Loading...
HomeMy WebLinkAboutBUDGET & FINANCE AGENDA 05-04-09~~ Central Contra Costa Sanitary District Protecting public health and the environment 5019 Imhoff Place, Martinez, CA 94553-4392 BUDGET AND FINANCE COMMITTEE Chair Lucey Member Nejedly Monday, May 4, 2009 3:00 p.m. Executive Conference Room 5019 Imhoff Place Martinez, California INFORMATION FOR THE PUBLIC ADDRESSING THE COMMITTEE ON AN ITEM ON THE AGENDA .Anyone wishing to address the Committee on an item listed on the agenda will be heard when the Committee Chair calls for comments from the audience. The Chair may specify the number of minutes each person will be permitted to speak based on the number of persons wishing to speak and the time available. After the public has commented, the item is closed to further public comment and brought to the Committee for discussion. There is no further comment permitted from the audience unless invited by the Committee. ADDRESSING THE COMMITTEE ON AN ITEM NOT ON THE AGENDA In accordance with state law, the Committee is prohibited from discussing items not calendared on the agenda. You may address the Committee on any items not listed on the agenda, and which are within their jurisdiction, under PUBLIC COMMENTS. Matters brought up which are not on the agenda may be referred to staff for action or calendared on a future agenda. AGENDA REPORTS Supporting materials on Committee agenda items are available for public review at the Reception, 5019 Imhoff Place, Martinez. Reports or information relating to agenda items distributed within 72 hours of the meeting to a majority of the Committee are also available for public inspection at the Reception. During the meeting, information and supporting materials are available in the Conference Room. AMERICANS WITH DISABILITIES.4CT In accordance with the Americans ~4'ith Disabilities ;1ct and Caliti~rnia Law, it is the policy of the Central Contra Custa Sanitary District to offer its public meetings in a manner that is readily accessible to everyone, including those with disabilities. If you are disabled and require special accommodations to pcu-ticipate, please contact the Secretary of the District at least 43 hours in advance of the meeting at (92) 339-7303. (`)2_~) 228-900 \V ~Vw'.cClllr2tlSiln.01'~ ® Recycled Paper Budget and Finance Committee May 4, 2009 Page 2 1. CALL MEETING TO ORDER 2. PUBLIC COMMENTS 3. 'OLD BUSINESS *a. Review Outstanding Questions *b. Trucker Huss invoice and written response 4. CLAIMS MANAGEMENT *a. Review Outstanding Claims 5. REPORTS/ANNOUNCEMENTS *a. Bank Account Security Invasion (Novato Sanitary District) 6. REVIEW EXPENDITURES (Item 7. a. in Board Binder) a. Review expenditures '`b. Review P-Card expenditures 7. ,REVIEW MARCH 2009 FINANCIAL STATEMENTS (Item 7.b. in Board Binder) 8. ADJOURNMENT * Attachment 3.0.. Central Contra Costa Sanitary District May 1, 2009 TO: BOARD BUDGET AND FINANCE COMMITTEE FROM: RANDALL MUSGRAVES DEBBIE RATCLIFF SUBJECT: April 13, 2009 Finance Committee Meeting There were five outstanding questions from the last Board Budget and Finance Committee meeting which required additional staff research. The questions and answers are provided below: 1. 174973 Frontier Analytical Laboratory -Could these test be done in-house or with another lab to reduce the cost? The District contracts with two labs, Frontier and Vista for Dioxin analysis. Frontier is about $200 per sample cheaper than Vista. Both labs are certified by the State Department of Health Services ELAP. The data has to meet the ELAP requirements and our own data quality objectives. Once a year, staff compares prices and picks the lowest cost, qualified lab. Staff performs many of the lab tests in-house. However, Dioxin, chlorinated pesticides, polyaromatic hydrocarbons, radioactivity, hexa chromium, organic lead, and methyl mercury are sent to outside labs. Very expensive instrumentation is needed to test these chemicals and staff believes it is not cost effective to purchase the instrumentation for samples that are tested two times a year. 2. 