HomeMy WebLinkAbout2024-09-24 FC Regular Meeting MinutesFINANCE COMMITTEE
CITY OF PALM DESERT
REGULAR MEETING MINUTES
1. CALL TO ORDER
A Regular Meeting of the Finance Committee was called to order by Chair Leo on
Tuesday, September 24, 2024, at 10:00 a.m. in the Administrative Conference Room,
City Hall, located at 73-510 Fred Waring Drive, Palm Desert, California.
2. ROLL CALL
3. ELECTION OF FINANCE COMMITTEE CHAIRPERSON AND VICE-CHAIRPERSON
Committee Member Harnik nominated Chair Leo and Committee Member Wuest to
serve as Chairperson and Vice Chairperson.
Motion by: Committee Member Harnik
Seconded by: Committee Member Messenger
Re-elect Chair Leo to serve as Chairperson and elect Committee Member Wuest to
serve as Vice-Chairperson.
Motion Carried (4 to 0)
4. NON-AGENDA PUBLIC COMMENTS
None.
Docusign Envelope ID: 46FDA818-9424-4574-AFC1-03F1C219D36B
Finance Committee Meeting Minutes
September 24, 2024
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5. CONSENT CALENDAR
Motion by: Chair Leo
Seconded by: Committee Member Wuest
To approve the consent calendar as presented.
Motion Carried (4 to 0)
5.a APPROVAL OF MINUTES
Motion by: Chair Leo
Seconded by: Committee Member Wuest
Approve the Minutes of May 28, 2024.
Motion Carried (4 to 0)
6. CONSENT ITEMS HELD OVER
7. ACTION CALENDAR
7.a FINANCE DIRECTOR'S REPORT FOR GENERAL FUND FINANCIAL
REPORTS
Finance Director Chavez provided a staff report and responded to Committee
Member inquiries.
Motion by: Committee Member Messenger
Seconded by: Committee Member Harnik
Receive and file the General Fund Financial Reports for the months ending May
31, 2024, June 30, 2024, July 31, 2024, and August 31, 2024.
Motion Carried (4 to 0)
7.b CITY TREASURER'S INVESTMENT REPORTS
Finance Supervisor Bounds provided a staff report and responded to Committee
Member inquiries.
Motion by: Committee Member Wuest
Seconded by: Committee Member Messenger
Receive and file the City Treasurer’s Investment Reports for the months ending
May 31, 2024, June 30, 2024, July 31, 2024, and August 31, 2024.
Motion Carried (4 to 0)
Docusign Envelope ID: 46FDA818-9424-4574-AFC1-03F1C219D36B
Finance Committee Meeting Minutes
September 24, 2024
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7.c DESERT WILLOW GOLF RESORT FINANCIAL REPORTS
Desert Willow Golf Resort General Manager White provided a staff report and
responded to Committee Member inquiries.
Motion by: Committee Member Messenger
Seconded by: Committee Member Harnik
Receive and file the Desert Willow Golf Resort Financial Reports for the months
ending May 31, 2024, June 30, 2024, July 31, 2024, and August 31, 2024.
Motion Carried (4 to 0)
7.d PARKVIEW OFFICE COMPLEX FINANCIAL AND VACANCY REPORTS
Finance Director Chavez provided a staff report and responded to Committee
Member inquiries.
Motion by: Committee Member Wuest
Seconded by: Committee Member Messenger
Receive and file the Parkview Office Complex Financial and Vacancy Reports for
the months ending May 31, 2024, June 30, 2024, July 31, 2024, and August 31,
2024.
Motion Carried (4 to 0)
8. INFORMATIONAL REPORTS & COMMENTS
8.a FINANCE COMMITTEE MEMBERS
There was discussion about the following topics:
• Mixed-use zoning, height limits and retail expansion on El Paseo
• Business types throughout Palm Desert
• Progress and development at the Shops of Palm Desert
8.b CITY STAFF
8.b.1 SALES TAX UPDATE
Finance Director Chavez provided an update on the sales tax trends and
revenue received, noted that information on Measure G was available on
the City's website, and responded to Committee member questions.
Receive and file the Sales Tax update.
8.c ATTENDANCE REPORT
Report provided; no action taken on this item.
Docusign Envelope ID: 46FDA818-9424-4574-AFC1-03F1C219D36B
Finance Committee Meeting Minutes
September 24, 2024
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9. ADJOURNMENT
The Finance Committee adjourned at 10:49 a.m.
Respectfully submitted,
_________________________
Níamh M. Ortega, Assistant City Clerk
Recording Secretary
_________________________
Veronica Chavez, Finance Director
Secretary
_________________________
DATE APPROVED BY FINANCE COMMITTEE
for:
1/28/2025
Docusign Envelope ID: 46FDA818-9424-4574-AFC1-03F1C219D36B