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2020 11 04 FAC Minutes FINANCIAL ADVISORY COMMISSION MINUTES 1 NOVEMBER 4, 2020 REGULAR QUARTERLY MEETING FINANCIAL ADVISORY COMMISSION MINUTES WEDNESDAY, NOVEMBER 4, 2020 CALL TO ORDER A regular quarterly 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, Way and Chairperson Mills ABSENT: None STAFF PRESENT: Management Assistant Delgado, Financial Services Analyst Hallick, Finance Director Romero, Community Resources Director Escobedo, Public Safety Manager Mendez, Public Works Director/City Engineer McKinney, and Management Analyst Mignogna PLEDGE OF ALLEGIANCE Commissioner Hoffner led the audience in the Pledge of Allegiance. PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA CONFIRMATION OF AGENDA Chairperson Mills requested a discussion under Commissioners’ Items on timing of Commission meetings with coordination of presentations to Council. The Commission concurred. FINANCIAL ADVISORY COMMISSION MINUTES 2 NOVEMBER 4, 2020 REGULAR QUARTERLY MEETING ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS 1. WELCOME NEW FINANCIAL ADVISORY COMMISSIONER ELLEN WAY The Commission welcomed Commissioner Way, who provided an overview of her experience and qualifications; and all Commissioners shared a brief introduction of their backgrounds and experiences on the Commission. CONSENT CALENDAR ITEMS 1. APPROVE SPECIAL MEETING MINUTES DATED SEPTEMBER 30, 2020 2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED JUNE 30, 2020 3. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED JULY 31, 2020 4. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED AUGUST 31, 2020 Motion – A motion was made and seconded by Commissioners Rosen/Hoffner to approve the Consent Calendar, as submitted: • Consent Calendar Item No. 1 – Motion passed: ayes 6, noes 0, abstain 1 (Way); • Consent Calendar Item Nos. 2, 3, and 4 – Motion passed unanimously. BUSINESS SESSION 1. RECEIVE AND FILE THE FISCAL YEAR 2019/20 GENERAL FUND YEAR-END BUDGET REPORT Finance Director Romero presented the staff report, which is on file in the Finance Department. The Commission and staff discussed capital improvement program (CIP) expenditures; fiscal year 2020/21 CIP/operating expenditure carryovers; General Fund revenue and expense variances; revenue line item details on the 2019/20 year-end budget report; funds savings allocation; and the City’s pension trust fund obligations. FINANCIAL ADVISORY COMMISSION MINUTES 3 NOVEMBER 4, 2020 REGULAR QUARTERLY MEETING Finance Director Romero said that a special meeting in December is suggested to review the City’s long-term projections and noted the City will hold its annual Community Workshop virtually in line with health and safety directives and to ensure everyone’s safety. Commissioner Hoffner commended staff for their efforts and hard work given the circumstances in completing the year-end budget report. Motion – A motion was made and seconded by Commissioners Twohey/Hoffner to receive and file the Fiscal Year 2019/20 General Fund Year-End Budget Report. Motion passed unanimously 2. RECEIVE AND FILE THE FISCAL YEAR 2019/20 MEASURE G SALES TAX COMPLIANCE REPORT (Report) Finance Director Romero presented the staff report, which is on file in the Finance Department. Finance Director Romero thanked Commissioners Batavick and Rosen for their participation, time, and contribution on the subcommittee in formulating the Report. Commissioner Batavick shared his experience with the process of formulating the Report and said it was a great collaboration with Commissioner Rosen and staff given the circumstances of the pandemic. Chairperson Mills commended Commissioners Batavick and Rosen and staff on their efforts in drafting the Report. Motion – A motion was made and seconded by Commissioners Hunter/Twohey to receive and file the Fiscal Year 2019/20 Measure G Sales Tax Oversight Compliance Report. Motion passed unanimously 3. RECOMMEND APPROPRIATION OF ADDITIONAL MEASURE G FUNDING FOR THE SILVERROCK PARK VENUE PROJECT NO. 2016-08 AND ALONGI BUILDING PROJECT AND DISCUSS PROPOSED PHASE II IMPROVEMENTS FOR THE SILVERROCK PARK VENUE PROJECT (Project) Finance Director Romero, Management Analyst Mignogna, Public Works Director/City Engineer