175001 Occhicone Landscape What are the terms of this contract? Staff has researched the contract with Mike Occhicone for landscaping services, specifically late invoicing. The contract calls for invoicing to be submitted by the 10th of the following month, for work performed that month. Staff looked to see how late invoices have been submitted. It is difficult to determine actual time due to the lack of date stamping the invoice upon receipt. Furthermore, research indicates that often times invoices are processed slowly within the District. Staff is looking to see what options are available to ensure timely billing. There is an invoice in the current expenditure report for mowing that occurred in 2008. That invoicing is clearly unacceptably late. The District's Purchasing Manager will be at the Committee meeting to discuss additional direction from the Committee. 3. 175022 Steelhead Data -What was this invoice for and why is it so costly? This invoice for $11,202 is for the Equal Logic SAN or Storage Area Network. This is a centralized disk drive storage system that can be attached to any network server and can be expanded to store terabytes of disk drive space. Currently, the SAN is being used to store all TV inspection video and Group folders where different work groups store their documents. The original SAN system purchased in 2007 cost $100,000 for hardware and installation. Within one year, a second expansion cabinet was purchased for approximately $55,000. This invoice is for yearly maintenance of all SAN equipment with seven day support and four hour response time. The maintenance cost is less than 10% of the cost of the equipment. Typically, hardware support is between 15%-25% of the cost. ~4. 175194 Concord Graphic Arts- Is this the cheapest cost for "Leave Request Forms"? Staff checks on the price of printing forms periodically, however, official quotes are not obtained since this expense is under the $3,500 limit. There are no companies that specialize in printing only forms. A separate company provides the multiple part paper to Concord Graphic Arts. Staff continues to use Concord Graphic Arts because it is the cheapest. 5. 175247 Slide4Less -Why are we using segways at the Pump Stations? We are using segways at several pump stations including San Ramon, Moraga, Martinez and Fairview. They are being used to inspect some of the force mains that do not have access by truck. The inspection of the force mains for possible leaks is a monthly program put into place at the General Manager's direction as a preventative maintenance measure to ensure early detection of problems, including leakage. 3. b. 1 .; ,A. I n~~_i,rr I: Iirt,~l~,..ti 11t.., t Il,lrl.a ~. ~,,tr~:. l;cry;~ulir, I~ ~p;~t.•r l;;:hnr.th lu~lith ~`` I:'n:r luli.: 13tuh.uil. I:+ntald .I l rl~:lr; ~1an ! . 1'n•ncll I ifl.u~~ \. 5.::rin: li~:~ in 1:. V~:It ~.. 121 r15>7 .'',. ~~l.f'1C VIA U.S. MAIL .i iltnc~.~ l,. tuw:nly TRUCKER + H U ~ S .I,.,,ullr l.. ~chull;r \ I~ I ~)RN L~-1~ ;1 I L;~~V~ I. A~'larc I~~ls:~ 1.nnit~r li. ('inane 100 \1u11Lt;um~'r1' ~trr~l, ' 3r~1 fluor `;an F!~,tnrisc~~. C,lllfcuni~i ~ 1104 -4 3~)~ t )I C'rlun~; l li,trh,u~r 13. ll~:~l -~~;~riai C ~.wn~~rl April 14, 2009 ~!,V;:1~. i~l,a~ll~•r Ruth Bennett Central Contra Costa Sanitary District 5109 Imhof Place Martinez, CA 94553 Re: Credit of $375 on Invoice 33091 Dear Ms. Bennett: Enclosed is a check for $375 to credit your account on Invoice 33091. On March 20`h we received full payment of $1,141.25 from you on this invoice. Per Ms. Ratcliffs request, we recently wrote off one hour of Liz Loh's time. I have enclosed a copy of the updated invoice reflecting the reduction of $375, and the new invoice total of $766.25. Please let me know if you have any questions or concerns. Sincerely, TRUCKER • HUSS V Michele Graham Accounts Receivable MG:mg Enclosures Cc: Debbie Ratcliff, Central Contra Costa Sanitary District +~ ~)9•#U41 •1/ 13/211119 1.117 P'~1 li', ...