HomeMy WebLinkAboutBUDGET & FINANCE ACTION SUMMARY 04-14-08
~
7.cl.i)
Central Contra Costa Sanitary District
5019 Imhoff Place, Martlllez, CA 94553-4392 (925) 228-9500 . wwwcentlalsan.org
BUDGET AND FINANCE COMMITTEE
ACTION SUMMARY
Chair McGill
Member Nejedly
Monday, April 14, 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 p.m.
2. PUBLIC COMMENTS
None.
3. OLD BUSINESS
a. Office Depot
COMMITTEE ACTION: The outstanding question regarding supplies
from Office Depot was reviewed. The report was accepted and no
action was taken.
4. CLAIMS MANAGEMENT
COMMITTEE ACTION: Two new claims were discussed. The first claim was
an overflow into the bathroom of a music studio at 1268 Pine Street in
Walnut Creek. The second involved an employee backing a truck into a
homeowner's brick wall on La Gonda Way. Both are small claim amounts
and are being addressed with the homeowners. The overflow that occurred
at 79 Lorna Vista in Orinda will be discussed with the Board in Closed
Session.
A-
", Recycled Paper
Budget and Finance Committee
April 14, 2008
Page 2
5. , REPORTS/ANNOUNCEMENTS
a. Draft Position Paper on GASB 45 trust options
COMMITTEE ACTION: Concurred with staff's recommendation to
establish a GASB 45 Trust and to contract with PARS for Trustee and
Investment Management Services. The Committee recommends
bringing the position paper to the full Board for approval.
b. Draft Position Paper on Self-Insurance Budget
COMMITTEE ACTION: The Committee reviewed the proposed Self-
Insurance Budget, including the three sub-funds, and the increased
allocation from the Operations and Maintenance Fund to the Self-
Insurance Fund. The Committee recommends approval of the Self-
Insurance Budget. A position paper will be presented at the May 1,
2008 Board meeting.
6. REVIEW EXPENDITURES
COMMITTEE ACTION: Recommended approval of the expenditures.
The Committee discussed the importance of transparency to the public
with regard to travel and conference costs. The General Manager was
requested to display the Board's travel costs for review and Board
approval as part of the budget process.
7. ADJOURNMENT - at 4:00 p.m.