANTS’ REPORT ON AGREED-UPON PROCEDURES
PERFORMED ON THE MEASURE A TRANSPORTATION FUND FOR THE FISCAL
YEAR ENDED JUNE 30, 2023
MOTION BY COMMITTEE MEMBER HARNIK, SECOND BY COMMITTEE MEMBER
WUEST, CARRIED 7-0, to receive and file the Independent Accountants’ Report on
Agreed-Upon Procedures Performed on the Measure A Transportation Fund for the fiscal
year ended June 30, 2023
F.REPORT ON THE AWARD OF CONTRACT TO LANCE, SOLL & LUNGHARD, LLP
(LSL, CPAS) TO PERFORM PROFESSIONAL AUDITING SERVICES FOR THE
FISCAL YEARS ENDING JUNE 30, 2024, THROUGH 2026
MOTION BY COMMITTEE MEMBER WUEST, SECOND BY COMMITTEE MEMBER
MESSENGER, CARRIED 7-0, to recommend award of contract to Lance, Soll &
Lunghard, LLP (LSL CPAs) to perform professional auditing services for the fiscal years
ending June 30, 2024 through 2026 in the amount of $89,082 for the first year, $91,755
for the second year and $94,507 for the third year.
6.INFORMATIONAL REPORTS & COMMENTS
A.FINANCE COMMITTEE MEMBERS
Committee Member Harnik, with support of the Committee, requested page numbers be
added to the agenda coversheet.
B.CITY STAFF
Recording Secretary Nance advised that future meetings will be held in the Administrative
Conference Room.
C.ATTENDANCE REPORT – Report was provided as supplemental material; no action
taken on this item.
7.ADJOURNMENT - The Finance Committee adjourned at 3:36 p.m.
Respectfully submitted,
Michelle Nance, Deputy Clerk I
Recording Secretary
ATTEST:
Liberty Urban, Deputy Director of Finance
Staff Liaison
APPROVED BY THE FINANCE COMMITTEE: 3/26/2024
DocuSign Envelope ID: 8307749F-7283-4BA1-B383-98C8A1E88355