}I it ~,,.,_!lll •i'.. -}I'~~-ELI :_tflj •..~.~^,~irn~.l;~'!'at!;.~~i~u [7 ~a ! h Jr~i GQ f 1 ~,~ A G f~ ~ ~~ r', ,~ 'J. ~ ~~ March 13, 2009 Attn: Ruth Bennett Central Contra Costa Sanitary Dist. 5019 Imhoff Place Martinez CA 94553 Our Client Number 2107-003 Invoice number 33091 Regarding: Cafeteria Plan Hours Rate Amount 02/24/09 EL Analyze Cafeteria Plan taxable benefits issue. 0.8 375.00 300.00 JHB Telephone call with Ratcliff re taxable benefits in Cafeteria Plan. 0.3 575.00 172.50 JHB Review Section 125 regulations re ~~ inclusion of taxable benefits. `t 0.25 575.00 143.75 u 02/26/09 EL ~a~t email regarding after tax employee 1 contributions. 1.1 375.00 412.50 02/27/09 EL Further draft email regarding after tax benefits under a Cafeteria Plan. 0.3 375.00 112.50 - Total Attorneys Fees - ------ 2.75 ------ - ------------ $1,141.25 Total current -- charges ----------- $1,141.25 Total Amount Due $1,141.25 March 13, 2009 Central Contra Costa Sanitary Dist. Regarding: Cafeteria Plan Summary Hours Our Client Number 2107-003 Invoice number 33091 Rate Amount Julie Burbank 0.55 575.00 316.25 Elizabeth Loh 2.20 375.00 825.00 v~~~.~- ^1:L1cKC~~ ~ Huss ~D ~ ~~~ ~~ ~li~ili r,i ~l11~'f1' ~ifi il. ~.~I'~~ ~~~~~I~!" -T, a' ~~Z~q.,~ I ran~i~~,,, c :Ili(urnla ~~-{II?~-+;?n Attn: Ruth Bennett Central Contra Costa Sanitary Dist. 5019 Imhoff Place Martinez CA 94553 f~ Ic~~h,~llc• ~~1151 iNN-3111 Pac;inulc (-+1~1 X21-?~~l? March 13, 2009 Our Client Number 2107-003 Invoice number 33091 Regarding: Cafeteria Plan Hours Rate Amount 02/24/09 EL Analyze Cafeteria Plan taxable benefits issue. 0.8 375.00 300.00 JHB Telephone call with Ratcliff re taxable benefits in Cafeteria Plan. 0.3 575.00 172.50 JHB Review Section 125 regulations re inclusion of taxable benefits. 0.25 575.00 143.75 02/26/09 EL Analyze email regarding after tax employee contributions. 0.1 375.00 37.50 02/27/09 EL Further draft email regarding after tax benefits under a Cafeteria Plan. 0.3 375.00 112.50 - Total Attorneys Fees ------ 1.75 --- ---------- $766.25 - Total ------ current --- charges ---------- $766.25 Total Amount Due $766.25 TRUCKER • HUSS ,i NR~~I~I„~~,,V,A~. i ~,lil'~~It1~-It,N F<<Irral f.ts II) I?l~ ~I~~nt~;umirc ~u~i~•t, ? 3r~i I~I~~~~r ~~-F-3Zli,~>(,3 ti:~n I~ranri~i~,, i alif~,rni:~ ~~)-+I~~-~--}3?h March 13, 2009 Central Contra Costa Sanitary Dist. Our Client Number 2107-003 Invoice number 33091 Irlcl,h~uir ~-}l~) ;~ti-illl YainittulC 1-F1S1 -+?I-?Oli Regarding: Cafeteria Plan Summary Hours Rate Amount Julie Burbank 0.55 575.00 316.25 Elizabeth Loh 1.20 375.00 450.00 i k A ~ { E~ 2 .~ ~" ~~ ~ ~ ,. ~ C 00 ~ ~ ~~~ o O ~ Ch M o ~ a r C i Y. ~' - M i i i i ~: tL~l vT i i i r` ° - ~ C C a Z ~ * si ~ ~` O ~ O ~ to ~ oc ° o ~*, ;, ~ ^ Q f ~` ~ i i r '" ~ Y ~ U Q LL i C O L ~ o V ; ~/ SOU ~ ~ : _ ^~ ~ = V (h LL o Z ~ .- i ~*, r ~ t0 Q m m :' i i i i ~ m N f o ~ O } ~ ,~ _ O Z _ i ~ i ~,~. O + ~ + ~ V ~ cc C ~ O O * .-a ~ Q ~ _ ~ * c0 M l.t) i i o C ~ t .- ~ o ~ s o ~ O ` .r a i t ~~ ~ 0 ^ ~ o O ~~ '1l) IZ¢ 0 ~ `~ 0 ~ ~' ~ N ~ i 0 ~ 'QLLV ~ O O N ~ ~ c~ ^ M ¢ N ~' ~ ~ o (n ~ C ~ U ^' ~ G~~~ (0 C ;~ v/ 1 ~ ~ ~ 0 ~ Q ~ ~ ~ ~ ~ ~ C J > U ~ n U > N rfl ~ Cn ~ .. ~ ~ W I Z ll.l O~ ~ ~ U ~ O x 'o~~Q ~ ~ ~ ~ o o ~ U ~J U ~WF¢a () ~ > c ~ ~ U ~ J LLz¢ :poLL Z io cn o U ~~ i c m Q~~ ~ N ~ u O Ulm U ~ ~ Y ~ ~ U ~ c i~ _ ~ o rn U E- p O a~ L o ~ w F" ~ ~ ~ ^ v a ¢ ao ~ O Q q ~ ~ ~ O O ch Y c cv a] c_ L ca U Page 1 of 1 Debbie Ratcliff -Cafeteria Plan Question From: "Elizabeth Loh" <ELoh@TruckerHuss.com> To: <dratcliff@centralsan.dst.ca.us> Date: 2/27/2009 10:14 AM Subject: Cafeteria Plan Question CC: "Julie Burbank" <JBurbank@TruckerHuss.com> Hi Debbie, Julie asked that I provide you with an update regarding how the proposed cafeteria plan regulations that were issued in August of 2007 address benefits purchased with after tax employee contributions. As you are aware, a cafeteria plan must offer a choice between at least one "permitted taxable benefit" such as cash and at least one qualified benefit. Under the 