HomeMy WebLinkAboutBUDGET AND FINANCE ACTION SUMMARY 06-17-13Central 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, June 17, 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, Secretary of the District Elaine Boehme, Finance Manager Thea Vassallo,
Finance Administrator Todd Smithey, Environmental Services Division Manager Danea
Gemmell (Item 5.b.)
1. Call Meeting to Order
Chair McGill called the meeting to order at 3:24 p.m.
2. Public Comments
None.
3. Old Business
a. Review staff's responses to the Committee's request for information
regarding the following expenditures at a previous meeting:
Check Date Amount Vendor
#195164 5/16/13 287.30 LaBella, Melody
#195165 5/16/13 399.03 LaBella, Melody
Why did the system produce two checks instead of one?
#195179 5/16/13 51,953.67 PG &E Service 3/26 — 4/24
Explanation on the increase for the period billed?
Budget and Finance Committee
June 17, 2013
Page 2
COMMITTEE ACTION: Reviewed staff's responses. Staff was asked
to follow up on the $22,000 demand charges related to the PG &E
planned outage.
4. Risk Management
a. Review Loss Control Report and discuss outstanding claims
COMMITTEE ACTION: Reviewed the report and discussed
outstanding claims.
5. Review Position Paper conducting a public hearing on the following matters (Item
5.b.1) and 5.b.2) in Board Binder):
a. Consider adopting the following budgets for Fiscal Year 2013 -14:
• Operations and Maintenance Budget,
• Debt Service Fund Budget, and
• Self- Insurance Fund Budget
b. Consider adopting Uncodified Ordinance No. 278 establishing an increase
in the annual Sewer Service Charge for residential and non - residential
customers of $34 per Residential Unit Equivalent (RUE) for Fiscal Year
2013 -14, effective July 1, 2013, for a total of $405 per RUE; and an
additional $34 per RUE increase for Fiscal Year 2014 -15, effective July 1,
2014, for a total of $439 per RUE.
COMMITTEE ACTION: Reviewed and recommended the Board adopt the
budgets and ordinance with a rate increase of $34 for Fiscal Year 2013 -14
and a $34 increase for Fiscal Year 2014 -15.
6. Expenditures
a. Review Expenditures (Item 3.b. in Board Binder)
COMMITTEE ACTION: Reviewed and recommended Board approval.
Staff was asked to provide additional information on the following:
Check Date Amount Vendor
#195308 5130113 750.00 Bigge Crane & Rigging Co.
The District rented unit #75159. What size (tonnage) boom truck was
rented?
Budget and Finance Committee
June 17, 2013
Page 3
b. Review Legal Expenditure Summary
COMMITTEE ACTION: Reviewed Legal Expenditure Summary.
*7. Announcements
Finance Manager Thea Vassallo announced that Investment Manager
Andrew Brown met with Ms. Vassallo and Committee Chair Mike McGill on
June 12, 2013 to discuss HighMark Capital Management responses to the
GASB45 report issued by Schultz Collins Lawson and Chambers
Investment Counsel. Chair McGill was unable to attend the June 3, 2013
Budget and Finance Committee meeting. Mr. Brown provided follow -up
information on Active vs Passive investment strategy returns (attached).
8. Suggestions for future agenda items
Review HighMark Capital Management GASB45 Investment Guideline
Document suggested changes and further review plan fees charged by
PARS and HighMark Capital Management.
9. Adjournment — at 3:45 p.m.
* Attachment
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