HomeMy WebLinkAbout2024-05-28 FC Regular Meeting Minutes
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FINANCE COMMITTEE
CITY OF PALM DESERT
REGULAR MEETING MINUTES
Click HERE to access the meeting audio.
Click HERE to access the meeting agenda packet.
1. CALL TO ORDER
A Regular Meeting of the Finance Committee was called to order by Chair Leo on May
28, 2024 at 9:00 a.m. in the Administrative Conference Room, City Hall, located at 73 -
510 Fred Waring Drive, Palm Desert, California.
2. ROLL CALL
3. NONAGENDA PUBLIC COMMENTS
None.
4. CONSENT CALENDAR
Motion by: Committee Member Messenger
Seconded by: Committee Member Wuest
To approve the consent calendar as presented.
Motion Carried (5 to 0)
4.a APPROVAL OF MINUTES
Approve the Minutes of March 26, 2024.
5. CONSENT ITEMS HELD OVER
6. ACTION CALENDAR
* Committee Member Quintanilla arrived at this part of the meeting.
Docusign Envelope ID: 6B10CDD5-0ABC-4860-8F97-38DEE5FCD83D
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6.a FINANCE DIRECTOR'S REPORT FOR GENERAL FUND FINANCIAL
REPORTS
Director of Finance Chavez presented the Finance Director's Reports for March
and April 2024 and answered member inquiries.
Motion by: Committee Member Wuest
Seconded by: Committee Member Garcia
Receive and file the General Fund Financial Reports for the months ending
March 31, 2024, and April 30, 2024.
Motion Carried (6 to 0)
6.b PARKVIEW OFFICE COMPLEX FINANCIAL AND VACANCY REPORTS
Deputy Director of Finance Urban presented the Parkview Office Complex
Reports for March and April 2024, Vacancy Report for April 2024 and answered
member inquiries.
Motion by: Committee Member Wuest
Seconded by: Committee Member Garcia
Receive and file the Parkview Office Complex Financials for months ending
March 31, 2024 and April 30, 2024 and the Vacancy Report for month ending
April 30, 2024.
Motion Carried (6 to 0)
6.c DESERT WILLOW GOLF RESORT FINANCIAL REPORTS
Assistant General Manager of Desert Willow, Ryan Szydlowski, presented the
Desert Willow Golf Resort Financial Reports for March and April 2024 and
answered member inquiries.
Motion by: Committee Member Garcia
Seconded by: Committee Member Messenger
Receive and file the Desert Willow Golf Resort Financial Reports for the months
ending March 31, 2024, and April 30, 2024.
Motion Carried (6 to 0)
6.d CITY TREASURER'S INVESTMENT REPORTS
Finance Supervisor Bounds, presented the City Treasurer's Reports for March
and April 2024 and answered member inquiries.
Motion by: Committee Member Wuest
Seconded by: Committee Member Garcia
Receive and file the City Treasurer’s Investment Reports for the months ending
March 31, 2024, and April 30, 2024.
Motion Carried (6 to 0)
Docusign Envelope ID: 6B10CDD5-0ABC-4860-8F97-38DEE5FCD83D
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7. INFORMATIONAL REPORTS & COMMENTS
7.a FINANCE COMMITTEE MEMBERS
In response to inquiries, Staff provided updates and offered to follow up on the
following items:
Sales tax report by geographical area;
State Budget for Fiscal Year 2024-2025;
El Paseo Business Improvement District Funds;
El Paseo Courtesy Cart usage;
Transportation for residents in North Palm Desert to school and shopping;
Surveys provided by the City for residents; and
Sales tax initiative.
With the consensus of the Committee, Chair Leo requested to have a discussion
of the Investment Policy on the next agenda.
7.b CITY STAFF
7.b.1 City Budget Update
Director of Finance Chavez provided an update on the City's Budget for
Fiscal Year 2024-2025, potential sales tax initiative and answered member
inquiries.
7.b.2 Summer Recess
With consensus of the Committee the July Regular Meeting will be
canceled. The next Regular Meeting will be held on September 24, 2024
7.c ATTENDANCE REPORT
Report provided; no action taken on this item.
8. ADJOURNMENT
The Finance Committee adjourned at 11:10 a.m.
_________________________
Michelle Nance, Deputy Clerk I
Recording Secretary
_________________________
Veronica Chavez, Finance Director
Secretary
_________________________
DATE APPROVED BY FINANCE COMMITTEE
Docusign Envelope ID: 6B10CDD5-0ABC-4860-8F97-38DEE5FCD83D
9/24/2024