2007 proposed cafeteria plan regulations, "permitted taxable benefits" include certain benefits purchased with after tax employee contributions. The proposed cafeteria plan regulations list the following as examples of benefits that may be purchased with after tax employee contributions: . long term disability coverage, . group term life insurance on the life of the employee, . accident and health plan coverage, and . dependent care assistance program coverage. (Prop. treas. Reg. Section 1.125-(h)(1) The proposed cafeteria plan regulations do not list membership at a physical fitness center as the type of benefit that may be purchased with after tax employee contributions through a cafeteria plan. Further, the proposed cafeteria plan regulations do not address the cashing out of unused taxable benefits. However, please note, these regulations have not yet been finalized and are subject to change. When the proposed cafeteria plan regulations are finalized, we will provide you with an update regarding how the new rules impact your cafeteria plan. Sincerely, Liz From: Debbie Ratcliff [mailto:dratcliff@centralsan.dst.ca.us] Sent: Monday, February 23, 2009 5:04 PM To: Julie Burbank Subject: RE: Cafeteria Plan Question Hi Julie Hope all is well with you. We are in the middle of labor negotiations and a question came up that we answered for the negotiating team, however, they want to hear it from you! It has to do with taxable options. The question is : Is it legal for the District to refund cafeteria monies at the end of the year when the monies were not spent on taxable benefits. For example, I authorize the plan to take $50 per month for health club and then I drop out of the health club mid year, the District would refund me the six months that I didn't spend on health club. Can you provide legal language to support giving back unspent taxable monies? I looked in the Plan Doc and couldn't find anything written to support this practice. Thanks for your help. Debbie Ratcliff CCCSD 925-229-7326 file://C:\Documents and Settings\dratclifflLocal Settings\Temp\GW~OOOOI.HTM 4/1/2009 I 0 0 N i r O 9+ c~ d ~+ a ca '~ v , L ~_ Q w N _U U ll^~^ L_ vJ -° ~ ~ O U ~k in ~ ~ ~ ~ U ~ _O ~ `~ C ~ C O E ~ E ~ ~ a~ ~ ~ Y ~ Y c •L > Q > O c c co ~ cv ~ ~ U ~ ~ U U U ~ ~ ~ ~ C° U ~ ~ a ~n o cfl ti ~ ~ rn ~ N N 1~ CO Q O Ch lf) ~ Ef} Ef3 E~ b4 N N ON N d' d' d' ~ ~ ~ ~ ~ ~ ~ ~ .-- ~- C O~ O O O ~ 67 ~ ~ ~ O U O O O O U O O O O Q O O O O O O O O M C~') C'7 C'7 O O O O U C o U U ~ a, ~ o E a> >, ~ E ~ ~ o z ~ ~ m `o ~ - B -~ ~ ~ Q ~ c ~ cn ~ o c ~ L U_ ~ Ll ~ ~ ~ Y_ ~ z ~ t,C) ~ d7 ~ N N ti CD U ~ ~ LCD M ~ ~ M ~ ~ ~ ~ ~ ~ U 07 O O O ~ O O O O U N M ~ Z LL W U Z Q Z J W C (6 cn cv C 'i O N ~ _~ •~ ~ U C~ a~ z U U ' c c ~ cB ca c c 2 i.~ i..~ ~ ~ ~ Q Q Q °0 0 I~ Ln In t17 ~ ~ C~ ~ O O O ~ ~ ~ ~ O O O .,... O O O C O O O ~ ~ ~ ~ O U O O O U N r- ~ O O O O O O ~~ ~ ~ ~ m = C ~ O Y N U C ~ C6 L _ ~ O 00 ~ O ~ ~ Z W Z W a w Z_ Z Z -~ c~ U ~ ~ ~ ti ti c~ ~ ~ ~ U E ~ - ~ z ~ E ~ o~`~E J U 'ca E ~ ~ v _~ ~ U O U ~ o ~ C~ ~ Q J J U U C7 d Q 4.a. I ~ V O O ~ O ~ N U U U U'U U E E E E Ei E ~ E ~ v 3 ~ ~ ~. Z. a g o ~~ o m ~ ~I m v 3 y s a "'IS -_ - •~ _ ~ _> _ ~ d m ¢ v 2 ~° ~i U ~ ¢ ~ ° y o ¢ ¢ U' y _ Q ~ ~ o m o ~ << O N M Obi ~ w ~i r9 '/i V l6 d N a a~ a d J a a w a a s a r U U ~ 0 a a a a 0 0 a~ Ul N rr in m E c w m ~ F~ 3~ ~ h¢ o ~ 3 LL ~ ~ 'm m d ~c m Q a mA w U m a a ~~ LL U -, °~ ¢ w C7 2 S r U - m m c c~ '~ c c y a~~ a ~~ o uEi a m m ¢ 0 0 m m 3 ~ 0 0 0 0 O o ¢° ¢° o ~ o _ o ~ > > m ~ - ~ A A _ n n~ m N U U a s N L~ c ~~szm~ a aa°~' v v ~ o m c ~ ~n L c~ b ~., o o a m A ¢ a a NNN Q, ~ <a m J ~~ ~~ 0 0 0 0 ~ m rn f - - ~~ ~° ° a 0~ a ~ ° o a a ~~ ~~~ ~~~~ - ~ ~ I U U U E - E E c n A ~ c c r o ~ ~ ~ ~ - ~ in `m U m o _ ~ o ~ (n Q U 2 cn ~ 2 S Q U Y N O i `~ W ~ a~ o a a a a a ~- W Q J U Q 3 3 m = ° J a ~ ~ 3 3 3 m m_ ~ ~ ~ °~' o ~ E ~ ~ m J o ~ Q ~ ~ W U U ) (n U] t%J Q U' C9 U i Y O Q ~~ H 3 3 3 ~ o 0 0 ~ ~ 3 0 > i > 000 0 ~~~A I 0i a ~ U ti. Nmrn~ 'y o - d d Qc Q ¢c ~ m e 'c c ° ~3 () A ~ Z °ri~rn ~n ~~ 0 0 0 0 0 0 \ ° o N 0 ooa a~oo ~~ ,I, m~ 0 V d :.' f0 0 '~ .