HomeMy WebLinkAbout2015-03-31 - Board of Directors Meeting Minutes 2015-055
MINUTES OF THE
YORBA LINDA WATER DISTRICT
BOARD OF DIRECTORS WORKSHOP MEETING
Tuesday, March 31, 2015, 8:30 a.m.
1717 E Miraloma Ave, Placentia CA 92870
1. CALL TO ORDER
The March 31, 2015 Yorba Linda Water District Board of Directors Workshop
Meeting was called to order by President Collett at 8:30 a.m. The meeting was
held in the Board/Training Room at the District's Administration Building located
at 1717 East Miraloma Avenue in Placentia, California 92870.
2. PLEDGE OF ALLEGIANCE
President Collett led the pledge.
3. ROLL CALL
DIRECTORS PRESENT STAFF PRESENT
Ric Collett, President Marc Marcantonio, General Manager
Michael J. Beverage, Vice President Steve Conklin, Engineering Manager
Phil Hawkins John DeCriscio, Operations Manager
Robert R. Kiley Gina Knight, Human Resources / Risk Manager
Gary T. Melton Delia Lugo, Finance Manager
Art Vega, IT Manager
Damon Micalizzi, Public Information Manager
Annie Alexander, Executive Secretary
Cindy Botts, Management Analyst
OTHER ATTENDEES
Brett Barbre, Director, MWDSC and MWDOC
4. PUBLIC COMMENTS
None.
5. DISCUSSION ITEMS
5.1. Draft FY 2015/16 Operating Budget (Materials to be provided at the
meeting.)
Mr. Marcantonio provided the Board with a summary of what was to be
discussed during the workshop meeting. Mrs. Lugo began the
presentation with an overview of the 2012 water financial model, trends in
water costs, historical and projected water purchases, and additional
factors affecting the cost of providing water. She then reviewed the
outlook for FY 2015/16 including a summary of the budget, key budget
assumptions, projected revenues and expenses, and the financial impact
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of the drought. The Board then discussed the percentage of operating
costs being covered by the fixed charge. Mrs. Lugo continued the
presentation and provided a local agency rate and monthly bill comparison
and reviewed the key factors of the projected expenses for FY 2015/16.
She noted that the current water model did not include electricity costs as
pass-throughs and the projected increase for this expense next fiscal year
was $530K. The Board then discussed pass-through variable costs and
projected base fee increases assuming 30-40% of operating costs being
covered by the fixed charge. Mr. Marcantonio provided a summary of
replacement costs for water assets and Mrs. Lugo reviewed the District's
projected and minimum reserve levels. Mr. Conklin then provided an
overview of the District's 5 year Capital Improvement Plan projections.
Mrs. Lugo noted that staff would be working with the consultant to update
the financial model in preparation for the next workshop meeting. Staff will
also revise the current budget calendar to plan for a potential rate increase
effective October 1, 2015.
6, ADJOURNMENT
6.1. The meeting was adjourned at 10:06 a.m. The next Regular Board of
Directors Meeting will be held Thursday, April 9, 2015 at 8:30 a.m.
Annie Alexander
Assistant Board Secretary
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