HomeMy WebLinkAboutBUDGET AND FINANCE ACTION SUMMARY 06-04-12Central Contra Costa Sanitary District
Protecting public health and the environment 5019 Imhoff Place, Martinez, CA 94=
SPECIAL MEETING OF THE
CENTRAL CONTRA COSTA B04RD OFDZRECTOKS:
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SANITARY DISTRICT Rrvs,aknt
BUDGET AND FINANCE COMMITTEE D_�F7DR TILLL ��
President Pro Tem
B_ 1RB_ P-1 D. HOCKE'TT
A C T 10 N SUMMARY - 'II('HdELR._W(YTILL
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Chair McGill
Member Nejedly
Monday, June 4, 2012
3:00 p.m.
Executive Conference Room
5019 Imhoff Place
Martinez, California
PHOAE: (925) 228 -9500
E_-I: (925) 676 -7211
innr. centralsan. org
PRESENT: Mike McGill, Jim Nejedly, Ann Farrell, Shari Deutsch, Thea Vassallo
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Call Meeting to Order
Chair McGill called the meeting to order at 3:00 p.m.
Public Comments
None.
Risk Management
a. Review Loss Control Report and discuss outstanding claims
COMMITTEE ACTION: Reviewed the report and discussed
outstanding claims.
Review April 2012 Financial Statements and Investment Reports (Item 4.c. in
Board Binder)
COMMITTEE ACTION: Reviewed and recommended Board approval.
Authorize the General Manager to renew insurance coverage for Fiscal Year
2012 -13 for excess liability, property, and Workers' Compensation, and bind
Budget and Finance Committee
June 4, 2012
Page 2
coverage for pollution (Household Hazardous Waste) liability (Item 4.h. in Board
Binder)
COMMITTEE ACTION: Reviewed and recommended Board approval.
6. Review scope and fee schedule proposal from Fieldman Rolapp & Associates,
Inc. to provide financial advisory services to assist with analyzing options for
paying down a portion of the Unfunded Actuarial Accrued Liability (UAAL) and
other financial matters
COMMITTEE ACTION: Reviewed and directed staff to move forward with
contracting Fieldman Rolapp & Associates as financial advisor to the
District.
7. Receive memo regarding use of temporary employment agencies
COMMITTEE ACTION: Received the memo.
8. Receive memo regarding update on installment payment of capacity fees
COMMITTEE ACTION: Received the memo.
9. Review First Quarter 2012 Public Agency Retirement Services (PARS)
Governmental Accounting Standards Board (GASB) 45 Statement
COMMITTEE ACTION: Reviewed the statement.
10. Expenditures
a. Review Expenditures (Item 4.b. in Board Binder)
COMMITTEE ACTION: Reviewed and recommended Board approval.
Chair McGill requested follow -up information on credit amount of
$5,548.21 applied to check #190053 payable to Univar USA Inc.
b. Review Legal Expenditure Summary
COMMITTEE ACTION: Reviewed Legal Expenditure Summary.
C. Review P -Card expenditures
COMMITTEE ACTION: Reviewed P -Card expenditures.
Budget and Finance Committee
June 4, 2012
Page 3
11. Reports and Announcements
10 On
12. Suggestions for future agenda items
Staff noted the decision of the Deferred Compensation Committee to move
forward with consolidating benefits to one carrier, ICMA -RC. The
Committee requested a discussion of this item at next meeting and
confirmation that decisions of this type have been delegated by the Board
to the Finance Manager and the Deferred Compensation Committee.
13. Adjournment — at 3:35 p.m.