~ d N w F 8 8 r W a O x a a o c c ._ Q3 3 L ;~ `~ E ~ 'm ._ ~ r ~ a aa d 9 . U a ~o'~ EO aa ~ E A C C C C C _ T C _ C t U ~ ~~~.~ ~ ~ ~ ~ m' a 3 3 3 3 m N psi ~ - a ~ O l a ~ U ~a '13 v ~~ w 3~.3 i a a a ~ N J m o O ~ ~ ~ U I c -~~ 41 ~ ~ a a 0 m d g Ip ~ M O A d d d 41 d ~ w w~ Q J U O Q o° c 'm m U ~ U~ H h v D a ~I 0 ai 0 l0 d ~ ~I a d t/f K U w r a I °~ m a' O 1 a~ y D O D O E U U U U ~ U U U U Z U U.U U U I y a~ au d # # t > J ~ d > a''.olo a y x C o~i m ~ o ~ U U ~ U c c m W J ~i ~'~ JI o 0 U ~ o^ o3I~ ac ' Q V 0 ,o o a U .10. U U H 0 U J 0 3 z a 5.a, Central Contra Costa Sanitary District April 30, 2009 TO: Budget & Finance Committee VIA: Randy Musgraves, Director of Administration 1~~ FROM: Shari Deutsch, Safety & Risk Management Administrator Debbie Ratcliff, Controller .Daz SUBJECT: Computer Fraud Risk Assessment A California sanitary district recently learned that their bank account was illegally accessed via computer and funds were transferred to another party's account. Upon learning of this breach today, staff began a review of our internal practices regarding electronic fund transfers, liabilities for any loss of funds, and avenues of recovery should a similar attack affect District accounts. The impacted district is discussing what measures can be taken to safeguard there accounts in the future. One possible step they are reviewing is to fax an authorization to the bank first before any funds can be transferred. Central San has been doing this step since inception of direct deposit at the District. The following summarizes the District's exposure and steps we are taking to further define and address this risk. County as District Treasury As specified in the Sanitary District Act of 1923, the County serves as the District's Treasurer unless the District takes steps to assume this function. To date, we have not done so. Therefore, all District revenue and expenditures are routed through funds owned and controlled by the County. Per section 6799 of the Health & Safety Code, "The county treasurer and sureties upon his official bond are liable for the due performance of the duties imposed upon him by this part [Sanitary District Act of 1923]" This means that if any money is improperly transferred from District funds held by the County, the County has suffered a loss, not necessarily the District. Per section 6799, it is unlikely that the County would be able to pass that loss onto the District. However, if the County attempted to do so, the District could make a claim against the County to recover those lost funds. Lost funds could be recovered from three sources: 1) the County Treasurer's surety bond, 2) the County's self-insured liability fund, and 3) any insurance policies held by the County covering fraud or theft. Staff has asked the County to provide details on its surety bond and any insurance coverage it has for these types of losses. Another possible source of recovery is Wells Fargo Bank, the bank used by the County. Since these funds are not held by the District, we could not seek recovery from the bank directly. However, the County may be able to recover some of its losses pursuant to its agreements with Wells Fargo Bank. District-held Accounts The District has a direct exposure to fraud and electronic theft for funds held in its own name. Staff has identified three accounts where the County is not the custodian of District money: 1) the LAIF investment account, 2) the debt reserve account with US Bank, and 3) the investment account with the Bank of New York. While District monies deposited into and withdrawn from these accounts are made by the County pursuant to District instructions, these accounts are not held by the County and therefore, may not be included in the County's obligations under section 6799 of the Health & Safety Code. If any funds were illegally withdrawn on these accounts, the District would only recover amounts the