HomeMy WebLinkAboutBUDGET AND FINANCE ACTION SUMMARY 05-29-12Central Contra Costa Sanitary District
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SPECIAL MEETING OF THE
CENTRAL CONTRA COSTA R04RDOFT)IfffCT °RS:
JAA -IESA. NEJEDLP
SANITARY DISTRICT Pivszdent
BUDGET AND FINANCE COMMITTEE D_�bIDR ntPro Am
President Pro Tem
BARBAR4D.HOCKETT
ACTION SUMMARY - 1HCHAELR. - 1fCGILL
AI4RIO Af. AIE.VESLE
Chair McGill
Member Nejedly
Tuesday, May 29, 2012
3:00 p.m.
Board Room
5019 Imhoff Place
Martinez, California
PHONE: (925) 228 -9500
E4-I: (925) 676 -7211
www. cen tralsan. org
PRESENT: Mike McGill, Jim Nejedly, Ann Farrell, Thea Vassallo, Todd Smithey (left
after Item 3.), Sam Sperry, Esq., Elaine Boehme
1. Call Meeting to Order
Chair McGill called the meeting to order at 3:00 p.m.
2. Public Comments
None.
*3. Interview the following financial advisor to assist with analyzing options for paying
down a portion of the Unfunded Actuarial Accrued Liability (UAAL) and
negotiating a favorable agreement with Contra Costa County Employees'
Retirement Association (CCCERA) for prepayment of the UAAL:
• Thomas M. DeMars of Fieldman Rolapp & Associates, Inc.
Chair McGill noted that he has had a previous working relationship with Fieldman
Rolapp & Associates, Inc.
Thomas DeMars, Managing Principal, and Daniel Wiles, Principal, presented
information (attached).
Budget and Finance Committee
May 29, 2012
Page 2
COMMITTEE ACTION: Interviewed the candidate and directed staff to
solicit a cost proposal from Fieldman Rolapp & Associates for providing
Financial Advisor services and utilize Prager & Co., LLC for underwriting
services.
4. Old Business
a. Review staff's response to the questions regarding the following matters:
• Purchase of a 2" Keckly Valve in the amount of $2,008.61
• Check #189964 to Snap -On Industrial in the amount of $746.93
COMMITTEE ACTION: Reviewed the responses.
b. Review monthly charges for past labor negotiations for comparison
purposes
COMMITTEE ACTION: Reviewed the charges.
5. Reports and Announcements
a. Meyers Nave to credit three mistakenly - billed charges totaling $1,951.23
to April 2012 invoice
COMMITTEE ACTION: Received the announcement.
6. Suggestions for future agenda items
Chair McGill stated that he would consider the request of Board Member
Hockett to discuss the CAD policy exceptions at the Budget and Finance
Committee after discussing the matter with the full Board at the June 7,
2012 meeting.
7. Adjournment — at 4:15 p.m.
* Attachment
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