HomeMy WebLinkAbout1998-07-22 - Finance-Accounting Committee Meeting Minutes• 0 ITEM NO. /3 Q •
AGENDA REPORT
DATE: August 13, 1998
TO: President and Members of the Board
FROM: Finance Committee
SUBJECT: Summary Minutes of the Finance Committee Meeting
The Finance Committee held a meeting on July 22, 1998. Present were Directors Art Korn and
Sterling Fox, and staff members William Robertson, Michael Payne, Beverly Meza, and Chuck
Gray. The following items were discussed by the committee.
1. Water and Sewer Development Fees. Chuck Gray, Engineering Manager, presented a
staff report on proposed water and sewer development fees for fiscal year 1998 -99. Water
and sewer development fees are fees paid by land developers for engineering services such
as plan check and inspection, and for water meters. Items discussed were the annual
review of fees to determine if District coats are covered by the proposed fees, and the
incorporation of current labor and material costs. A public hearing on Water and Sewer
Development Fees is scheduled for this Board of Directors meeting.
2. Sewer Maintenance Fees. William Robertson, General Manager, presented a staff report
on the proposed Sewer Maintenance fees for fiscal year 1998 -99. Sewer maintenance
rates were discussed for District sewer customers including the Locke Ranch sewer
service area. A public hearing on Sewer Maintenance Charges is scheduled for this Board
of Directors meeting.
3. Customer Service Fees. Chuck Gray, Engineering Manager, presented a staff report on
Customer service fees for fiscal year 1998 -99. Customer development fees are fees paid
by the District's customers for late payment fees, reconnection fees, after hour service
calls, and meter testing services. Items discussed were the annual review of fees to
determine if District coats are covered by the proposed fees, and the incorporation of
current labor and material costs. A public hearing on Customer Development Fees is
scheduled for this Board of Directors meeting.
4. Bond Refunding and Debt Reserves for Improvement District No. 2. Michael Payne,
Assistant General Manager, presented a staff report on bond refunding and debt reserves
for ID No.2. Items discussed were the bond structure, term, and savings for the District's
customers. In addition, the proposed bond sale schedule submitted by Bartle Wells
Associates was reviewed. An agenda for Board of Directors consideration is contained
within this agenda package.
5. Gann Appropriations Calculations. Beverly Meza, Business Manager, presented a staff
report on the Gann appropriations process.