three institutions agreed to protect as specified in the institutions' account terms and conditions and any fraud policies established by each institution. Staff is currently reviewing the District's LAIF documentation and trust agreements with US Bank and the Bank of New York to identify any limits of protection and other terms and conditions regarding theft and fraud. The District could purchase a crime insurance policy that includes coverage for computer fraud including fund transfers. Staff is completing applications for this coverage and may recommend its purchase pending a review of pricing, coverage terms and available policy limits. Other Electronic Funds at Risk There are two other sources of District funds exposed to electronic threats; permit fees paid to the District by customers' credit cards and District procurement cards held by employees. Permit fee revenue is deposited in our County account and payments for employee procurement card purchases are made through our running expense fund with the County. However, the District has some risk of electronic theft at specific points in these transactions. There is some risk of loss from the time we swipe a credit card at the permit counter but before the funds are deposited with the County. Staff has asked our credit card servicer to provide us with its policy and terms regarding electronic theft for our review. Procurement cards are subject to theft from the physical loss of a card, theft of account numbers from the vendors' side, and from online purchases. To date, US Bank has covered all fraudulent use. As above, staff has asked US Bank, the issuer of District procurement cards, to provide us with a copy of its theft and fraud policies for our review. Losses from both credit card receivables and purchases may be recovered from the card issuer or servicing agent as well as under a crime policy that includes theft and electronic fund transfer coverage. Staff will review quotes and coverage options and make a recommendation as soon as this information is available. At this time it appears that the District's risks are not significant. However, as noted above, staff will be evaluating multiple options to further minimize the District's potential exposure. If you have any questions or would like any additional information on this issue, please feel free to contact Shari Deutsch at 229-7320, Debbie Ratcliff at 229-7326 or Randy Musgraves at 229-7305. (` 1~ w '~ .Y ~~ L1 U_ LL O Z O O d J Z ~_ H U Q Z O Q ~ V ~ U H Z W z ~ o W >_ ~ o ~ ~ NN Z I.f~ a w F- o ~..~ F- N } Q' Fa- w `''ti Q ~ -'`` N ~ J Q ~ ~ :~ O ~ Q ~ C3- ~+ H' r Z O ~ U a J z Q ~ s ~ w T O = 2 Z z ^ W ~ V ~ u l n ^ ~` A i / ~ I I ~ u ~ L L S ~ _ _ I >. r ~ w W zz ~o ~ ___ _ c 7 E - m E au Z /' ty c - O ~ m ~ a' ~ o a y a) m ~ Z ` ~"' T L C U )0 ~ y y ~ z > o ~ E ~ > EE v U Q i W m O H ~ ' 7 Q a ~ ~ ,! ? ~ ~'~' ~ .9, ?_ N "y ~ Y I J a w 'j r^J ar ~.~~ ~ W t'~ . ~ ~ O c i~ ~ v' ~ ~ 1 V ~ z J ~j ~ ~O m~ ~~ ~U 2 h W ~ ~O a o ,~ C ~~ ~ _ ~~ "4 :J ~ O ' ~J n N _ ~ J r. i"t _~ ~ N Q' a W '., ~ ~ ~~. ~ ~ ~ 'd1 ~ '~ O Z O ~ r ~ ~ ,~ J ~' J U a V H ~ ~ ~ ~'' ~ ~, ~ S ~~ ~ (- ~ > 7 ~~ 7 _ Q . ~.y ' - / U I \ J J J ,AJ v . l J ~J ~ f/- ~I ) J ~ ~ ~ ,J ,J t~ 1~ M M W ~ - ~ ,t u~ - i ~.~ - ~ u ~ •z i ._ ~, .') CJ j. b. i_ ",~~' N ~ O m ~_ v~ Q ~ ~ ~; ~ ur r n M_ ~. s. l~ b m a) a w ~° m m ~ ~ 1'I', I I I 3 r 0 `~ E O ~ I• R O L c • ~ ~ ~ ~ ~ ~ o a ~ ~ ~ ~ ~ ~ ~ ~ v fn fA (A (n ~ w w w w E ~ ~ ~ ~ ~ _ _ _ _ U U U U E A a a a a K w J O S Q U t ' ~.:. W z H Q z Z N ~ J Oa U a~ QO E > ~ y 3 3 L t ~ C V C C °E °w~`-°m E 015 d ao m y m a> E~ ~ y ~) L ~ Q m T y C p - C u~ Q a~ N d m C L ~ y E a ~ acNm~in u ~ 7 ~ ~ ~ y m g>° ~ n ~~~rnL ~ N OI ~ 10 M l0 A J ~ 2 Z Z Z a °)rn~3lmdcy E O O O O ~ ~ ~~ ~ a.' ~ Q Q Q Q Q o, ~ d a a m N m D~ y~ d C ~ N C ~ f0 C_ ~ C y E y m m C N~~ L y C yy ~ ~ O d 21 O L C` O L m o d ~ N Y ~ D - O ~ D L O a 7O C.L L"' o ~oo~a ~d a L y ~~ N a C m n~ E ~ ~ `o U y m v y o ~ rnU ~ a m m O N~ S~ N O 01 r_' ~ LL CT L r D (D ~f, G i n tU ~C ~ U y L C V ~y3mu~10 oe, x x u is £L~,~~a~: ~z 61 y Z Z Z Z .