2023 11 08 FAC Minutes Special MeetingCALL TO ORDER
FINANCIAL ADVISORY COMMISSION
iPECIAL MEETIr'-
MINUTES
WEDNESDAY, NOVEMBER 8, 2023
A special meeting of the La Quinta Financial Advisory Commission (Commission) was
called to order at 3:00 p.m. by Chair Dorsey.
PRESENT: Commissioners Anderson, Batavick, Mast, Mills, and Chair Dorsey
ABSENT: Commissioner Way
VACANCY: One (1)
PLEDGE OF ALLEGIANCE
Commissioner Mills 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
1. APPROVE MEETING MINUTES DATED OCTOBER 4, 2023
2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED
AUGUST 31, 2023
Motion - A motion was made and seconded by Commissioners Mills/Mast to approve the
Consent Calendar as submitted. Motion passed: ayes - 5, noes - 0,
abstain - 0, absent - 1 (Way), vacancy - 1.
BUSINESS SESSION - None
STUDY SESSION - None
DEPARTMENTAL REPORTS - All reports are on file in the Finance Department.
1. FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES
Staff provided an update on current and upcoming Finance Department projects and City
events; explained the purpose for a land-based financing policy; said that an update for
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SPECIAL MEETING
both the Highway 111 Corridor project current expenditures and damages incurred by
Hurricane Hiliary in August 2023 and subsequent storm to the City will be added to a
special Commission meeting in December; and that staff anticipates the completion of
the City's Annual Comprehensive Financial Report for year ending June 30, 2023 on or
before January 30, 2024.
2. SECOND QUARTER 2023 (APRIL -JUNE) SALES TAX UPDATE FOR THE
CITY OF LA QUINTA
The Commission and staff discussed fiscal year 2022/23 budget; changes in sales tax;
and sales tax trends based on HDL Companies September 2023 California forecast found
on attachment 2 of staff report.
COMMISSIONERS' ITEMS — None
ADJOURNMENT
There being no further business, it was moved and seconded by Commissioners
Batavick/Mills to adjourn this meeting at 3:29 p.m. Motion passed: ayes — 5, noes — 0,
abstain — 0, absent — 1 (Way), vacancy — 1.
Respectfully submitted,
Jessica Delgado, Administrative Technician/Commission Secretary
City of La Quinta, California
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SPECIAL MEETING