HomeMy WebLinkAboutBUDGET & FINANCE ACTION SUMMARY 06-02-08
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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
Monday, June 2, 2008
3:00 p.m.
Executive Conference Room
5019 Imhoff Place
Martinez, California
PRESENT: Michael 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
None.
4. CLAIMS MANAGEMENT
a. Discuss May 20,2008 meeting with homeowner McBride at 79 Loma
Vista, Orinda.
COMMITTEE ACTION: The rodent problem at 79 Lorna Vista, Orinda
was discussed. No action was taken by the Committee.
5. REPORTS/ANNOUNCEMENTS
a. Review and consider recommending Position Paper on conducting public
hearings to establish the Sewer Service Charge rate for 2008-09 and
approving the FY 2008-09 O&M, Debt Service, and Self-Insurance
Budgets. (Item 5.b. in Board Binder)
A
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Budget and Finance Committee
June 2,2008
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COMMITTEE ACTION: The Committee recommended Board approval
of the proposed 0 & M Budget and the recommended Sewer Service
Charge increase of $11.
b. Review and consider recommending Position Paper regarding the annual
renewal of the District's insurance policies. (Item 4.s. in Board Binder)
COMMITTEE ACTION: The Committee recommended Board approval
of the annual renewal of the District's insurance policies.
c. Receive draft GASB 45 Trust Investment Policies that will be reviewed in
detail at the June 16, 2008 Committee meeting.
COMMITTEE ACTION: The draft investment policies were received
and will be discussed in detail at the next Committee meeting with
Andrew Brown from HighMark Capital.
d. Review of draft Position Paper and Policy on Board Conference and
Meeting Attendance.
COMMITTEE ACTION: The draft position paper regarding Board
conference and meeting attendance was reviewed. The Committee
asked that the position paper be added to the agenda for the Board
meeting of June 19, 2008 and recommended Board approval.
6. REVIEW FINANCIAL STATEMENTS
a. Review April 2008 Financial Statements (Item 4.b. in Board Binder)
COMMITTEE ACTION: The Committee recommended Board approval
of the April 2008 Financial Statements.
7. REVIEW EXPENDITURES (Item 4.a. in Board Binder)
COMMITTEE ACTION: A question was asked about the payment to Kaiser
Hospital. Staff received the back-up material on Monday and will conduct
their review quickly. A status report will be provided to the Committee and
Board at the next meeting. Additional information was requested on
Spectrum Consultants, Inc. The Committee recommended Board approval
of expenditures.
8. ADJOURNMENT - at 3:55 p.m.