HomeMy WebLinkAboutBUDGET & FINANCE ACTION SUMMARY 07-02-07
Central Contra Costa Sanitary District
5019 Imlloff Place, Martinez CA 94553-4392 (925) 228-9500 . www.centralsan.org
BUDGET AND FINANCE COMMITTEE
ACTION SUMMARY
Chair McGill
Member Nejedly
Monday, July 2, 2007
3:00 p.m.
Executive Conference Room
5019 Imhoff Place
Martinez, California
PRESENT: Chair McGill, Member Nejedly, Jim Kelly, 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. Reviewed memo provided by staff regarding Capacity Use Charge
Program. There was no recommendation on this item.
4. CLAIMS MANAGEMENT
No new claims were reported.
5. REPORTS/ANNOUNCEMENTS
a. The May 2007 Financial Statements were reviewed. Staff recommended
that three reports be made to the full Board each year: one for the six-
month review, one at year-end, and the audited financials in October. The
financial statements will be included monthly on the Consent Calendar s
previously agreed.
COMMITTEE ACTION: Recommended that the Board concur with
the proposal to receive three financial reports per year.
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Budget and Finance Committee
July 2, 2007
Page 2
b. Travel Arrangements - Staff announced that they will be presenting a
proposal to the Committee to allow the Administrative Secretaries to each
use their procurement card to make travel arrangements for staff. A
Committee recommendation to the full Board will be requested.
COMMITTEE ACTION: Supported staff bringing the proposal to the
Committee for consideration and recommendation to the full Board.
c. Investment Policy - The District Investment Policy and the GASB 45 Trust
issue will be brought to the Finance Committee in the Fall.
6. REVIEW EXPENDITURES
a. The expenditures were reviewed and there were several outstanding
questions that staff will research.
7. ADJOURNMENT - at 3:30 p.m.