HomeMy WebLinkAboutBUDGET & FINANCE ACTION SUMMARY 02-19-08
Central Contra Costa Sanitary District
5019 Imhoff Place Martinez, CA 94553-4392 (925) 228-9500 . wwwcentralsan.org
BUDGET AND FINANCE COMMITTEE
ACTION SUMMARY
Chair McGill
Member Nejedly
Tuesday, February 19, 2008
3:00 p.m.
Executive Conference Room
5019 Imhoff Place
Martinez, California
PRESENT: Mike McGill, Jim Nejedly, Jim Kelly, Randy Musgraves, Debbie Ratcliff
1. CALL MEETING TO ORDER
Chair McGill called the meeting to order at 3:00 p.m.
2. PUBLIC COMMENTS
None.
3. OLD BUSINESS
a. Debt service exclusion from overhead calculation
Staff discussed the overhead calculation and will come back with
more details regarding the inclusion of debt service interest recovery
and the depreciation of the HHW facility and inclusion of both debt
service and depreciation to overhead as a general principle.
b. Legal costs for Code revisions.
Legal costs were reviewed and there were no further questions.
c. Time-line for creating a proposed Reserve Policy/Guideline
The time-line was reviewed. A request was made to bring back the
pros and cons of establishing a policy/guideline and to see if the
Board could receive the first documents earlier so it could be part of
this year's rate consideration.
A
Co, Recycled Paper
Budget and Finance Committee
February 19, 2008
Page 2
4. CLAIMS MANAGEMENT
There were no new claims to report.
5. REPORTS/ANNOUNCEMENTS
a. Review December 2007 Financial Statements
The December 2007 financial statements were reviewed and the
Committee recommended Board approval.
b. Review Six-Month Operations and Maintenance Budget
The six-month O&M Budget was reviewed in detail and the
Committee recommended Board approval.
c. Update on GASB 45 trust options
Staff reviewed the progress being made on gathering information
from various trust providers.
6. REVIEW EXPENDITURES
Expenditures were reviewed and there was one outstanding question
regarding an easement purchase. The Committee recommended
Board approval.
8. ADJOURNMENT at 3:50 p.m.