2017 06 08 FAC MinutesCALL TO ORDER
CONSENT CALENDAR ITEM NO. 1
FINANCIAL ADVISORY COMMISSION
MINUTES
THURSDAY, JUNE 8, 2017
A special meeting of the La Quinta Financial Advisory Commission was called to order at
4:00 p.m. by Chairperson Batavick.
PRESENT:
ABSENT:
Commissioner Mills, Rosen, Twohey, and Chairperson Batavick
Commissioner Turbow
PLEDGE OF ALLEGIANCE
Commissioner Mills led the audience in the pledge of allegiance.
PUBLIC COMMENT - None
ANNOUNCEMENT, PRESENTATIONS, AND WRITTEN COMMUNICATIONS
Chairperson Batavick introduced Commissioner Twohey who was appointed to the
Financial Advisory Commission (FAC) by City Council on June 6, 2017
Chairperson Batavick said that Commissioner Jane Johnson has resigned.
CONFIRMATION OF AGENDA - Confirmed
CONSENT CALENDAR ITEMS
1. APPROVE MINUTES OF MAY 10, 2017
Motion - A motion was made and seconded by Commissioners Rosen/Twohey to approve
the Consent Calendar, as recommended. Motion passed: ayes 4, absent 1 (Turbow).
BUSINESS SESSION - None
STUDY SESSION
1. FISCAL YEAR 2017/18 PROPOSED OPERATING AND CAPITAL IMPROVEMENT
PROGRAM BUDGET
Finance Director Campos and Principal Engineer Wimmer presented the staff report, which
is on file in the Finance Department.
FINANCIAL ADVISORY COMMISSION MINUTES
SPECIAL MEETING 1 JUNE 8, 2017
General discussion followed regarding the budget process approval; FAC involvement;
general fund and recommendations; transient occupancy tax revenues and mitigation
fees; operating deficit; potential use of Measure G funds for public safety services; round -
a -bouts; drainage enhancements; water efficiency; landscape renovation projects.
DEPARTMENTAL REPORTS
1. SPECIAL JOINT MEETING OF THE CITY COUNCIL, CITY BOARDS AND CITY
COMMISSIONS - JULY 18, 2017
Management Assistant Delgado said the City Council has scheduled a Special Joint
Meeting with the City's Boards and Commissions for July 18, 2017, at 6:00 p.m., at the La
Quinta Library.
CORRESPONDENCE AND WRITTEN MATERIAL - None
COMMISSION MEMBERS' ITEMS
1. GOVERNMENTAL ACCOUNTING STANDARDS BOARDS (GASB) AND REGULATORY
COMPLIANCE UPDATE - VERBAL REPORT BY COMMISSIONER ROSEN
Commissioner Rosen attended the May 24, 2017, California Society of Municipal Finance
Officers meeting and provided an update to the FAC. He commended staff for all they do,
and said the meeting provided a wealth of information regarding the Governmental
Accounting Standards Board (GASB) regulations.
Chairperson Batavick requested that staff add the appointment of two commissioners to
the selection committee for the Request for Proposal for Other Post -Employment Benefit
Trust Fund Management to the next agenda.
Commissioner Mills suggested that the FAC members and staff introduce themselves at
the next FAC special meeting scheduled for June 12, 2017.
ADJOURNMENT
There being no further business, it was moved and seconded by Commissioners
Mills/Rosen to adjourn this special meeting at 5:55 p.m. Motion passed: ayes 4, absent 1
(Turbow).
Respectfully submitted,
Jessica Delgado, Management Assistant
City of La Quinta, California
FINANCIAL ADVISORY COMMISSION MINUTES
SPECIAL MEETING 2 JUNE 8, 2017