2022 04 13 FAC Minutes Special Meeting
FINANCIAL ADVISORY COMMISSION MINUTES Page 1 of 4 APRIL 13, 2022
SPECIAL MEETING
FINANCIAL ADVISORY COMMISSION
SPECIAL MEETING
MINUTES
WEDNESDAY, APRIL 13, 2022
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 provided teleconferencing accessibility 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
(joined at 4:04 p.m.), and Chair Batavick
ABSENT: None
STAFF PRESENT: Finance Director Martinez, Financial Services Analyst Hallick,
Management Assistant Delgado, Management Specialist Mignogna, and Public
Works Director/City Engineer McKinney.
PLEDGE OF ALLEGIANCE
Commissioner Mills led the audience in the Pledge of Allegiance.
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – None
COMMISSIONER WAY JOINED THE MEETING AT 4:04 P.M.
CONFIRMATION OF AGENDA
Staff requested that Study Session Item No. 1 be moved up and considered
before the Consent Calendar. The Commission concurred.
FINANCIAL ADVISORY COMMISSION MINUTES Page 2 of 4 APRIL 13, 2022
SPECIAL MEETING
ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS
– None
STUDY SESSION – taken out of Agenda order
1. DISCUSS PROJECTS TO BE INCLUDED IN FISCAL YEARS 2022/23
THROUGH 2026/27 CAPITAL IMPROVEMENT PROGRAM (CIP)
BUDGET
Management Analyst Mignogna and Public Works Director/City Engineer
McKinney presented the staff report, which is on file in the Finance Department.
The Commission and staff discussed CIP transportation projects; funding type
and sources; and drainage improvements.
Commissioner Mast suggested resurfacing tennis courts at Fritz Burn Park. Staff
said they would have maintenance staff take a look at tennis courts conditions.
Further discussion followed on parks and facilities projects; La Quinta park
locations; City Hall capacity improvements; appropriations for Measure G
funding for the Highway 111 Corridor (Corridor) project; possible grant funding
for Corridor; overview of Corridor current phase plan; next steps for
consultants for the Corridor project; cost and challenges for Village
Underground utilities project; Phase II of citywide Public Safety Camera System
(PSCS) installations and camera use; potential funding for PSCS; Washington
Street sidewalk improvements for fiscal year 2023/24; and Measure G
projections for fiscal year 2022/23.
The Commission and staff discussed budgeting process for CIP and process for
funding projects. The Commission expressed general consensus for the
proposed CIP budget as presented; and recommended staff provide the
Commission with continuous updates on the Corridor project’s projected
appropriations as they become available.
CONSENT CALENDAR ITEMS – taken out of Agenda order
1. APPROVE MEETING MINUTES DATED FEBRUARY 9, 2022
2. RECEIVE AND FILE SECOND QUARTER FISCAL YEAR 2021/22
TREASURY REPORTS FOR OCTOBER, NOVEMBER, DECEMBER
2021
3. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED
DECEMBER 31, 2021
4. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED
JANUARY 31, 2022
FINANCIAL ADVISORY COMMISSION MINUTES Page 3 of 4 APRIL 13, 2022
SPECIAL MEETING
Motion – A motion was made and seconded by Commissioners Campbell/Mast
to approve the Consent Calendar as submitted. Motion passed unanimously.
BUSINESS SESSION
1. RECEIVE AND FILE FISCAL YEAR 2021/22 MID-YEAR BUDGET
REPORT (Report)
Finance Director Martinez presented the staff report, which is on file in the
Finance Department.
Commissioner Dorsey inquired about the unassigned fund balance for fiscal
year 2020/21. Staff said it was a little over $19 million.
The Commission and staff discussed review of credit card fees in upcoming fee
study (study) and process for study; amounts appropriated for Dune Palms
Bridge project; pay down process for the City’s pension liability; and second
quarter budget adjustments listed on Exhibit 1 included in the staff report.
The Commission recommended holding a future study session for an overview
update on CIP project accounting and activity reporting.
Motion – A motion was made and seconded by Commissioners Way/Anderson
to receive and file fiscal year 2021/22 mid-year budget report, as submitted.
Motion passed unanimously.
STUDY SESSION – Continued
2. REVIEW AND DISCUSS THE 2022 COMMUNITY WORKSHOP
Finance Director Martinez presented the staff report, which is on file in the
Finance Department.
Commissioner Mills commended Commissioners Batavick and Way on their
assistance of simplifying the 10-year Financial Projections (Projections) report.
The Commission suggested staff provide the previously used spreadsheet for
Projections to the Commission for review in a future Commission meeting as a
study session item.
DEPARTMENTAL REPORTS
All reports are on file in the Finance Department.
1. FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES
FINANCIAL ADVISORY COMMISSION MINUTES Page 4 of 4 APRIL 13, 2022
SPECIAL MEETING
Finance Director Martinez thanked the Commission for their participation in the
2022 Community Workshop on March 12, 2022, and the Special Joint Council,
Boards, Commissions, and Committees meeting on March 28, 2022.
The Commission inquired on transient occupancy tax sharing agreements and
how they are disclosed in the Annual Comprehensive Financial Report.
COMMISSIONERS’ ITEMS – None
ADJOURNMENT
There being no further business, it was moved by Commissioner Campbell/Mast
to adjourn this meeting at 6:11 p.m. Motion passed unanimously.
Respectfully submitted,
Jessica Delgado, Management Assistant
City of La Quinta, California
Digitally signed by Jessica Delgado
DN: cn=Jessica Delgado, o=City of La
Quinta, ou=Finance,
email=jdelgado@laquintaca.gov, c=US
Date: 2022.05.12 12:21:01 -07'00'