HomeMy WebLinkAboutBUDGET & FINANCE ACTION SUMMARY 03-31-08
Central Contra Costa Sanitary District
5019 1Ill110ff Place, MaltllleZ, CA 94553-4392 (925) 228-9500 . wwwcentlalsan,org
BUDGET AND FINANCE COMMITTEE
ACTION SUMMARY
Chair McGill
Member Lucey (Alternate)
Monday, March 31,2008
3:00 p.m.
Executive Conference Room
5019 Imhoff Place
Martinez, California
PRESENT: Mike McGill, Jerry Lucey, Jim Kelly, Randy Musgraves, Debbie Ratcliff,
Ann Farrell, Kurt Darner
1. CALL MEETING TO ORDER
Chair McGill called the meeting to order at 3 p.m.
2. PUBLIC COMMENTS
None.
3. OLD BUSINESS
a. Question regarding Calpo Horn and Dong Architects
COMMITTEE ACTION: Ann Farrell discussed the use of Calpo Hom and
Dong Architects. No action was taken.
4. CLAIMS MANAGEMENT
COMMITTEE ACTION: Two liability claims were discussed. Both involved
vehicle damage due to a raised manhole. No action was taken.
o Recycled Paper
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Budget and Finance Committee
March 31 , 2008
Page 2
5. REPORTS/ANNOUNCEMENTS
a. Review proposed 2008-09 increase for Capacity Fees and revision of
Environmental and Development-Related Rates and Charges (held over
from 3/17/08 Committee meeting)
COMMITTEE ACTION: Capacity fees and Development-Related
Rates and Charges were reviewed. Packets have been sent to
developers and no comments have been received to date. Class I
and II fees have not changed over the past few years in an effort to
keep these fees affordable and staff indicated that these should be
reviewed next year in detail. The Committee concurred.
b. Review February 2008 Financial Statements (Item 4.b. in Board Binder)
COMMITTEE ACTION: Recommended Board approval of the
Financial Statements.
c. Review GASB 45 trust options
COMMITTEE ACTION: The Committee asked that a position paper be
brought back for final review before submission to the full Board that
recommends the establishment of a GASB 45 Trust, using PARS as
the Administrator. PARS contracts with Union Bank as the Trustee,
and Highmark Capital as the Investment Advisor. Also, a question
was asked as to the magnitude of dollars that PARS administers for
GASB 45. This information will be provided at the next Committee
meeting.
6. REVIEW EXPENDITURES
COMMITTEE ACTION: There was one outstanding question regarding
office supplies from Office Depot that will be brought back to the next
Committee meeting. Recommended Board approval of the expenditures.
7. ADJOURNMENT - at 3:55 p.m.