HomeMy WebLinkAboutFINANCE MINUTES 10-24-17Il Central Contra Costa Sanitary District
REGULAR MEETING OF THE
CENTRAL CONTRA COSTA
SANITARY DISTRICT
FINANCE COMMITTEE
MINUTES
Tuesday, October 24, 2017
2:00 p.m.
Executive Conference Room
5019 Imhoff Place
Martinez, California
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Chair Jim Nejedly
Member Tad Pilecki
BOARD OF DIRECTORS:
PAUL H. CA USEY
President
JAMES A. NEJEDL Y
President Pro Tem
MICHAEL R. MCGILL
TAD J. PILECKI
DAVID R. WILLIAMS
PHONE: (925) 228-9500
FAX.- (925) 676-7211
www.centralsan.org
Staff.
Roger S. Bailey, General Manager
Ann Sasaki, Deputy General Manager
Phil Leiber, Director of Finance and Administration (arrived during Item 4.a.)
Thea Vassallo, Finance Manager
Stephanie King, Purchasing and Materials Services Manager
Donna Anderson, Assistant to the Secretary of the District
Anika Doria, Administrative Assistant Temp
1. Call Meeting to Order
Chair Nejedly called the meeting to order at 2:00 p.m.
2. Public Comments
None.
4. Items for Committee Recommendation to Board
a. Review September 2017 Financial Statements and Investment Reports
Ms. Vassallo reported that the Operations and Maintenance (O&M)
revenues are on target with a small unfavorable variance, and the O&M
expenses are currently running ata $1.8 million favorable variance
through September 2017. The Sewer Construction revenues for
Finance Committee Minutes
October 24, 2017
Page 2
September 2017 are favorable by $1.7 million, primarily due to a capacity
fee payment for the Bishop Ranch City Center in San Ramon. The Capital
Projects Division has spent $6.4 million through the end of September, or
14% of budget.
Member Pilecki requested a graph similar to the one on page 3 for O&M
expenses be incorporated in future financial reports related to sewer
construction expenses.
COMMITTEE ACTION: Reviewed and recommended Board receipt.
b. Review Expenditures dated November 2, 2017
The Committee reviewed the expenditures included in the agenda
material, and staff responded to questions.
COMMITTEE ACTION: Reviewed and recommended Board approval.
5. Other Items
a. Receive list of Scheduled/Parking Lot items
COMMITTEE ACTION: Received the list and provided input to staff.
6. Announcements
Ms. Vassallo announced that the annual audited financial statements are
scheduled to be presented to the Committee in November instead of October
due to the new implementation of GASB 74 "Financial Reporting for
Postemployment Benefit Plans Other Than Pension Plans." Maze & Associates
is waiting for two reports from PARS, and one report from Bartel Associates, LLC
related to GASB 74 that required footnotes and disclosure changes.
7. Future Scheduled Meetings
a. Tuesday, November 21, 2017 at 2:00 p.m.
Tuesday, December 19, 2017 at 2:00 p.m.
2018 Meeting Dates To Be Determined
COMMITTEE ACTION:
8. Suggestions for Future Agenda Items
None.
Finance Committee Minutes
October 24, 2017
Page 3
9. Adjournment —at 2:11 p.m.