HomeMy WebLinkAboutBUDGET & FINANCE ACTION SUMMARY 10-31-11 � Central Contra Costa Sanitary District
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REGULAR MEETING OF THE Bo�oF�zr�cTOr�s:
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BUDGET AND FINANCE COMMITTEE
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ACTION SUMMARY
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Chair Nejedly ,�,�,�:��,�t�-�r�.s�r,�.��,-x
Member Hockett
Monday, October 31, 2011
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. Risk Management
a. Review Loss Control Report and discuss outstanding claims
COMMITTEE ACTION: Reviewed the report.
4. Review Contra Costa County Employees' Retirement Association (CCCERA)
notification of the District's actual Unfunded Actuarial Accrued Liability (UAAL)
COMMITTEE ACTION: Reviewed the notification.
5. Receive the Third Quarter GASB 45 Trust Report
Staff reported that for third quarter, the GASB 45 Trust had a negative 9.6%
return. However, since its inception on April 1, 2009, the inception-to-date return
was 12.45%.
Budget and Finance Committee
October 31, 2011
Page 2
COMMITTEE ACTION: Received the report.
6. Review September 2011 Financial Statements and Investment Reports (Item 2.c.
in Board Binder)
COMMITTEE ACTION: Reviewed and recommended Board approval.
7. Expenditures
a. Review Expenditures (Item 2.b. in Board Binder)
The Committee questioned the use of Future Ford of Concord to provide
smog certifications. Staff will research and bring back an answer to the
next Committee meeting.
COMMITTEE ACTION: Reviewed and recommended Board approval.
b. Review Legal Expenditure Summary
COMMITTEE ACTION: Reviewed Legal Expenditure Summary.
c. Review P-Card expenditures
COMMITTEE ACTION: Reviewed P-Card expenditures.
8. Reports and Announcements
None.
9. Suggestions for future agenda items
None.
10. Adjournment — at 3:10 p.m.