Financial Advisory Board Meeting

AGENDA Financial Advisory Board Hybrid Meeting Reno City Hall, 12th Floor Conference Room 1 East First Street, Reno, NV 89501 Thursday, July 11, 2024 3:30 p.m. Members: Daren McDonald, Chair James Christman Judi Rough, Vice-Chair Charlene Hart Jillian Keller, Second Vice-Chair Richard Jay Kelly Bland Ric Rosario Bryan Carano Brian Wadsworth Council Liaison: Mayor Hillary Schieve Staff Liaison: Mark Stone Public Notice This agenda has been physically posted in compliance with NRS 241 (notice of meetings) at Reno City Hall – 1 East First Street, Reno, Nevada 89501. In addition, this agenda has been electronically posted in compliance with NRS 241 at reno.gov, and NRS 232 at notice.nv.gov. To obtain further documentation regarding posting, please contact the City Clerk’s Office at 775-334-2030 or cityclerk@reno.gov. This meeting will be held at Reno City Hall in the 12th-floor conference room and via the Zoom video conference platform. Members of the public wishing to attend the meeting may do so at the designated physical location or may hear, observe, and provide public comment virtually by pre-registering using the following link which will provide the Webinar ID and call-in phone number: https://links.reno.gov/3xFmxMr You can also join the meeting by typing zoom.us/join into your computer browser and entering the Webinar ID: 820 4873 8906. NOTE: This option will require a computer with audio and video capabilities. Alternatively, you can join the meeting by telephone only by dialing 1-669-444-9171, entering the Webinar ID: 820 4873 8906, and pressing #. Accommodation The City of Reno, in compliance with the Americans with Disabilities Act, wishes to make all its public meetings accessible to the public. Persons who require special accommodation or assistance in attending this meeting may contact Mark Stone at 775-334-3105 at least 48 hours in advance so that arrangements can be made. Supporting Material Staff reports and supporting material for the meeting are available by contacting Mark Stone at 775-334- 3105 or stonema@reno.gov and on the City’s website at reno.gov/meetings. 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 items from the agenda, and/or delay discussion on or continue scheduled agenda items at any time. 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 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 a subsequent agenda as an action item. Comments received prior to 4:00 p.m. on the day preceding the meeting will be transcribed, provided to the public body for review, and entered into the record. Comments received after 4:00 p.m. on the day preceding the meeting will be provided to the public body for review prior to adjournment and entered into the record. On specific agenda items, 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 the 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. 00-47 (April 27, 2001); Nevada Open Meeting Law Manual, §8.05. Other 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. In-Person Persons wishing to address the public body at the meeting shall submit a “Request to Speak” form to Mark Stone. Virtual Pursuant to NRS 241, persons not in attendance who wish to submit public comment may do so by (1) completing the online public comment form found at reno.gov/publiccomment; (2) sending an email to stonema@reno.gov; (3) during the virtual public comment period of the meeting; or (4) by leaving a voicemail at 775-334-3105. To provide public comment via Zoom, log in to the Zoom webinar at the above link and utilize the “Raise Hand” feature during any public comment period. To provide public comment via telephone only, press *9 to “Raise Hand” and *6 to mute/unmute. A. Introductory Items A1. Call to Order/Roll Call A2. Public Comment – This item is for either public comment on any action item or any general public comment and is limited to no more than three (3) minutes for each commentator. A3. Approval of the Agenda (For Possible Action) – July 11, 2024 A4. Approval of the Minutes (For Possible Action) – June 13, 2024 A5. Council Liaison Report – Item for general announcements and informational items only. No action may be taken on this item. A6. Staff Liaison Report – Item for general announcements and informational items only. No action may be taken on this item. B. Business Items B1. Interim Financial Report/Budget Update, including augmentations and revisions, for fiscal year (FY) 2024 to Date. (For Discussion Only) B2. Debt Update. (For Discussion Only) B3. Update on annual risk assessments of City departments, activities, and processes performed by the City’s Internal Audit Division. (For Discussion Only) B4. Presentation and discussion regarding the Parks capital plan and the residential construction tax – Parks and Recreation Department Director Nathan Ullyot. (For Discussion Only) B5. Discussion, review, and acceptance of proposed revisions to Financial Advisory Board by-laws. (For Possible Action) B6. Presentation and discussion regarding the Internal Audit Division’s 24-02 Fire Inspection Fees Audit Report. (For Possible Action) B7. Discussion and acceptance of the following Annual Internal Audit Administrative Documents: FY 2024/25 Annual Internal Audit Plan, Attestations of Independence, and Ethics Statements. (For Possible Action) B8. Presentation and discussion of the Internal Audit Division’s evolution and maturity model. (For Discussion Only)  B9. Review of Financial Advisory Board FY 2024/25 Work Plan and associated Staff Report for inclusion on the July 24, 2024, Reno City Council Meeting agenda. (For Possible Action) B10. Discussion regarding Nevada Open Meeting Law (OML) and applicability to Financial Advisory Board meetings. (For Discussion Only) 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)