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HomeMy WebLinkAboutBUDGET & FINANCE ACTION SUMMARY 12-12-11 � Central Contra Costa Sanitary District m � '" ° � � �"ro ro � � � � � � m m A W J 0 W REGULAR MEETING OF THE Bo�oF�zr�cTOr�s: CENTRAL CONTRA COSTA B�RB�R��H°`'�'TT Presldent SANITARY DISTRICT s���s� �r�E�L�� Pr�esldentPr�o Tem BUDGET AND FINANCE COMMITTEE ,1IICH.�EL R,l ICGILL ,1 L�RIO,1 L,1IE.\ESI.\I D�L7DR.iI�7LLI�!1LS ACTION SUMMARY PHOlE: �9�5���8-9500 F�I: C9�SJ C7C-7�11 Chair Nejedly ,�,�,�:��,�t�-�r�.s�r,�.��,-x Member Hockett Monday, December 12, 2011 3:00 p.m. 2nd Floor Conference Room 5019 Imhoff Place Martinez, CA 94553 PRESENT: Jim Nejedly, Barbara Hockett, Randy Musgraves, Jim Kelly, Ann Farrell, Debbie Ratcliff, Jarred Miyamoto-Mills 1. Call Meeting to Order Chair Nejedly called the meeting to order at 3:00 p.m. 2. Public Comments None. 3. Old Business a. Review response to a question regarding what the PARS GASB 45 return would have been had the District invested in the Moderately Aggressive Fund Staff reported that the Moderate Fund and the Moderately Aggressive Fund had very similar inception- to-date returns. The District is getting a good return without the additional risk associated with an aggressive fund. COMMITTEE ACTION: Reviewed the response. Budget and Finance Committee December 12, 2011 Page 2 4. Risk Management a. Review Loss Control Report and discuss outstanding claims Staff discussed two c/aims. First, Kathleen Da/y of Martinez has filed a c/aim with the Small C/aims Court for$5,800 to reimburse her for a District easement, which District staff has valued at a much lower figure. Second, Louis Pimentel has filed a /awsuit against the District for personal injury due to an automobile accident. COMMITTEE ACTION: Reviewed the Loss Control Report. 5. Review report on possible installment payments of past due connection fees (Item 6.a.3) in Board Binder) COMMITTEE ACTION: Reviewed the report and suggested that future installment payment recommendations continue to come to the Board rather than be delegated to staff, but that staff should develop some guidelines on terms of installment payments for consideration by the Board. 6. Review Position Paper approving updated Administrative Overhead Percentage of 194% for Fiscal Year 2012-13 (Item 7.b. in Board Binder) COMMITTEE ACTION: Reviewed and requested that staff bring to the full Board the additional dollar revenue potentially realized by increasing the overhead rate billed for District services. 7. Expenditures a. Review Expenditures (Item 3.b. in Board Binder) COMMITTEE ACTION: Reviewed and recommended Board approval. b. Review P-Card expenditures COMMITTEE ACTION: Reviewed and recommended Board approval. 8. Reports and Announcements None. 9. Suggestions for future agenda items None. Budget and Finance Committee December 12, 2011 Page 3 10. Closed Session a. Conference with Legal Counsel - existing litigation pursuant to Government Code Section 54956.9(a) • Louis Pimentel vs. CCCSD, Case Number MSC11-02394 • Kathleen Daly vs. CCCSD, Case Number CSC11-0786 COMMITTEE ACTION: Did not hold the closed session. 11. Report out of Closed Session None. 12. Adjournment — at 3:30 p.m.