HomeMy WebLinkAboutBUDGET & FINANCE ACTION SUMMARY 12-17-07
~ Central Contra Costa Sanitary Distrld
5019 Imhoff Place Maltlnt'z CA 94553-4392 (925) 228-9500 . wwwct'ntralsan org
BUDGET AND FINANCE COMMITTEE
ACTION SUMMARY
Chair McGill
Member Nejedly
Monday, December 17, 2007
3:00 p.m.
Executive Conference Room
5019 Imhoff Place
Martinez, California
PRESENT: Mike McGill, Jim Nejedly, Jim Kelly, Randy Musgraves, Debbie Ratcliff,
Colette Curtis-Brown
1. CALL MEETING TO ORDER
Chair McGill 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. The Committee reviewed the recommended
rejection of Mr. Joe Fitzpatrick's claim. Staff reported that Small Claims
Court found in favor of the District regarding the automobile accident
where a CSO worker was rear-ended at a stop sign. Mr. Garvey is to pay the
District $1,301.24.
ft
" Recycled Paper
5. REPORTS/ANNOUNCEMENTS
a. Ten-Year Plan Assumptions
The Ten-Year Plan assumptions were reviewed with the Committee.
The Committee requested that a scenario be included in the Plan that
shows the results of the State taking the ad-valorem tax from Special
Districts based on the Governor's recent statements.
b. White Paper and AON Report - GASS 45
The Committee reviewed the final actuarial report and recommended
that the full Board give staff direction to research and present
policies and trust options to the Board at a future Board Meeting
leading to the consideration of forming a trust.
c. Review of Funds Required
The Committee reviewed a staff report and graph that explained the
cash flow cycle of the District's revenue, and minimum balances
required to cover payments made between June 30th and Dec 15th of
each year. The Committee found the amount of funds required to be
reasonable.
6. REVIEW EXPENDITURES
Expenditures were reviewed and there were no outstanding
questions.
7. ADJOURNMENT - at 3:40 p.m.