HomeMy WebLinkAboutBUDGET & FINANCE ACTION SUMMARY 12-03-07
Central Contra Costa Sanitary District
5019 Imhoff Place, Maltlllez, CA 94553-4392 (925) 228-9500 . www.centralsan.org
BUDGET AND FINANCE COMMITTEE
ACTION SUMMARY
Chair McGill
Member Nejedly
Monday, December 3,2007
3:00 p.m.
Executive Conference Room
5019 Imhoff Place
Martinez, California
PRESENT: Mike McGill, Jim Nejedly, Jim Kelly, Debbie Ratcliff
1. CALL MEETING TO ORDER
Member Nejedly called the meeting to order at 3 p.m.
2. PUBLIC COMMENTS
None.
3. OLD BUSINESS
None.
4. CLAIMS MANAGEMENT
No new claims were reported.
5. REPORTS/ANNOUNCEMENTS
a. GASB 45 White Paper and related actuarial report.
The White Paper was discussed in detail and the Actuarial Report
from the firm of AON Consulting was reviewed.
The Committee recommended bringing the white paper and the
report to the full Board at the December 20, 2007 meeting.
A
~, Recycled Paper
b. Discussion of role of Budget and Finance Committee in the 10-Year Plan.
The Committee requested Staff to present the assumptions being
used to develop the scenarios for the 10-Year Plan at the next
Budget and Finance Committee Meeting.
c. Report on Job 6421, Amberwood Lane, Walnut Creek.
Staff reported that a payment was made to a prior employee for
construction work to install sewer main for residences. The cost was
collected in advance from the homeowners, and the sewer
installation contract was with the homeowners. The District
essentially acted as the escrow agent to facilitate the sewer
installation.
d. The October Financials were not formally reviewed by the
Committee, but were submitted to the full Board.
6. REVIEW EXPENDITURES
Expenditures were reviewed and there were no outstanding
questions.
7. CLOSED SESSION - significant exposure to litigation pursuant to Government
Code Section 54956.9(a) - one potential case.
One matter was discussed.
8. ADJOURNMENT - at 3:47 p.m.