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2023 10 04 FAC MinutesFINANCIAL ADVISORY COMMISSION MINUTES WEDNESDAY, OCTOBER 4, 2023 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 Dorsey. PRESENT: Commissioners Anderson, Batavick, Mast, Mills, and Chair Dorsey ABSENT: Commissioner Way VACANCY: One (1) 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. AVENUE 48 ARTS AND MUSIC LINE PROJECT UPDATE BY COACHELLA VALLEY ASSOCIATION OF GOVERNMENTS (CVAG) EXECUTIVE DIRECTOR TOM KIRK Executive Director Tom Kirk and Project Manager Randy Bowman from CVAG provided a detailed presentation and status update on the Avenue 48 Arts and Music Line Project (Project), a 10-mile community connector, which will run along Avenue 48 through the Cities of La Quinta, Indio, and Coachella, including information on Project funding sources, design, lighting, hardscape, and safety. CONSENT CALENDAR ITEMS 1. APPROVE MEETING MINUTES DATED AUGUST 9, 2023 2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED JULY 31, 2023 Motion — A motion was made and seconded by Commissioners Mills/Batavick to approve the Consent Calendar as submitted. Motion passed: ayes — 5, noes — 0, abstain — 0, absent — 1 (Way), vacancy — 1. FINANCIAL ADVISORY COMMISSION MINUTES Page 1 of 2 OCTOBER 4, 2023 SPECIAL MEETING BUSINESS SESSION 1. APPOINT TWO FINANCIAL ADVISORY COMMISSIONERS TO AUDIT AND FORMULATE THE ANNUAL MEASURE G SALES TAX OVERSIGHT COMPLIANCE REPORT (Report) FOR FISCAL YEAR 2022/23 Finance Director Martinez presented the staff report, which is on file in the Finance Department. Staff provided the timeline for completing the Report. Commissioner Batavick and Mast expressed their willingness to participate on the subcommittee to audit and formulate the annual Measure G sales tax oversight Compliance report for fiscal year 2022/23 Motion — A motion was made and seconded by Commissioners Anderson/Mills to appoint Commissioners Batavick and Mast to serve on the subcommittee to audit and formulate the annual Measure G sales tax oversight compliance report for fiscal year 2022/23. Motion passed: ayes — 5, noes — 0, abstain — 0, absent — 1 (Way), vacancy — 1. STUDY SESSION — None DEPARTMENTAL REPORTS — All reports are on file in the Finance Department. 1. FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES Finance Director Martinez provided an update on current and upcoming Finance Department projects and explained the purpose for the city-wide comprehensive annual audit. She announced that interviews for the Financial Advisory Commission vacancy will be held at a Council meeting in December 2023. COMMISSIONERS' ITEMS Commissioner Batavick said that he would like staff to consider providing an update at a future Commission meeting on damages incurred by Hurricane Hiliary in August 2023 and subsequent storm to the City and funding sources available to cover cost. ADJOURNMENT There being no further business, it was moved by Commissioner Batavick/Mills to adjourn this meeting at 5:11 p.m. Motion passed: ayes — 5, noes — 0, abstain — 0, absent — 1 (Way), vacancy — 1. Respectfully sumitted, Jessica Delgado, Administrative Technician/Commission Secretary City of La Quinta, California FINANCIAL ADVISORY COMMISSION MINUTES Page 2 of 2 OCTOBER 4, 2023 SPECIAL MEETING