Financial Advisory Board

Financial Advisory Board Meeting Virtual Meeting Agenda Thursday, February 3, 2022, 3:30pm Members Teela McCullar, Chair Daren McDonald Steven Anderson, Vice-Chair James Proctor Kenneth Becker Josh Rennie Richard Jay Council Liaison: Devon Reese Jillian Keller Staff Liaison: Matt Taylor Public Notice This agenda has been physically posted in compliance with NRS 241(notice of meetings) at Reno City Hall – 1 East First Street. In addition, this agenda has been electronically posted in compliance with NRS 241.020(3) at http://www.reno.gov, and NRS 232 at https://notice.nv.gov/. To obtain further documentation regarding posting, please contact the City Clerk’s Office at (775) 334-2030, or cityclerk@reno.gov. Members of the Board/Commission/Committee will participate in this meeting using the zoom video conference platform. Members of the public may participate in the meeting by using the zoom video conference link or telephone number: Zoom link: https://zoom.us/webinar/register/WN_BOg3dh4FTsW-qLeSdSea8Q Meeting ID: 937 3883 7051 Call in number: +1 253 215 8782 Accommodations Reasonable efforts will be made to assist and accommodate individuals with disabilities attending the meeting. Please contact the City Clerk’s Office at (775) 334-2030 at least 48 hours in advance so that arrangements can be made. Supporting Materials Staff reports and supporting material for the meeting are available by contacting Matthew Taylor at (775) 334-3104, taylorm@reno.gov and on the City’s website at Reno.Gov. Pursuant to NRS 241, supporting material is made available to the general public at the same time it is provided to the public body. Order of Business The presiding officer shall determine the order of the agenda and all questions of parliamentary procedure at the meeting. Items on the agenda may be taken out of order. The public body may combine two or more agenda items for consideration; remove an item from the agenda; or delay discussion relating to an item on the agenda at any time. See, NRS 241. Items scheduled to be heard at a specific time will be heard no earlier than the stated time, but may be heard later. Virtual Public Comment No action may be taken on a matter raised under general public comment until the matter is included on a subsequent agenda as an action item. Pursuant to NRS 241, those wishing to submit public comment may do so through the online public comment form found at Reno.Gov/PublicComment, by sending an email to taylorm@reno.gov, by leaving a voicemail at 775-334- 3104 or at the meeting during virtual public comment. Public comment is limited to three (3) minutes per person. Comments received prior to 4:00 p.m. on the day preceding the meeting will be transcribed, provided to the Board/Commission/Committee for review, and entered into the record. Comments received after 4:00 pm on the day preceding the meeting will be provided to the Board for review prior to adjournment, and entered into the record. A. Introductory Items A.1 Call To Order/Roll Call A.2 Public Comment – This item is for either public comment on any action item or for any general public comment and is limited to no more than three (3) minutes for each commentator. A.3 Approval of the Agenda (For Possible Action) – February 3, 2022 A.4 Approval of the Minutes (For Possible Action) – January 6, 2022 A.5 Council Liaison Report – Item for general announcements and informational items only. No action may be taken on this item. A.6 Staff Liaison Report – Item for general announcements and informational items only. No action may be taken on this item. B. Business Items B.1 Presentation and discussion regarding FAB Work Plan Tasks: (Informational item only. No action will be taken on this item.) a) Interim Financial Report/Budget Update, including augmentations and revisions, for Fiscal Year to Date 2022. b) Debt Update c) Status of Proposed Collective Bargaining Contracts, including presentation of proposed collective bargaining contracts and tentative agreements for applicable bargaining units. d) Update on annual risk assessments of City departments, activities and processes performed by the City’s Internal Auditor. B.2 Election of Board Chair and Vice Chair. (For Possible Action) B.3 Update, discussion and possible recommendation to staff regarding the continued impact of the COVID-19 pandemic on the FY 2022 budget known to date with mitigating efforts being undertaken. (For Possible Action) B.4 Discussion and presentation with representative of the City’s audit firm (Moss Adams) on the Fiscal Year 2021 Single Audit. (For Possible Action)  B.5 Update, discussion and possible recommendation to staff regarding the use of the financial assistance funding received under the American Rescue Plan Act (ARPA). (For Possible Action) B.6 Update, discussion and possible recommendation to staff regarding the StoneGate Special Assessment District and issuing $36,860,000 in debt. (For Possible Action) B.7 Discussion and possible recommendation to staff regarding the use of Consumer Price Indexes in general City business including, but not limited to, the City fee schedule. (For Possible Action) B.8 Discussion and possible direction to staff regarding 22-01 TMWRF Split Percentage Audit Report. (For Possible Action) B.9 Discussion and potential recommendation to staff and City Council recommending the appointment of two individuals to the Financial Advisory Board to fill the positions vacated by past-Board Member John Briscoe and to fill the vacancy that was created when Board Member Karen Vibe’s term expired on October 31, 2021, from the following pool of applicants, listed in alphabetical order: Natalia Cerasoli, Elisa Davis, and/or Chris Guenther. (For Possible Action) C. Board/Commission/Committee Member Reports and Announcements - Limited to items that do not appear elsewhere on the agenda. No action may be taken on this item. D. Future Agenda Items - Discussion of items for future agendas. No action may be taken on this item. E. Public Comment - This item is for either public comment on any action item or for any general public comment and is limited to no more than three (3) minutes for each commentator. F. Adjournment (For Possible Action)