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HomeMy WebLinkAboutMinutes BORB 052622I CITY OF PALM BEACH GARDENS 2 BUDGET OVERSIGHT REVIEW BOARD 3 REGULAR MEETING 4 May 26, 2022 5 6 I. CALL TO ORDER 7 The regular meeting was called to order at 8:32 a.m. by Chair Comiter. 8 II. PLEDGE OF ALLEGIANCE 9 III. ROLL CALL 10 PRESENT: Chair Andrew Comiter, Vice Chair Dennis Beran, Mark Schulte, Mark Feldmesser and 11 David Middleton. 12 ABSENT: None. 13 ALSO PRESENT: Finance Administrator, Staff Liaison Allan Owens; Deputy Finance 14 Administrator, Sean O'Brien and Finance Manager, Arienne Panczak. 15 IV. ADDITIONS, DELETIONS, AND MODIFICATIONS 16 None. 17 V. APPROVAL OF MINUTES for the January 27, 2022 meeting. 18 Board Member Feldmesser made a motion to approve the January 27, 2022 meeting minutes. 19 Vice Chair Beran seconded. 20 Motion passed 5-0. 21 VI. REGULAR AGENDA 22 A. FY 2021 Audit Review 23 B. FY 2023 Budget Update 24 Finance Administrator, Allan Owens introduced Deputy Finance Administrator, Sean O'Brien 25 and Finance Manager, Arienne Panczak to the Board. Deputy Finance Administrator, Sean 26 O'Brien presented an overview of the Annual Comprehensive Financial Report for Fiscal Year 27 ending on September 30, 2021. The budget update for Fiscal Year 2023 was reviewed. The estimated 28 property values are expected to be released on June 1, 2022. The City is currently reviewing Fiscal 29 Year 2023 budget requests, estimating Fiscal Year 2022 revenues and expenditures, and projecting 30 Fiscal Year 2023 revenues. A new, online budgeting platform will be released called OpenGov. The 31 tentative millage rate will be reviewed at the July 14, 2022, City Council meeting. Discussion 32 ensued. 33 The Board agreed to set the next meeting date to July 7, 2022, at 8:30 a.m. to go over the OpenGov 34 platform, followed by the July 28, 2022, meeting at 8:30 a.m. to discuss the budget. 35 VII. OLD BUSINESS 36 None. 37 VIII. NEW BUSINESS 38 None. 39 IX. COMMENTS BY THE PUBLIC 40 None. 41 X. COMMENTS BY THE BOARD 42 Vice Chair Beran noted he would like to see a little more emphasis on what we can do on the 43 millage rate in this year's presentation. 44 Finance Administrator, Allan Owens stated depending on the valuation, we will take a hard look 45 at the millage that we are proposing. Discussion ensued. 46 BUDGET OVERSIGHT REVIEW BOARD MEETING PAGE 05-26-22 2 3 4 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 X1. ADJOURNMENT Vice Chair Beran made a motion to adjourn the meeting. Board Member Feldmesser seconded. Motion passed 5-0. Chair Comiter adjourned the meeting at 9:06 a.m. The next meeting will be held on July 7, 2022. APPROVED: Andju,w,w Comiter, Chair Dennis BerarVVice Mark 'Mark Feldmesser David Middleton ATTEST: Patricia Snider, CMC City Clerk NOTE: These minutes are prepared in compliance with 286.011 F.S. and are not verbatim transcripts of the meeting. A verbatim audio recording is available from the Office of the City Clerk. All referenced attachments on file in the Office of the City Clerk. BUDGET OVERSIGHT REVIEW BOARD MEETING 05-26-22 PAGE