HomeMy WebLinkAbout2018-05-30 - Board of Directors Meeting Minutes 2018-096
MINUTES OF THE
YORBA LINDA WATER DISTRICT
BOARD OF DIRECTORS WORKSHOP MEETING
Wednesday, May 30, 2018, 4:30 p.m.
1717 E Miraloma Ave, Placentia CA 92870
1. CALL TO ORDER
The meeting was called to order at 4:35 p.m.
2. PLEDGE OF ALLEGIANCE
3. ROLL CALL
DIRECTORS PRESENT STAFF PRESENT
Al Nederhood, President Marc Marcantonio, General Manager
Brooke Jones, Vice President Brett Barbre, Assistant General Manager
Andrew J. Hall John DeCriscio, Operations Manager
Phil Hawkins (Arrived 4:47 p.m.) Gina Knight, HR/Risk and Safety Manager
J. Wayne Miller Delia Lugo, Finance Manager
Art Vega, Information Services Manager
Rosanne Weston, Engineering Manager
Annie Alexander, Executive Asst/Board Secretary
ALSO PRESENT
Andrew Gagen, General Counsel, Kidman Gagen Law LLP
4. PUBLIC COMMENTS
None.
5. DISCUSSION ITEMS
5.1. Draft Operating Budget for Fiscal Year 2019
Staff explained there were no recommended changes to the Public Funds
Investment Policy at this time. No revisions were requested by the Board.
Staff then reviewed some proposed modifications to the Pension Rate
Stabilization Program and Other Post-Employment Funding Policy. No
additional adjustments were requested by the Board.
Minutes of the YLWD Board of Directors Workshop Meeting Held May 30,2018 at 4:30 p.m.
2018-097
Staff also went over suggested revisions to the Debt Management Policy.
The Board requested a minor revision to the section addressing senior lien
long-term debt. No other changes were requested by the Board.
Staff then presented the updated financial model and noted it didn't
contain data for the sewer enterprise as of yet. Staff noted the projected
revenues didn't include an increase to the water rate and explained the
financial recording of contributions made to the California Public
Employees' Retirement System (CaIPERS) and Public Agency Retirement
Services (PARS).
The Board and staff then discussed staffing and funding for the District's
Capital Improvement Plan (CIP), projects identified in the draft Asset
Management Plan (AMP), financial strategies for maintaining YLWD's
debt-service coverage ratio, and the impact of the State's proposed
permanent framework for water conservation.
Staff noted the financial model would be updated with sewer enterprise
figures for the next budget workshop in preparation for further discussion
of historic financial data and five-year projections.
6. ADJOURNMENT
6.1. The meeting was adjourned at 5:58 p.m.
Annie Alexander
Board Secretary
Minutes of the YLWD Board of Directors Workshop Meeting Held May 30,2018 at 4:30 p.m. 2