Financial Advisory Board

Financial Advisory Board Meeting Virtual Meeting Agenda Thursday, June 9, 2022, 3:30pm Reno City Hall, 7th Floor Caucus Room One East First Street Reno, NV 89501 Members Teela McCullar, Chair James Proctor Steven Anderson, Vice-Chair Josh Rennie Kenneth Becker, Second Vice-Chair Lindsay Sessions Harris Armstrong Brian Wadsworth Richard Jay Council Liaison: Devon Reese Jillian Keller Staff Liaison: Matt Taylor Daren McDonald 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 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 may participate in this meeting using the zoom video conference platform. Members of the public may participate in the meeting by registering through the below zoom link which will provide the meeting ID number and call-in phone number. Virtual link: https://us06web.zoom.us/webinar/register/WN_OySg8cF_Tem49MT6FdNvRQ In Person: One East First Street, 7th floor Caucus Conference Room 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 Matt 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. Public Comment In-Person A person wishing to address the public body shall submit a “Request to Speak” form to the presiding officer. Public comment, whether on items listed on the agenda or general public comment, is limited to three (3) minutes per person. Unused time may not be reserved by the speaker, nor allocated to another speaker. No action may be taken on a matter raised under general public comment until the matter is included on an agenda as an item on which action may be taken. The presiding officer may prohibit comment if the content of comments is a topic that is not relevant to, or within the authority of, the public body, or if the content is willfully disruptive of the meeting by being irrelevant, repetitious, slanderous, offensive, inflammatory, irrational or amounting to personal attacks or interfering with the rights of other speakers. Any person making willfully disruptive remarks while addressing the public body or while attending the meeting may be removed from the room by the presiding officer, See, NRS 241 and the person may be barred from further audience before the public body during that session. See, Nevada Attorney General Opinion No. 00-047 (April 27, 2001); Nevada Open Meeting Law Manual, § 8.05. Examples of disruptive conduct include, without limitation, yelling, stamping of feet, whistles, applause, heckling, name calling, use of profanity, personal attacks, physical intimidation, threatening use of physical force, assault, battery, or any other acts intended to impede the meeting or infringe on the rights of the public body or meeting participants. Virtual 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 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/Commission/Committee 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) – June 9, 2022 A.4 Approval of the Minutes (For Possible Action) – May 12, 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 only) a) Interim Financial Report/Budget Update, including augmentations and revisions, for Fiscal Year to Date 2022. b) Debt Update c) Update on annual risk assessments of City departments, activities and processes performed by the City’s Internal Auditor. B.2 Presentation and discussion regarding the history of issued and outstanding debt and the projects the funding has been used for. (Informational only) B.3 Discussion regarding pay as you go (Paygo) funding of projects and the projects that it has been used for. (Informational only) B.4 Discussion regarding the different Consumer Price Indexes (CPI), how they are used for price adjustments and what CPI other agencies use. (Informational only) B.5 Presentation, discussion, and possible direction to staff regarding Audit Topics for the annual internal audit plan for FY 22/23. (For Possible Action) B.6 Update on the Financial Advisory Board work plan for FY 22/23 to be submitted to City Council for approval on July 20, 2022. (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)