~'~m~~~O am ~ ~ U ~ ~nm>co ~ mU O O O O ~E'~o~.~~,cr °: U U U U ;0 c c N~ ~ a, a U U U U >~~ .n y~ i, LL O d d d d c N w ~ Q ~ a ~ 'm J Q U_ LL C7 Z O a a a m c a z O 0 r Z W a W O) O 0 N U ca Q~Q W F 2 O W Q z w O Q x 0 Q U W H a O r W w z ~ a~ a~ a~ = W c c c L a Z t L - a a a w ~ 0 0 0 ~ 0 0 0 z o 0 0 r z m r'~ co m ~ U C V V O O O U Q O O O H ~ N O O = j ~ ~ ~A Oi oD o0 ~ Q °) M ~ a ~ NEr, H ~ V aw ~ ~ w~ ~ ~n ~ a' Z (D N V ~ O z ~o ma ~ w E ~ w ~c v > ~ a > zu i o ~ o r- w U p !6 m m O ~ V ~ a ~ ~ ~ ~ o a w a w O ~ N Q 2 ~ z ~ - o ~ a Z cc ° w r m z -° n- a 0 F ~ O m ~ fC ~ a ~ ~ U a fd p N 7 a N ~ U _ W 7 f4 Q N O Z ~ C O c ~ ~ ^ W c9 C Z > N ~ v 3 N U c0 ~ CC in a a O) O O) W O O O O O O H N N N ~ N O NO 0 0 0 W N M V ~ c0 t~ CO ~ O N O Q u7 cD ~ U S O ~,,, N c C 0 E ~, °' E m c o ~° _ m m ~ o a .. y c ~ a c c U ~0 IE H E„ N N ~ C Ed - E A y O .-- N tf) v J Q r O Q Q Q Q ~ ~ ~ ~ ~ ~ ~ ~ w w w w U U U U ~ ~ ~ ~ ~ ~ > a a a a N (D v M ~ ~ M N N fA ffl Z Z Z Z ~ ~ 0 ~ ~ ~ ~ ~ Q Q Q Q c0 CD O_ O CO CO 0 0 O O O O 3k # Xi Xt Z Z Z Z Q Q Q Q Q j £ ~ ~ ~ U ~~ ~ ~ ~II ~ ~ ~ o ~ y ~. L ~ C ~3 ON O O N ~~ ~ ~ x y '~ a ~ o a ~ ~ ~ d j ~iJ d w a ~, m a w m c E d F N _~ L O E C O N O d r m O a A a a~ .~ O d W o ~ H aL. Z L ~ v tq E w f/l ~ E _ w ~ o ~ v a U ~ ~, ~, L mLE 33 U C N ~ D ~ lC4 O aE °a_ m ~°'~°ao ~Ra>Ep° N N N L U~ y m~ w C O ,C C .N ._ N U a Q Qa N a0 ~ da H E n (O w ~ ~ ~ c O ~ ~ c a~ a ~ ac m cIIa N O ~Q U D~ U N N b4 `~UyO~a N ~ ~ ~ L L y N y J ~o~~mHm Q ° a ~ m ~ H ~ N (0 yl U h F- v a~ a a ... _~d=-_~ rn~¢Q a a u° E N o r ~ D ~ O U ~ C a ° E w ~ ? ~ d ~ d N c ~ m y N O t O H O D ~' U C D O ~ y d ~ - N > N N N _~ Q N L ~~ j~ a L d ~ ~ d ~ C O~~ O O A a D O O C O y~ L N U ~ m a'o E~ a U m m a: w ° - a mU ~ ~ a d C ~ d ~ ~ ~~ O) L L,,, ~ tp -N O U y ~ N'O L LPL > ~ m 3 y ~ E m a ~ ~ as o L3°cN'o ~ U N ~ _ U N J1 N > O ~ ` 7 a~ E ~ o a~ H Q C C ~ ~ ^ y ° d Uaa~'~~c Q z J Q U LL O Z 0 a a a d d c d O c d F v C E O J m E C d ° a L •~ a ~ Y ~ d ~ L Q V N y d - 'O C_ ° E d O C LL d .. C ~ U O d d~ c o~ a~ dv ~ d o a w0 ~~ O ~ N W C Q ~ a ~o (0 J U O C`) z O G a a c9 c N C c O O n O a z 0 J O Z w H a w 0 rn 0 0 N p N 0 N C Y ca E 7 ~ ~ 0 LL W 2 Q Z G W ,:I ~ Y O ~ o z O Q ~ U ^ w F- a 0 H ww z~z O W xF az G' W m ~ M o M o M 0 V 0 V 0 V 0 M 0 M 0 M 0 M 0 M 0 M~ 0 Z F" Z O O N o0 _ O N op O O N ~ O O N c0 O O N c0 O O N a0 O O N ap O O N c0 O N c0 O O N ~ O N a0 O N ap ~ 0 0 0 0 0 0 0 0 0 0 0 0 p U O Q v V' O o v V O 0 c V O 0 v C O 0 v V O 0 v V O 0 v V O 0 v V' O 0 v V O 0 v V O 0 v V O 0 v ~ O 0 O O O O O O O O O O O O W Q ~' _~ ~ r2 ~ Q O M ~ O N N ~ _ W O pp ~ CLOD V ~ M O N O O ~ ~ V Q) ~ o~p O O ap M <f M r M O r ~ O O a0 Q7 O) N Q) ~ a 6~. W W CI W O ~ Z ~ ~ N ~ N Q) ~ V Q) ~ ~ N O O M ON 01 ~!'1 ~ ~ N ~ M O M NO Q1 Ln ~ ~ ~ ~ ~ O O ~ ~ ~ N M M V O M W N O _ O O ~ M ~ r ~ O z ~ O W~ d ` V7 N - N N N N ` ` N N _ N to N _ N N _ = O z ~ U O W -~ m ~ ~ a ~ ~~ °~ ~ co ~ aci 7 v~ C - `~ °~ ~ ~ io ~' aci ~ n 2' ~ w > .m ~ ~ N > ~~ ~ ~ u, > ~ ~ m o aci O ~ is `m aci 7 cn C - m n f4 °- ~ is ~ aci 7 U C - m ~ 7 cn C - m ~ O C7 O C7 O O O C7 C~ O C~ O O w ^ w Q U ~ d O o a U ~ ^ ~ g O ~y ~ E d m cUn N U cn .O ~ ~ ~ O c U N m ~ 2 ~' o O ~ N [D cUn c o (0 f0 U ~ N d ~ °' ~ o ~ W o ~. N ~p ~ ~ d ~ U c o (fl (9 U i (9 ~ °' ~ o w d a ~ ~ O C U ~ N ~ S O U "O ~ ~ ~ U (n `0 N C ~ N = ¢ VJ ~ ~ ~ cNO O °~ 0 E O ~ O N_ N ~ E a N E ~ ~ (D C °- c4 ~ (9 U ~ ~ m O ~ Ur N o N W ~ E (9 o ~ > C Q7 O W Q Z ~ O ^ w ~ ~ ~ `~ ~ ~ 7 O E N ~ ~ ~ (6 ~j ~ c 1° E O 0 U 2 U C o o t U ~ ; ti r ~ o ~ N U W ~ Q ~ E G7 " c (9 a I tL ~ N in a C ~ O ~ w U c ° " ~ w ~ Q - 7 cn w m ~ N N 7 ~ y ~ N E ? ~ C O O - 7 v~ ,a? ~ ~ f9 N 7 ~ c `° E O U U 2 W H O N N M t~ ~ r a1 ~ p N N O N N M M M M M M M M M M ~ ~, ~ ~t u~ - ~~ m o N M v Gn ~ ~ m r c 0 E ~, °' E m c o ~ ~; o a N O v ~ c c U 10 A N E d N y; ~ c Ear m y ~ l~ ._- N M N J Q ~- O r ice, ~J A~J 1 ~ I N1 Y V :j a J OI I OI ~I ~ ~ ~ ~ _a A w z ~ ~ ~ ~ o ~ ~ ~ J L Z Q ~ ~ ~ ~ L C7 U S S S S U ~ LL ~ ~ ~ ~ ~ ~ LL ~ w Cn w (n w f!1 w f!7 E w ^ ~ 2 2 2 = E J _ Z ~ U U U U 0 ~ ~ ~ ~ '~ ~ a ~ ~ ~ ~ c U Q a a ~ ~ ~ ~ ~ ~ L_ L E 3 3 ~ U C c d M m ~ .