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HomeMy WebLinkAbout13.b. Committee Minutes-Finance 08-25-20 Page 1 of 5 Item 13.b. CENTRALSAN SANITARYjdf A- hom CENTRAL CONTRA COSTA , . September 3, 2020 TO: HONORABLE BOARD OF DIRECTORS FROM: KATIE YOUNG, SECRETARY OF THE DISTRICT SUBJECT: AUGUST 25, 2020 - FINANCE COMMITTEE - CHAIR CAUSEYAND MEMBER NEJEDLY Attached are minutes of the above Committee meeting. ATTACHMENTS: 1. Minutes of 08-25-20 meeting September 3, 2020 Regular Board Meeting Agenda Packet- Page 168 of 172 Page 2 of 5 ,or76— I CENTRAL SAN CENTRAL • ■ • COSTA . IMHOFF PLACE, MARTINEZ, CA 9AS53-A37 REGULAR MEETING OF THE BOARD OF DIRECTORS: CENTRAL CONTRA COSTA MICHAELMCGILL President SANITARY DISTRICT TAD JPILECKI FINANCE COMMITTEE President Pro Tem PAUL H CAUSEY JAMES A.NEJEDLY M I N U T E S DAVID R, WILLIAMS PHONE: (925)228-9500 Tuesday, August 25, 2020 FAx 3�2-oI92 www.cententralsan.org 2:00 p.m. Executive Conference Room 5019 Imhoff Place Martinez, California (All attendees participated via videoconference) Committee: Chair Paul Causey Member Jim Nejedly Staff.- Katie Young, Secretary of the District Phil Leiber, Director of Finance and Administration Emily Barnett, Communications and Intergovernmental Relations Manager (left after Item 4.a.) Stephanie King, Purchasing and Materials Manager (left after Item 4.a.) Edgar Lopez, Capital Projects Division Manager Kevin Mizuno, Finance Manager Todd Smithey, Finance Administrator Shari Deutsch, Risk Management Administrator Donna Anderson, Assistant to the Secretary of the District Amelia Berumen, Senior Administrative Technician (left after Item 4.a.) 1. Notice This meeting was held in accordance with the Brown Act as in effect under the State Emergency Services Act, the Governor's Emergency Declaration related to COVID- 19, and the Governor's Executive Order N-29-20 issued on March 17, 2020 that allowed attendance by Board Members, District staff, and the public to participate and conduct the meeting by teleconference, videoconference, or both. The agenda included instructions for options in which the public could participate in the meeting. September 3, 2020 Regular Board Meeting Agenda Packet- Page 169 of 172 Page 3 of 5 Finance Committee Minutes August 25, 2020 Page 2 2. Call Meeting to Order Chair Causey called the meeting to order at 2:02 p.m. 3. Public Comments None. 4. Items for Committee Recommendation to the Board a. Review and recommend approval of expenditures incurred July 23, 2020 through August 06, 2020 Staff responded to a list of questions posed in advance of the meeting by Chair Causey and during the meeting by Member Nejedly concerning the expenditures listing. The Committee expressed satisfaction with the responses. One of the expenditures discussed involved the acquisition of a drone by the Communications Division. Ms. Barnett explained that the drone would have multiple possible applications, including during times of emergencies to assess damage without risk to employees, for outreach related to activities at the plant site, condition assessments, etc. Ms. Deutsch added that she envisions there also may be some security benefits. Ms. Barnett noted that an employee in her division has a Part 107 commercial drone license, which allows the drone to fly over the District's property even though it is close to the Buchanan Field Airport. Mr. Leiber noted that a drone that had been discussed a year or so ago for security purposes never came to fruition due to the inability to receive approval to fly it near the airport. In response to a question from Chair Causey, Ms. Barnett and Mr. Petit said the drone may not be suitable for enclosed spaces, such as a large diameter pipe, because the signal is lost relatively quickly. However, Mr. Petit said another potential use would be to obtain views of the outfall project. Chair Causey suggested a report on this matter might be of interest to the full Board. Member Nejedly concurred. Ms. Barnett said she would be glad to give a presentation; however, given that the drone was only recently acquired, she would like her staff to have an opportunity to learn on the device and gather some video before making a presentation to the Board. COMMITTEE ACTION: Recommended Board approval of the expenditures, and a report to the full Board on the newly acquired drone. September 3, 2020 Regular Board Meeting Agenda Packet- Page 170 of 172 Page 4 of 5 Finance Committee Minutes August 25, 2020 Page 3 b. Review June 2020 Financial Statements and Investment Reports Mr. Mizuno said the year-end financial results were favorable. Any recommended action concerning the utilization of favorable budget variances, to the extent such have not already been addressed in the budget and reserve calculation process, would await potential audit adjustments later this fall. COMMITTEE ACTION: Recommended Board receipt. C. Review draft Position Paper to authorize payment of an additional $45,166 for the Fiscal Year 2020-21 property insurance renewal premium Ms. Deutsch recapped the information included in the draft Position Paper. COMMITTEE ACTION: Recommended Board approval. 5. Other Items a. Review Risk Management Loss Control Report as of August 1 , 2020 COMMITTEE ACTION: Received the report. b. Review Highmark Capital Management Government Accounting Standards Board (GASB) 45 Other Post-Employment Benefits (OPEB) and Pension Prefunding Sub-trust Reports for the Second Quarter of calendar year 2020 COMMITTEE ACTION: Reviewed the report. C. Receive annual report on status of loans under Board Policy No. BP 001 - Employee Computer Purchase Assistance Program COMMITTEE ACTION: Received the report. 6. Announcements — None. 7. Suggestions for Future Agenda Items a. Receive list of upcoming agenda items and provide suggestions for any other future agenda items COMMITTEE ACTION: Received the list. September 3, 2020 Regular Board Meeting Agenda Packet- Page 171 of 172 Page 5 of 5 Finance Committee Minutes August 25, 2020 Page 4 8. Future Scheduled Meetings Tuesday, September 22, 2020 at 2:00 p.m. Tuesday, October 20, 2020 at 2:00 p.m. Tuesday, November 17, 2020 at 1:00 p.m. 9. Adjournment— at 2:51 p.m. September 3, 2020 Regular Board Meeting Agenda Packet- Page 172 of 172