HomeMy WebLinkAboutBUDGET & FINANCE ACTION SUMMARY 11-16-09~~ C'entral Contra Costa Sanitary District
BUDGET AND FINANCE COMMITTEE
ACTION SUMMARY
Chair Lucey
Member Nejedly
Monday, November 16, 2009
3:00 p.m.
Third Floor Conference Room
- 5019 Imhoff Place
Martinez, California
BOARD OFD/RECTORS
JAMES A. NE/EDLY
President
M/CHAFE R. McG/LL
President Pro Tem
BARBARA D. HOCKETT
GERALD R. LUCEY
MAR/O M MENES/N!
PHONE: (925) 228-9500
FAX: (925) 676-7211
www.centralsan.org
PRESENT: Jerry Lucey, Jim Nejedly, Jim Kelly, Randy Musgraves, Debbie Ratcliff
1.
2.
3.
4
Call Meeting to Order
Chair Lucey called the meeting to order at 3 p.m.
Public Comments
None.
Old Business
Several outstanding questions were answered.
COMMITTEE ACTION: None.
Claims'Management
a. Review new and outstanding claims
There was one new claim in Lafayette for $6,000 where the District's
line was plugged and backed up into the bathroom of a home. The
homeowner had the overflow cleaned and we are reimbursing the
homeowner. A small amount of damage was done to the carpeting.
COMMITTEE ACTION: None.
® Recycled Paper
Budget and Finance Committee
November 16, 2009
Page.2
5. Reports and Announcements
a. LAIF Account for Bond Proceeds and New LAIF Limits
Staff reported that a second LAIF account will be established for the Bond
proceeds to be used as the Construction account. Also, staff reported that
the new maximum balance. for each LAIF account increased from $40
million to $50 million.
COMMITTEE ACTION: Received the report.
b. Ten-Year Plan Assumptions
Staff reviewed the assumptions embedded in the Ten-Year Plan which will
be presented to the Board at the Financial Workshop in January.
COMMITTEE ACTION: Received the report.
c. Comprehensive Annual Financial Report (CAFR)
Staff reviewed the draft CAFR prior to submitting it to the full Board in
December for approval to submit to the GFOA.
COMMITTEE ACTION: Received the report.
6. Review Expenditures (Item 3.a. in Board Binder)
COMMITTEE ACTION: Recommended Board approval.
7. Adjournment - at 3:17 p.m.