HomeMy WebLinkAboutBUDGET & FINANCE ACTION SUMMARY 08-30-10I., Central Contra Costa Sanitary District
REGULAR MEETING OF THE
CENTRAL CONTRA COSTA
SANITARY DISTRICT
BUDGET AND FINANCE COMMITTEE
ACTION SUMMARY
Chair Nejedly
Member Hockett
Monday, August 30, 201
3:00 p.m.
Executive Conference Room
5019 Imhoff Plano
Martinez, Califo
BOARD F DI.
MICHAEL R. MCGILL
President
BA #SBA RA D. J` OCK 7 f "
President Pro 7cm
GERALD R. LU EY
MAR#G M. AIENESINI
.TAMES A. ME JE D1, Y
PHONL,.- (925) 228 -9500
FAX: (925) 676-721 /
www.centralsan.org
PRESENT: Jim Nejedly, B arbara Ho kett, Jim Kelly, Randy Il us raves, Ann Farrell,
Debbie Ratliff
1. Call Meeting to Order
Chair Nejedly called the meeting to order at 3 p.m.
2. Public Comments
None.
3. Old Business
None.
4. Claims Management
. Review new and outstanding l ims
There re were no new claims to report.
COMMITTEE ACTION: N: None.
0 Recycled Paper
Budget and Finance Committee
r ittee
August W, 201
Page
b.- Reports and Announcements
a. Review Position Paper regarding adopting a resolution establishing the
Fiscal Year 2010 -2011 Appropriations Limit (Item 4.c. in Board binder)
The Appropriations Limit of S 77,663 616 for 2 0 10-11 was is use .
COMMITTEE ACTION: Recommended Board approval,
b. Review Position Paper regarding approval of investment policy fot District
assets and Investment Guidelines for GASB 45 Trust (Item 4.d. in Board
binder)
Both the Investment Policy for District Assets as well as the Investment
Guidelines for the GASB 45 Trust were reviewed. No changes were
recommended for either document.
COMMITTEE ACTION: Recommended Board approval.
C. Review Position Paper regarding public hearing to receive comments on
an un odified ordinance to establish reimbursement fees for the properties
which could directly or indirectly connect to District Project 5919,
Alhambra Malley Trunk Sever Alhambra valley Assessment District
(AVAD) 2007 -1 # and directly connect to Job 6412, Monteira AvAD 2007-4;
Job 6439, Reliez Valley AVAD 2007 -3; .Job 6441, Quail AVAD 2007-6; Job
6442 Gordon Millth ait A AD 2007 -2; and .Job 6450, ilia vaqueros
AvAD 2008 -, in Alhambra valley (Item 5.a. in Board birder)
Director of Engineering Arm Farrell discussed the revised reimbursement
fees for properties that con ne ct to A VA
COMMITTEE ACTION: Recommended mended Board approval. -
d. Review Position Paper regarding public hearing to consider an ordinance
amending Chapter 6.12 of the District Code to provide an option for
installment payment of capacity fees when a property owner connects an
existing home to the District's public severer system and concurrently
abandons the septic tank system searing the property (Item 5.b. in Board
binder)
Budget and Finance Committee
August 30, 2010
x Page
lbs. Farrell discussed the option of installment payment of Capacity Fees
when a property owner connects are existing home to the public sewer
system.
COMMITTEE MITTEE ACTl l : Recommended Board approval.
e. Discuss obtaining a financial consultant to review the GASB 45 Trust
investments
General Manager Jim Kelly discussed the possibility of hirdng
consultant to review the investments chosen, fees charged and
benchmarks used by HighMark Capital.
COMMITTEE ACTION: ; The committee was not in favor of hiring an
investment consultant, and Instead,.asked staff to request a report
from HighMark capital of the various fees cha a nd investments
used for the GASB 45 Trust.
f. Early Retiree Reinsurance Program
Staff indicated that the District could apply for Federal reimbursement of
large health care claims for early retirees (retirees between the age of 55
and 65 years) to be used to reduce increases in health care premiums.
COMMITTEE ACTION: chair Nejedly was In support of going forward
with this reimbursement program; Member Hoch ett was not. The
Committee recommended bringing this item to the full Board for
discussion.
g. Contra Costa County Employees' Retirement Association (CCCERA)
Update (Item 7.a.2) in Board binder)
Director of Administration Randall Musgraves indicated that CCCEf A
will hold a meeting on September 8, 2010 to discuss the results of the
actuarial study regarding de- pooling. Staff will attend the CCCEI A Board
meeting and will report back to the Board.
COMMITTEE ACTION: Received the report.
6. Review Expenditures (Item 3.a. in Board binder)
There were two outstanding questions that staff will research and bn*ng back to
the next Committee meeting.
Budget and Finance Commute
August 30, 2010
Page 4
ar. Review Procurement Card Expenditures
COMMITTEE ACTION: Recommended mmended Board approval.
7. Review Adjusted Operations and I laintenan ce &M June 2910 Y r -End
Financial Statements and Investment Reports item 9.a. in Board hinder)
COMMITTEE ACTION: Received the adjusted June 30, 2010 Financial
Statements and investment reports.
*8. Review Fiscal Y ear 2009 -2919 savin
Mr. Kelly re vie wed the savings for F Y 2009 -2010, in i a ting that this level
savings will he difficult to continue into FY 2010-2011, as some of the work for
this fiscal year was delayed and will he completed in FY 2010-11.
COMMITTEE ACTION: Received eived the report.
9. Adjournment— at 4:00 p.m.
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