HomeMy WebLinkAboutMPC.2022.1107.MinutesTOWN OF FOUNTAIN HILLS
MINUTES OF THE REGULAR MEETING
OF THE FOUNTAIN HILLS MUNICIPAL PROPERTY CORPORATION
NOVEMBER 7, 2022
Present: President Roger Riggert; Vice President Deborah Skehen (telephonically);
Secretary Chester Yon
Staff Present Grady Miller, Town Manager
David Pock, Chief Finance Officer
Angela Padgett -Espiritu, Executive Assistant
1. CALL TO ORDER AND PLEDGE OF ALLEGIANCE — President Riggert
President Riggert called to order the meeting of the Municipal Property Corporation at
2:01 p.m.
2. ROLL CALL — President Riggert
3. CALL TO THE PUBLIC
Pursuant to A.R.S. §38-431.01(H), public comment is permitted (not required) on matters NOT listed on the
agenda Any such comment (l) must be within the jurisdiction of the Commission, and (ii) is subject to
reasonable time, place, and manner restrictions. The Commission will not discuss or take legal action on
matters raised during Call to the Public unless the matters are properly noticed for discussion and legal action.
At the conclusion of the Call to the Public, individual commissioners may (I) respond to criticism, (ii) ask staff to
review a matter, or (iii) ask that the matter be placed on a future Commission agenda.
No one from the public spoke.
4. CONSIDERATION OF Approving the November 8, 2021, Meeting Minutes.
MOVED BY President Roger Riggert, SECONDED Vice President Deborah Skehen
(telephonically) to APPROVE the meeting minutes of the November 8, 2021, Municipal
Property Corporation.
AYE: President Roger Riggert, Vice President Deborah Skehen (telephonically),
Secretary Chester Yon
5. CONSIDERATION OF Electing Officers
MOVED BY Secretary Chester Yon, SECONDED Vice President Deborah Skehen
(telephonically) to APPOINT Roger Riggert as President of the Municipal Property
Corporation.
AYE: President Roger Riggert, Vice President Deborah Skehen (telephonically),
Secretary Chester Yon
MOVED BY Secretary Chester Yon, SECONDED Vice President Deborah Skehen
(telephonically) to APPOINT Deborah Skehen as Vice President of the Municipal Property
Corporation.
AYE: President Roger Riggert, Vice President Deborah Skehen (telephonically),
Secretary Chester Yon
MOVED BY Secretary Chester Yon, SECONDED Vice President Deborah Skehen
(telephonically) to APPOINT Chester Yon as Secretary of the Municipal Property
Corporation.
AYE: President Roger Riggert, Vice President Deborah Skehen (telephonically),
Secretary Chester Yon
6. FINANCIAL REPORT for the year ending June 30, 2022.
MOVED BY Secretary Chester Yon, SECONDED Vice President Deborah Skehen
(telephonically) to APPROVE the financial report for the year ending June 30, 2022.
AYE: President Roger Riggert, Vice President Deborah Skehen (telephonically),
Secretary Chester Yon
7. ADJOURNMENT
MOVED BY Secretary Chester Yon, SECONDED Vice President Deborah Skehen
(telephonically) to ADJOURN the meeting of the Municipal Property Corporation at 2:05
p.m.
AYE: President Roger Riggert, Vice President Deborah Skehen (telephonically),
Secretary Chester Yon
TTEST AND PREPARED BY:
Angela piritu, Executive istant
MUNICIPAL PROPERTY CORPORATION
Ro•er Riggert, P esi.e
CERTIFICATION
I hereby certify that the foregoing minutes are a true and correct copy of the minutes of the Regular
Meeting held by the Fountain Hills Municipal Property Corporation in the Town Hall Fountain
Conference Room on the 7th day of November, 2022. I further certify that the meeting was duly called
and that a quorum was present
DATED this 6 day of November 2023.
�TL
Angela spin u, Executive Assistant
1
TOWN OF FOUNTAIN HILLS
MUNICIPAL PROPERTY CORPORATION
Balance Sheet - Governmental Funds
As of June 30, 2022
ASSETS
Cash and Investments
Intergovernmental Receivable
Municipal
Property Corp
Debt Service
Fund
$ 11,035
Total Assets $ 11,035
LIABILITIES AND FUND BALANCE
Liabilities:
Accounts Payable
Total Liabilities
Fund Balance:
Restricted
$
11,035
Total Fund Balance 11,035
Total Liabilities and Fund Balance $ 11,035
TOWN OF FOUNTAIN HILLS
MUNICIPAL PROPERTY CORPORATION
Statement of Revenues, Expenditures and Changes in Fund Balance
for Fiscal Year Ended June 30, 2022
REVENUES
Investment Earnings
Total Revenues
EXPENDITURES
Debt Service:
Principal
Interest
FY21-22 FY21-22
Actual Budget
$ 18 $ 840
18 840
Fiscal Charges 10 1,010
Total Expenditures
Excess (Deficiency) of Revenues
Over/(Under) Expenditures
OTHER FINANCING SOURCES (USES)
Transfer in
Total Other Financing Sources (Uses)
10 1,010
8 (170)
Net Change in Fund Balance 8 (170)
Fund Balance, Beginning of Year 11,027 11,027
Fund Balance, End of Year $ 11,035 $ 10,857