~ ~ aE~a`-°~ m a -- E 0 0 ~ c V ~ %a ~ E ° c ~ O nj I~ O O ti L U G d O a0 O O p,~ ~ a0 ~ ~ ~ m w cO ~ ~' ~ ' w N C O M M I~ ~ c U ~ Q n ~ vii d m L~ m E a y H= ~ C O ~-- N C N O. ~ C N N d p L U ~ ~ m L ~ N D a N OU y N N C 10 Z Z Z Z ~ N ~ m a~ o E 2 S ~ S U ~ ~ ~ ~ ~ ~ ~ ~ 0 0 0 0 cLim~En_. ~ Q Q Q Q Qm oE~~ ~O ~~o~~ c v a i m c C_ ~ C ~ E N c > O ~ a ~ ~ - D C O C Y D1 tp ` O a L . O O O 61 _ _ N > U (6 N ^_ O yOj U A M '7 M L O a ~ .fp n ~0 U C L d L (D CO O ~ N >.~0 ~ ~ V O 0 0 ~ ~ ~ ~ a o m'o ~' ~ O CO O CO O O~ _ La~cO`~~ ~ ~ L v "' U N . m ~ C ~ ~ ~ ~jNa~~~o~' ~E V V V a m U~ ~ a y d v p O O O O O O c N c c p~ L t a tp -N O U~ O G C ~- cd C~ U O U C N U O d # # # # °~ a a ~ aG O a Z Z 2 Z 2 Z ~ Z 2 ~ U OL.. - U N ~~> c 'o ~~ a` a U O O O O ~t~'o~~no O~ y~ m U U U U c c a o Q Q Q Q Una `~ ~'S c t~0 ~'0 oc a oc O , ~O ~F c o mac` o UU ~ Qm ~y z r w Q a Q U LL LL z O LL a a D O d z O 0 z W Q a w Q) O O N U 3 d L N rs z LL ~ C W w ~ ?' O 2 ~ ~ U O w a '~ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o Z Z Z Z Z Z Z Z Z Z Z Z Z Z c J H ww Z Z O~ ~ c ~ c ~ c Q~ c Q~ c ~ c Q~ c Q~ c Q~ c Q~ c Q~ c Q~ c ~ c Q~ c Q~ c s W o 0 0 0 0 o O o 0 0 0 o O o 0 d Z _ t a L a L a L ~ L ~ L ~ L a. L ~ L ~ L d L a L a. L a L a L a m ~ o M o c") O M o M O (h M o M o M O C'7 o M O c'7 o C') O M o M O N CO cD ~D CO ~ CO cD fD CO CO cD CO 0 ~D Z o 0 0 0 0 0 f 0f'~~ 0 0 0 ~ 0 o 0 o ~ 0 o 0 0 0 0 o g Z N ~ ~ CO CD ~ ~ ~ ~ ~ CO 7 O O O O O O O O O O O U ~ p ~ ~ ~ ~ d O ~ ~ O ~ O O O • Q O O O O O O O O o O O _ O o O O O o _ O 0 _ O o Q vv ~ 0 o O O O O O vwi F- z ~~ O O O H O ..yy~am~ U^O ~ O N pp O1 r Of O N D7 (N~ N ~ Q ~ ~ ~ M 7 ~ O dD CO ar a M a u~ N st N C l X ,~ O F d' Oi O ~ ~ O m O O O) ~ W m ~ _N ~ ar0 ~ M ~ O <O ~ ar D N ~ N W O O N ~ O N ~ O) N n ( ' d Z ~ ~ ~ W ~ M o h O O M M ~ ~ M l '- i -' 7 Z ., e . ~ .. .. a _ .- ,~ ~ C~ ~ ~ o ~'~1 0 4 „ ~ ~ 4 v 7. ~O ~ ~ v O lO ~ ~ Q b O b ~ a a~ ~ ca E m °~ m° ~ 3 LL > X (~ O Y (_p N ~ j d ~ f9 7 O N O ~ N ~ ' .o ~ ~ ~ ~ J m L ~ ~ - N 0 ~ ~ ~ O C O N N ~ ~ ~ ~ ~ ~ 7 d a ~c r~ ~-~ ~ C~ ~ 3 w~ c o Q rn U J L ~ O ~ ~ m Y ~ C F U ~ VJ H > • 3 - ~ X N ~ w ~ w C~ .~ ~ '~ ~ a~ a ~ m ° ~a c o ~ ~ J LL (n CO = LL ~ Q] ~ CO CO Q Q' a c O w O c U o U c c N a~ U O o N Z Q, ~ c N U ~ N ~ ~ y C N ~ O Z N ~ N ~ U ~ N ~ N U U C ~ ~ U C N U f0 U O y >C_ w O c a~ u7 > N O C O ~ ~ ~' d ~ > ~ ~ O a m N d cn ~ ~ c ~ > m ~ W a> .c `~ w c ~ ~ ~ ` g O ~ w u- C7 ~ Q ca m ~ ~ w E Q U` ~ W ~ ~ m w ~ d H ~ CO c0 N N rJ 7 N f~ O O O O O) Q N N N r r r r '- r r r r r r r Q N N N ('~ c7 M ch M (") c`7 M M M M M 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 W N M `? ~[7 O r N O O N C'7 V ~ O ~ N °1 O F- y ?E :; 3 ~a . a ~9 T - c 0 y y y C . m y O N N M r J Q r O L 'rJ l -{- ..l_ ..._ '~ __ ~. 7 a ~ ~ ~; ~- ~ `.; ~, ~~ S'` ~ .. ;> ~c- ~~a ~., o `~, ct~~, o~ ' ~ o'~ °c ~cc•O~ c Q ~~ moo. O ~° ~~~ 3 \ h~a~ J~ « .d„ 0 0 4 w 7 Q 2 C7 N Q' w 0 J O x O Q U I W 7 F Q Z Z N ~ J Oa ~ U aLL ao iy ,~ o a~ ~mE 33 L d y L ~ C U C _ J aE ~~ ~ ~ ~~ ~QO m ~ E Q = ~gp.~Ec ~ 1 07~ y C O y y L ~ ~ N C C ~'~ y d O w "~Q a n ~ C L 'O N E O ~ ~ ~ c ° ~ ~ V CO O N O O c0 N y ~ c a~ a p, ..: N~ ~ F- t N O ~ f`7 Q) 1~ N (O O M N C'7 ~ N j a y O U O ... ~ N y ~ L ~ i N ~ oe y N a U 10 Z Z Z Z ~ N (~ N m ~ y.m ~ ~ mm m a;L y c E O O O O H v `m ~ E a; U _ E c ° E N ~ `a o m ° m ~= C C ~ c0 N U y E~ N C 61 ~ J~°1ay ~ ~ E ~ os ~ c~ c . o c a d N ~ y ~'N Q U y U Y ~ M D M O M O O _ O L~ C O~ aL ~ O U~ ~ N U t'~ U° O O C O O O C O O O N O T ~~ y p 0 tC0 a O a i c O y ` y y ch N ° ~ ° ~ CO ° N of o ~ L ~ O O p •~ .?~ y a~~wa" '6 C of v o v o ~ o ~ U ~ mU `0'wt c ° _ O _ O _ O O pit~.p cco ~m C « a C O O O O a~~ L~ L c `~ ' ~~ ` v Yt Xt Xt 7k ~ 3 ~ ~ ~ ~ L~ m n d« o ~~ F- Z 1- Z F- Z I- Z y L 3 y c !~ ~ o~o~-~~ o ate' O O O O mFdo~~~ ' dU '' U U U U ~~~~~ ~oE y ° • ~ Q Q Q Q ~.~ U~~. c LLO