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2020 06 09 FAC Minutes Special MeetingFINANCIAL ADVISORY COMMISSION MINUTES TUESDAY, JUNE 9, 2020 CALL TO ORDER A special meeting of the Financial Advisory Commission (Commission) was called to order at 4:00 p.m. by Chairperson Mills. This meeting was held by teleconference pursuant to Executive orders N-25-20, N- 29-20, N-33-20, and N-35-20, executed by the Governor of California in response to the state of emergency relating to novel coronavirus disease 2019 (COVID-19) and enabling teleconferencing accommodations by suspending or waiving specified provisions of the Ralph M. Brown Act (Government Code § 54950 et seq.). PRESENT: Commissioners Batavick, Hoffner, Hunter, Rosen, Twohey and Chairperson Mills ABSENT: None VACANCY: One STAFF PRESENT: Finance Director Romero, Financial Service Analyst Hallick, Accounting Manager Martinez, City Clerk Radeva PLEDGE OF ALLEGIANCE Commissioner Hunter led the audience in the Pledge of Allegiance. PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA - None CONFIRMATION OF AGENDA - Confirmed ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS - None CONSENT CALENDAR ITEMS - None BUSINESS SESSION 1. DISCUSS FISCAL YEAR 2020/21 PROPOSED BUDGET AND APPROVE ALLOCATION OF MEASURE G SALES TAX REVENUE Finance Director Romero presented the staff report, which is on file in the Finance Department. FINANCIAL ADVISORY COMMISSION MINUTES 1 JUNE 9, 2020 SPECIAL MEETING Staff recommended the partial allocation of 2017/18 Measure G reserve balance for the SilverRock Event Site and to increase the amount allocated for Public Safety Contract Services in 2020/21 in order to fund the capital improvement project program budget as presented and balance the General Fund budget. The Commission and Staff discussed the Measure G fund savings for police services; possible options for future savings; and reviewed the Measure G Revenue and Expenditures Summary (Attachment 2). Further discussion followed on the Music Line project contribution commitments by the Cities of La Quinta, Indio, and Coachella. The Commission suggested changing the budget memorandum for the Music Line project (Attachment 4) to state that the letter is supported by the majority of the Commission not unanimously. Finance Director Romero said that she would make the edit to Attachment 4 and include it as an attachment to the final budget recommendation to Council. The Commission showed their support of the strategy to have a balanced budget with the consensus that police services would be reviewed, and any potential savings would reduce the allocation for Measure G. Motion - A motion was made and seconded by Commissioners Hunter/Hoffner to receive and file fiscal year 2020/21 proposed budget, as submitted. Motion passed: ayes 6, noes 0, vacancy 1. Finance Director Romero said staff would provide the Commission with updated budget documents along with charts and graphs after final review. The Commission commended staff on their hard work and efforts in preparing the 2020/21 budget. STUDY SESSION - None DEPARTMENTAL REPORTS - None COMMISSIONERS' ITEMS - None ADJOURNMENT There being no further business, it was moved and seconded by Commissioners Hunter/Rosen to adjourn this meeting at 4:35 p.m. Motion passed: ayes 6, noes 0, vacancy 1. Respectfully submitted, IN Claudia Martinez, Accounting Manager City of La Quinta, California FINANCIAL ADVISORY COMMISSION MINUTES 2 JUNE 9, 2020 SPECIAL MEETING