HomeMy WebLinkAboutBUDGET AND FINANCE ACTION SUMMARY 04-29-13Central 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 DAb7DR ntPro nm
President Pro Tem
P.-1 UL H. CA i SEF
ACTION SUMMARY 1IICHDELR.- 1fCGILL
TAD J. PILECKI
Chair McGill
Member Nejedly
Monday, April 29, 2013
3:00 p.m.
Middle Conference Room
1470 Enea Circle, Second Floor
Concord, California
PHONE: (925) 228 -9500
F4-I: (925) 676 -7211
www. centralsan. org
PRESENT: Chair Mike McGill, Member Jim Nejedly, Provisional General Manager Curt
Swanson, Finance Manager Thea Vassallo
1. Call Meeting to Order
Chair McGill called the meeting to order at 3:00 p.m.
2. Public Comments
None.
3. Old Business
a. Review staff's response to the Committee's request for information
regarding the following expenditures at a previous meeting:
Check# Date Vendor Amount
194596 3/28/13 Robert Half Technology $1,480.00
COMMITTEE ACTION: Reviewed staff's responses.
4. Risk Management
a. Review Loss Control Report and discuss outstanding claims
COMMITTEE ACTION: Reviewed the report.
Budget and Finance Committee
April 29, 2013
Page 2
5. Review March 2013 Financial Statements and Investment Reports (Item 4.c. in
Board Binder)
COMMITTEE ACTION: Reviewed and recommended Board approval.
6. Expenditures
a. Review Expenditures (Item 4.b. in Board Binder)
COMMITTEE ACTION: Reviewed and recommended Board approval.
7. Receive update on status of Request for Quotation (RFQ) for District auditors
Finance Manager Thea Vassallo reported that the RFQ went out on Wednesday,
April 17, 2013 and responses are due by Friday, May 3, 2013. Interviews with
the Budget and Finance Committee will be scheduled for the May 13, 2013
meeting.
COMMITTEE ACTION: Received the update.
8. Receive update on status of the California Public Employees' Retirement System
(CaIPERS) questionnaire regarding possible move from Contra Costa County
Employees' Retirement Association (CCCERA)
Ms. Vassallo updated the Committee that the initial questionnaire was sent out
March 21, 2013, and the District received confirmation of receipt from Ca /PERS
on April 4, 2013.
COMMITTEE ACTION: Received the update.
*9. Announcements
Ms. Vassallo announced that it would be possible for staff to provide to the
Committee printed "Retirement News" updates from Richard Cabral
(attached). It provides a quick summary of the current status of ongoing
retirement issues.
Ms. Vassallo announced to the Committee that 2014 CalPERS Health
Premium Rate increases for 2014 have not been released yet, but California
Society of Municipal Finance Officers (CSMFO) agencies polled are
anticipating and budgeting for 9.5% to 14% increases within the Bay Area
Region. The District's actual increases negotiated by Human Resources
for Fiscal Year 2013 -14 are 2.88% for Kaiser and 9.2% for HealthNet.
Budget and Finance Committee
April 29, 2013
Page 3
10. Suggestions for future agenda items
On May 13, 2013, Michele Martin, Regional Vice President, CA /NV from
ICMA will give an update on the status of the Deferred Compensation
Consolidation, which was discussed at the April 15, 2013 Committee
meeting.
On June 3, 2013, Andrew Brown from HighMark Capital Investments and
Mitch Barker from Public Agency Retirement Services (PARS) will be in
attendance to go over their responses to the Governmental Accounting
Standards Board (GASB) 45 report prepared by Schultz Collins Lawson
Chamber Investment Counsel, which was reviewed at the April 15, 2013
Committee meeting.
11. Adjournment — at 3:44 p.m.
* Attachment
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