HomeMy WebLinkAboutBUDGET & FINANCE ACTION SUMMARY 10-30-06District
BUDGET AND FINANCE COMMITTEE
ACTION SUMMARY
Chair Hockett
Member Boneysteele
Monday, October 30, 2006
3:30 p.m.
CSO Conference Room
1250 Springbrook Road
Walnut Creek, California
CALL MEETING TO ORDER
The meeting was called to order at 3:30 p.m.
PUBLIC COMMENTS
None.
OLD BUSINESS
COMMITTEE ACTION: Reviewed and accepted staff s responses to the
Committee's questions regarding three items from the previous meeting.
4. CLAIMS MANAGEMENT
There were no new claims to report.
5. REPORTS/ANNOUNCEMENTS
a. Alhambra Valley Trunk Sewer Project Financing - Report from
Environmental Services Division Manager Curt Swanson.
Staff reviewed the Position Paper and Memorandum fo the Board under
item 8.a. on the November 2, 2006 Board Agenda. In summary, staff
highlighted the signifrcant changes between the proposed Alhambra
Valley Assessment Districf (AVAD) and past financings; (1) the District .
will carry the project cost share for non-participants, (2) the AVAD will
include the cost of trunk sewers; and (3) the fotal project cosf is $9.3
million. Table 1 and 2 compares the proposal to past Contracfual
Assessment Districts (CAD).
A
~, Recycletl Paper
+~ i
~
COMMITTEE ACTION
Received the report.
Ci
b. Consideration of amending reim'bursement policy for District Counsel's
attendance at CASA conferences - Report from Director of Administration
Randy Musgraves.
COMMITTEE ACTION: Reviewed the District Counsel's memo
regarding reimbursement for CASA attendance. The Committee
recommended that the reimbursement matter be agendized for the
Board's review and consideration at a future Board meeting.
6.
REVIEW EXPENDITURES
COMMITTEE ACTION: Reviewed the expenditures and recommended
approval.
7. ADJOURNMENT - at 4:38 p.m.