HomeMy WebLinkAboutBUDGET AND FINANCE ACTION SUMMARY 09-18-12Central Contra Costa Sanitary District
Protecting public health and the environment 5019 Imhoff Place, Martinez, CA 94=
SPECIAL MEETING OF THE
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SANITARY DISTRICT Rrvs,aknr
BUDGET AND FINANCE COMMITTEE D_�F7DR TILLL ��
President Pro Tem
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Chair McGill PHOAE: (925) 228 -9500
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Member Nejedly „ „„ .centrnlsan.oty
Tuesday, September 18, 2012
10:00 a.m.
Executive Conference Room
5019 Imhoff Place
Martinez, California
PRESENT: Mike McGill, Jim Nejedly, Ann Farrell, Thea Vassallo
1. Call Meeting to Order
Chair McGill called the meeting to order at 10:00 a.m.
2. Public Comments
None.
3. Old Business
a. Review staff's response to the Committee's request for additional
information regarding Expenditures reviewed at previous meeting
• Check #191473 to Morgan - Bonanno Development in the amount of
$17,211.82
COMMITTEE ACTION: Reviewed staff's response.
4. Review memo and Benchmarking Report on the District's Deferred
Compensation and 401(a) Plans prepared by Schultz Collins, Lawson,
Chambers, Inc. (Jon Chambers of Schultz, Collins to present the findings at the
scheduled Budget and Finance Committee meeting of October 1, 2012)
COMMITTEE ACTION: Reviewed and discussed results. Suggested setting
up three brief employee sessions where Mr. Chambers summarizes the
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Budget and Finance Committee
September 18, 2012
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Benchmark Study results. Also suggested that the District get an estimate
on how much it would cost to have Mr. Chambers negotiate better fee
pricing and fund line up with ICMA. Finance Manager and Deferred
Compensation Committee Chair Thea Vassallo reviewed the Study results
with the Deferred Compensation Committee later that afternoon.
Risk Management
a. Review Loss Control Report and discuss outstanding claims
COMMITTEE ACTION: Reviewed the report and discussed
outstanding claims.
Review July 2012 Financial Statements and Investment Reports (Item 5.c. in
Board Binder)
COMMITTEE ACTION: Reviewed and recommended Board approval. Chair
McGill suggested removing the Hauling and Disposal line item from the
O &M Expense Variance Analysis, due to immateriality.
Expenditures
a. Review Expenditures (Item 5.b. in Board Binder)
COMMITTEE ACTION: Reviewed and recommended Board approval.
Requested additional information on two items as follows:
191563 Hydec $1,555.92
191638 Equipco Sales & Service $495.00
b. Review Legal Expenditure Summary
COMMITTEE ACTION: Reviewed Legal Expenditure Summary.
Reports and Announcements
None.
Suggestions for future agenda items
1►❑101
Adjournment — at 10:25 a.m.