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HomeMy WebLinkAboutBUDGET & FINANCE ACTION SUMMARY 11-15-10 REGULAR MEETING OF THE BOARD OF DIRECTORS: CENTRAL CONTRA COSTA MICHAEL R. MCGILL SANITARY DISTRICT President BARBARA D. HOCKETT BUDGET AND FINANCE COMMITTEE President Pro Tem GERALD R. LUCEY MARIO M. MENESINI A C T I O N S U M M A R Y JAMES A. NEJEDLY PHONE: (925) 228-9500 Chair Nejedly FAX: (925) 676-7211 www.centralsan.org Member Hockett Monday, November 15, 2010 3:00 p.m. Executive Conference Room 5019 Imhoff Place Martinez, California PRESENT: Jim Nejedly, Barbara Hockett, Jim Kelly, Randy Musgraves, Debbie Ratcliff 1. Call Meeting to Order Chair Nejedly called the meeting to order at 3:00 p.m. 2. Public Comments None. 3. Claims Management a. Review new and outstanding claims The District received a request from Frederick Foote for a payment of ten percent of the cost to slurry seal his driveway, where the District has a sewer line and manhole. Upon researching this issue, it was found the District does not have a written agreement to reimburse Mr. Foote; in fact, he was reimbursed once before. The District agreed to pay $400 and told Mr. Foote that this would be his final reimbursement from the District. COMMITTEE ACTION: Received the report. Budget and Finance Committee November 15, 2010 Page 2 4. Review draft Comprehensive Annual Financial Report (CAFR) COMMITTEE ACTION: Received the draft report and asked the following two questions on the draft CAFR that will be answered at the next Committee meeting: 1. Is the Actuary required to use the same assumptions that the Contra Costa County Employee Retirement System (CCCERA) uses for the GASB 45 actuarial study? 2. What are the four components that make up the total retirement contribution to CCCERA, and what portion of those four components is included in the footnote on page 29 of the audited financial statements? 5. Review the September 2010 GASB 45 monthly statement COMMITTEE ACTION: Reviewed the statement and questioned the returns noted on the monthly Public Agency Retirement Services (PARS) statement. Staff will contact PARS for clarification or correction. 6. Review contract for landscape maintenance services Staff reviewed the results of the request for proposals (RFP) process, noting that New Image Landscape Company was ranked highest by the evaluation team. The contract will be for one year with four consecutive one-year options to renew the contract. COMMITTEE ACTION: Recommended Board approval. 7. Review Expenditures (Item 3.a. in Board Binder) COMMITTEE ACTION: Recommended Board approval of the expenditures. Requested a breakdown of the fees charged by Bob Murray for performance evaluations (Page 16, check #182682). Chair Nejedly stated that he is opposed to lunches being paid by the District at on-site training events. Budget and Finance Committee November 15, 2010 Page 3 8. Reports and Announcements a. Letter to Contra Costa County Employees’ Retirement Association (CCCERA) requesting de-pooling data Staff reported that a letter was sent to CCCERA requesting additional data and asking that the CCCERA Board delay any decision regarding de- pooling rates until the District’s Actuary, John Bartel, has a chance to review the data. COMMITTEE ACTION: Received the report. 9. Adjournment – at 3:30 p.m.