HomeMy WebLinkAbout2017-01-31 - Board of Directors Meeting Minutes 2017-021
MINUTES OF THE
YORBA LINDA WATER DISTRICT
BOARD OF DIRECTORS WORKSHOP MEETING
Tuesday, January 31, 2017, 4:00 p.m.
1717 E Miraloma Ave, Placentia CA 92870
1. CALL TO ORDER
The January 31, 2017 Yorba Linda Water District Board of Directors Workshop
Meeting was called to order by President Miller at 4:02 p.m. The meeting was
held in the Board Room at the District's Administration Building located at 1717
East Miraloma Avenue in Placentia, California 92870.
2. PLEDGE OF ALLEGIANCE
President Miller led the pledge.
3. ROLL CALL
DIRECTORS PRESENT STAFF PRESENT
J. Wayne Miller, President Marc Marcantonio, General Manager
Al Nederhood, Vice President Steve Conklin, Engineering Manager
Phil Hawkins, Director John DeCriscio, Operations Manager
Andrew J. Hall, Director Gina Knight, HR/Risk and Safety Manager
Brooke Jones, Director Delia Lugo, Finance Manager
Art Vega, Information Technology Manager
Annie Alexander, Executive Assistant
Cindy Botts, Water Consv Sup/Mgmt Analyst
Kelly McCann, Senior Accountant
Malissa Muttaraid, Public Affairs Representative
ALSO PRESENT
Andrew Gagen, Partner, Kidman Law LLP
Sanjay Guar, Vice President, Raftelis Financial Consultants
4. PUBLIC COMMENTS
Mr. Ben Parker, resident, commented on data to be provided to Raftelis for input
into the District's financial model.
Mr. Greg Shultz, resident, commented on the District's previous audits.
Minutes of the YLWD Board of Directors Workshop Meeting Held January 31, 2017 at 4:00 p.m. 1
2017-022
5. DISCUSSION ITEMS
5.1. Overview of Development Process for Water Rate Studies, Financial
Policies and Plans, Water Rate Structures, and Cost of Service
Mrs. Delia Lugo introduced Mr. Sanjay Guar and provided an overview of
his work experience.
Mr. Guar reviewed the purpose and objectives of a water rate study, the
process for adopting rates, financial goals and legal requirements. He
then provided an overview of the purpose for financial planning and
policies including the District's current reserve policy and the advantages
versus disadvantages of using debt financing to fund capital improvement
projects. He also reviewed the evolution of water rate structures, pricing
objectives, various types of rate structures, cost of service, and the
process for implementation. Mr. Guar and staff then responded to related
questions from the Board and members of the public.
6. ADJOURNMENT
6.1. The meeting was adjourned at 5:55 p.m.
Annie Alexander
Assistant Board Secretary
Minutes of the YLWD Board of Directors Workshop Meeting Held January 31, 2017 at 4:00 p.m. 2