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2021 12 14 FAC Minutes Special MeetingFINANCIAL ADVISORY COMMISSION MINUTES Page 1 of 4 DECEMBER 14, 2021 SPECIAL MEETING FINANCIAL ADVISORY COMMISSION SPECIAL MEETING MINUTES TUESDAY, DECEMBER 14, 2021 CALL TO ORDER A special meeting of the La Quinta Financial Advisory Commission (Commission) was called to order at 4:00 p.m. by Chair Batavick. This meeting was held by teleconference pursuant to Executive Orders N-60- 20 and N-08-21 executed by the Governor of California, and subsequently Assembly Bill 361 (AB 361, 2021), enacted 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 in the Ralph M. Brown Act (Government Code § 54950 et seq.), members of the public, the Financial Advisory Commission, the City Manager, City Attorney, City Staff, and City Consultants may participate in this special meeting by teleconference. PRESENT: Commissioners Anderson, Campbell, Dorsey, Mast, Mills, Way, and Chair Batavick ABSENT: None STAFF PRESENT: Interim Finance Director Martinez, Financial Services Analyst Hallick, City Clerk Radeva, Management Assistant Delgado, Management Analyst Mignogna, and Public Works Director/City Engineer McKinney PLEDGE OF ALLEGIANCE Commissioner Anderson 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 1. City Clerk Radeva provided a brief overview of Section 2.9 - Requesting the Addition FINANCIAL ADVISORY COMMISSION MINUTES Page 2 of 4 DECEMBER 14, 2021 SPECIAL MEETING of Items to a Future Agenda, under Rules of Procedure (Resolution No. 2021- 034) included in the Attachment 2 provided to all City established Boards and Commissions. Ms. Radeva also provided an overview on general updates on departmental structure within the City; provisions of the Ralph M. Brown Act (Government Code Section 54950 et seq.); process for general inquiries not under the scope and purview of the Commission; examples of serial meetings; and requirements necessary for in- person commission meetings and provided an update on this process. The Commission and staff congratulated Claudia Martinez on her promotion to Finance Director for the City. CONSENT CALENDAR ITEMS 1. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED AUGUST 30, 2021 2. RECEIVE AND FILE FIRST QUARTER FISCAL YEAR 2021/22 TREASURY REPORTS FOR JULY, AUGUST, SEPTEMBER 2021 Motion A motion was made and seconded by Commissioners Anderson/Mills to approve the Consent Calendar. Motion passed unanimously. BUSINESS SESSION 1. APPROVE RECOMMENDATION OF HIGHWAY BRIDGE PROGRAM ADVANCED CONSTRUCTION FUNDING FOR THE DUNE PALMS ROAD BRIDGE PROJECT NO. 2011-05 (Project) Management Analyst Mignogna presented the staff report, which is on file in the Finance Department. The Commission, staff, and City Consultant/Project Manager Nickerson with NAI Consulting, inc. discussed how expenses are disclosed and reflected for the Project ; timeline process for Project reimbursement; funding allocation options; other agency funding shares; and Measure G and Unassigned reserve projections. The Commission requested Comprehensive Financial Report. Motion A motion was made and seconded by Commissioners Mills/Dorsey to approve recommendation of using a combination of both unassigned and Measure G funds for Highway Bridge Program Advanced Construction Funding for the Dune Palms Road Bridge Project No. 2011-05. Motion passed unanimously. FINANCIAL ADVISORY COMMISSION MINUTES Page 3 of 4 DECEMBER 14, 2021 SPECIAL MEETING 2. RECEIVE AND FILE FISCAL YEAR 2020/21 MEASURE G SALES TAX COMPLIANCE REPORT Financial Services Analyst Hallick presented the staff report, which is on file in the Finance Department. Ms. Hallick thanked the subcommittee for their dedication and hard work in auditing and formulating the fiscal year 2020/21 annual Measure G compliance report (Report). Commissioner Mills suggested some minor changes to the Report such as changing the word recap to summary on page one, in last sentence in first paragraph under Overview; adding 23% in front of Measure G funds in second bullet point under Report Highlights on page one; replacing the word stronger with greater in first sentence under Fiscal Year 2020/21 Revenues on page one; and replacing the word concludes to confirms in last paragraph under Measure G Background and Compliance Summary on last page of Report. Discussion followed that the Report is published on website and possibly in the La Quinta Gem newspaper, a local publication in La Quinta. Motion A motion was made and seconded by Commissioners Anderson/Batavick to receive and file the fiscal year 2020/21 annual Measure G compliance report as amended by Commissioner Mills. Motion passed unanimously. 3. APPOINT TWO FINANCIAL ADVISORY COMMISSIONERS TO SERVE ON THE FISCAL YEAR 2022/23 GENERAL FUND OPERATING BUDGET SUBCOMMITTEE Interim Finance Director Martinez presented the staff report, which is on file in the Finance Department. Commissioner Anderson, Dorsey, and Mast expressed their willingness to serve on the fiscal year 2022/23 general fund operating budget subcommittee. Motion A motion was made and seconded by Commissioners Batavick/Mills to appoint Commissioners Anderson, Dorsey, and Mast to serve on the fiscal year 2022/23 general fund operating budget subcommittee. Motion passed unanimously. STUDY SESSION None FINANCIAL ADVISORY COMMISSION MINUTES Page 4 of 4 DECEMBER 14, 2021 SPECIAL MEETING DEPARTMENTAL REPORTS All reports are on file in the finance department. 1. COMMUNITY WORKSHOP IN JANUARY Chair Batavick shared his experience from past community workshops and encouraged other commissioners to attend. 2. FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES Chair Batavick inquired about the review of capital improvement budget and if the this year by the Commission. Staff said the capital improvement budget is included in the fiscal year 2022/23 operating budget subcommittee review and that the unfunded pension liability reviewed last year would be reviewed again in fiscal year 2022/23. CO Chair Batavick December 7, 2021, which Commissioner Anderson also attended. Chair Batavick said that he would recommend to the group who reviews the the future to consider steps to fully fund the selected to review the fiscal year 2022/23 operating budget to pay close attention to the high inflation currently taking place. unfunded pension liability. ADJOURNMENT There being no further business, it was moved by Chair Batavick to adjourn this meeting at 5:45 p.m. Motion passed unanimously. Respectfully submitted, Jessica Delgado, Management Assistant City of La Quinta, California