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HomeMy WebLinkAboutBUDGET & FINANCE AGENDA 10-17-11central Sanitary District REGULAR MEETING OF THE CENTRAL CONTRA COSTA SANITARY DISTRICT BUDGET AND FINANCE COMMITTEE Chair Nejedly Member Hockett Monday, October 17, 2011 3:00 p.m. Executive Conference Room 5019 Imhoff Place Martinez, California INFORMATION FOR THE PUBLIC ADDRESSING THE COMMITTEE ON AN ITEM ON THE AGENDA BOARD OF DIRECTORS: BARBARA D HOCKETf Presidenr JAMES A. NEJEDLY President Pro T m MICHAEL R AICGILL MARIO Al. AIENESINI DAVID R WILLIAM PHONE: (925) 228 -9500 FAX. (925) 676 -7211 w wm centralsan. org Anyone wishing to address the Committee on an item listed on the agenda will be heard when the Committee Chair calls for comments from the audience. The Chair may specify the number of minutes each person will be permitted to speak based on the number of persons wishing to speak and the time available. After the public has commented, the item is closed to further public comment and brought to the Committee for discussion. There is no further comment permitted from the audience unless invited by the Committee. ADDRESSING THE COMMITTEE ON AN ITEM NOT ON THE AGENDA In accordance with state law. the Committee is prohibited from discussing items not calendared on the agenda. You may address the Committee on any item,, not listed on the agenda, and which are within their jurisdiction, under PUBLIC COMMENTS. Matters brought up which are not on the agenda may be referred to staff for action or calendared on a future agenda. AGENDA REPORTS Supporting materials on Committee agenda items are available for public review at the Reception Desk, 5019 Imhoff Place, Martinez. Reports or information relating to agenda items distributed within 72 hours of the meeting to a majority of the Committee are also available for public inspection at the Reception Desk. During the meeting, information and supporting materials are available in the Conference Room. AMERICANS WITH DISABILITIES ACT In accordance with the Americans With Disabilities Act and state law, it is the policy of the Central Contra Costa Sanitary District to offer its public meetings in a manner that is readily accessible to everyone, including those with disabilities. If you are disabled and require special accommodations to participate, please contact the Secretary of the District at least 48 hours in advance of the meeting at (925) 229 -7303. Budget and Finance Committee October 17, 2011 Page 2 1. Call Meeting to Order 2. Public Comments *3. Review the PARS Statement for August 2011 Staff Recommendation: Review the Statement. 4. Risk Management *a. Review Loss Control Report and discuss outstanding claims Staff Recommendation: Review and discuss the report and provide direction if needed. b. Discuss new claims 1) Review new claims received, and of significant financial and /or legal impact. 2) Review claim by Heidi NohKuhn Staff Recommendation: Discuss new claims and provide direction if needed. 5. Review Position Paper adopting Resolution 2011 -059 suspending application of the "Demand Charge" from the Schedule of Sewer Service Charges adopted under Ordinance No. 266, in accordance with District Code Section 1.24.020 (Item 3.d. in Board Binder) Staff Recommendation: Review and recommend Board adoption. 6. Review Position Paper concurring with staff recommendation for a contribution of $4,000 this year, and a similar contribution each year going forward, at the General Manager's discretion, to defray the cost of food for the District's annual Employee Activities Organization (EAO) holiday party (Item 8.a. in Board Binder) Staff Recommendation: Review and recommend Board concurrence. 7. Expenditures a. Review Expenditures (Item 3.b. in Board Binder) Staff Recommendation: Review and recommend Board approval. Budget and Finance Committee October 17, 2011 Page 3 *b. Review Legal Expenditure Summary Staff Recommendation: Review Legal Expenditure Summary. 8. Reports and Announcements 9. Suggestions for future agenda items 10. Adjournment * Attachment PUBLIC AGENCY RETIREMENT SERVICES CENTRAL CONTRA COSTA SANITARY DISTRICT Monthly Account Report for the Period PARS GASB 45 Program 8/1/2011 to 8/31/2011 Colette Curtis -Brown Finance Administrator Central Contra Costa Sanitary District 5019 Imhoff Place Martinez, CA 94553 Beginning Balance as of Source 8/1/2011 Account Summary Contributions Earnings Expenses Distributions Ending Balance as of Transfers 8/31/2011 Employer Contribution $18,314,050.90 $375,600.00 - $662,341.57 $6,264.12 $0.00 $0.00 $18,021,045.21 Totals $18,314,050.90 $375,600.00 - $662,341.57 $6,264.12 $0.00 $0.00 $18,021,045.21 Investment Selection Central Contra Costa Sanitary District 115 Trust Investment Objective Individual account based on Moderate HighMark PLUS. The dual goals of the Moderate Strategy are growth of principal and income. It is expected that dividend and interest income will comprise a significant portion of total return, although growth through capital appreciation is equally important. The portfolio will be allocated between equity and fixed income investments. Investment Return Annualized Return 1 -Month 3- Months 1 -Year 3 -Years I 5 -Years I 10 -Years Inception Date -3.59% -5.28% 10.72% N/A N/A N/A 3/19/2009 Information as provided by Union Bank, Trustee for PARS GASB 45 Program; Not FDIC Insured; No Bank Guarantee; May Lose Value Past Performance does not guarantee future results. Performance returns may not reflect the deduction of applicable fees, which could reduce returns. Information is deemed reliable but may be subject to change. Investment Return: Annualized rate of return is the return on an investment over a period other than one year multiplied or divided to give a comparable one -year return. 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