McKinney, and City Consultant Chris Hermann, President/CEO of Hermann Design Group, presented the staff report, which is on file in the Finance Department. FINANCIAL ADVISORY COMMISSION MINUTES 4 NOVEMBER 4, 2020 REGULAR QUARTERLY MEETING The Commission and staff discussed proposed phase II improvements for the Project, including high priority items and other upgrades, additional landscape recommendations, necessary drainage improvements, retention basin stabilization and additional costs associated with the venue site and Alongi building; and additional funding sources apart from Measure G funds that may be available, and the timeline for Council presentation of phase I and phase II recommendations. Motion – A motion was made and seconded by Commissioners Way/Batavick to recommend Council approval of additional Measure G funding appropriation, in the amount of $244,700, for the SilverRock Park Venue Project No. 2016-08 and $160,000 for the Alongi Building Project. Motion passed unanimously. The Commission recommended forming an ad-hoc committee to review the recommended phase II improvements for the Project. Commissioners’ Mills, Rosen, and Way expressed their willingness to serve on the ad-hoc committee. The Commission Concurred. 4. RECEIVE AND FILE FISCAL YEAR 2020/21 FIRST QUARTER BUDGET REPORT Financial Services Analyst Hallick presented the staff report, which is on file in the Finance Department. No changes were recommended in the Fiscal Year 2020/21 First Quarter Budget Report, which was focused on current economic conditions and continuously monitoring the adopted budget. Motion – A motion was made and seconded by Commissioners Rosen/Hoffner to receive and file fiscal year 2020/21 first quarter budget report . Motion passed unanimously. 5. DISCUSS AND APPROVE THE POLICE SERVICES REVIEW COMMITTEE (Committee) RECOMMENDATIONS FOR POLICE SERVICES Financial Services Analyst Hallick, Community Resources Director Escobedo, and Public Safety Manager Mendez presented the staff report, which is on file in the Finance Department. Commissioner Batavick and Rosen shared their experience from serving on the Committee. FINANCIAL ADVISORY COMMISSION MINUTES 5 NOVEMBER 4, 2020 REGULAR QUARTERLY MEETING The Commission and staff discussed the Committee’s preliminary recommendations, included as Attachment 1 to the staff report; the Commission made recommendations for minor changes to the attachment before being presented to Council, which included the removal of language associated with tax increases Motion – A motion was made and seconded by Commissioners Twohey/Hunter to approve the police services committee recommendations for police services, as amended per the Commission’s recommendations. Motion passed unanimously STUDY SESSION – None DEPARTMENTAL REPORTS 1. FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES Finance Director Romero presented the staff report, which is on file in the Finance Department. Staff recommended having a Commission special meeting on Wednesday, December 2 due to the volume of special projects and the timing of presentations given to the Council. The Commission concurred. 2. SECOND QUARTER 2020 (APRIL-JUNE) SALES TAX UPDATE FOR THE CITY OF LA QUINTA Financial Services Analyst Hallick presented the staff report, which is on file in the Finance Department. 3. LA QUINTA COVID-19 SMALL BUSINESS EMERGENCY ECONOMIC RELIEF PROGRAM (Program) – verbal update Financial Services Analyst Hallick said Council approved to amend the program to allow businesses affected by state orders to apply for relief of August rent and utilities at a regular meeting on October 20th. The Commission commended the City on continuing to help businesses with the program. FINANCIAL ADVISORY COMMISSION MINUTES 6 NOVEMBER 4, 2020 REGULAR QUARTERLY MEETING COMMISSIONERS’ ITEMS Chairman Mills asked if staff could bring forth items to be presented to Council sooner to allow more time for review by the Commission even if a special meeting is needed. ADJOURNMENT There being no further business, it was moved and seconded by Commissioners Hoffner/Rosen to adjourn this meeting at 7:35 p.m. Motion passed unanimously Respectfully submitted, Jessica Delgado, Management Assistant City of La Quinta, California