HomeMy WebLinkAboutBUDGET & FINANCE ACTION SUMMARY 02-17-09Central Contra Costa Sanitary District
5019 Imhoff Place, Martinez, CA 94553-4392 (925) 228-9500 www.centralsan.org
BUDGET AND FINANCE COMMITTEE
ACTION SUMMARY
Chair Lucey
Member Nejedly
Tuesday, February 17, 2009
3:00 p.m.
Executive Conference Room
5019 Imhoff Place
Martinez, California
PRESENT: Jerry Lucey, Jim Nejedly, Jim Kelly, Debbie Ratcliff
1. CALL MEETING TO ORDER
Chair Lucey called the meeting to order at 3:05 p.m.
2. PUBLIC COMMENTS
None.
3. OLD BUSINESS
a. One outstanding question
COMMITTEE ACTION: The Committee asked staff to review the
rental of a vactor truck and ask the company from whom the District
purchased the new vactor trucks to pay for the rental if the
circumstances warrant.
4. CLAIMS MANAGEMENT
a. Review outstanding claims
There were no new claims reported. The existing Parkinen claim was
discussed.
COMMITTEE ACTION: None
iA, Recycled Paper
Budget and Finance Committee
February 17, 2009
Page 2
5. REPORTS/ANNOUNCEMENTS
a. Purchase of diesel fuel
Staff reported that since the price of diesel fuel is currently so low, a larger
quantity than budgeted has been purchased.
COMMITTEE ACTION: The Committee concurred.
b. GASB 45 Investment
COMMITTEE ACTION: The Committee directed staff to continue to
hold the District's GASB 45 contribution in LAIF.
c. Review Position Paper on six-month O&M Budget (Item 9.a. in Board
Binder)
COMMITTEE ACTION: None
d. The Committee asked staff to draft a letter with the help of Trucker Huss
to Contra Costa County Employees' Retirement Association requesting
that they do not increase the amortization period for the unfunded liability
and losses that have occurred over the last year or the averaging period
for the market returns.
6. LAIF INVESTMENT OVERVIEW FROM CASA
The safety of investing in LAIF was discussed.
COMMITTEE ACTION: Received overview. No action taken.
7. EXPENDITURES
a. Review expenditures
The Committee asked the status of the District's efforts to go "green':
Also, a question was asked about the price of a golf cart. Staff will
research and bring back information at the next Committee meeting.
COMMITTEE ACTION: Recommended Board approval of
expenditures.
Budget and Finance Committee
February 17, 2009
Page 3
8. REVIEW DECEMBER 2008 FINANCIAL STATEMENTS
COMMITTEE ACTION: Recommended Board approval of Financial
Statements.
9. ADJOURNMENT - at 3:30 p.m.