HomeMy WebLinkAbout2018-06-07 - Board of Directors Meeting Minutes 2018-105
MINUTES OF THE
YORBA LINDA WATER DISTRICT
BOARD OF DIRECTORS WORKSHOP MEETING
Thursday, June 7, 2018, 4:30 p.m.
1717 E Miraloma Ave, Placentia CA 92870
1. CALL TO ORDER
The meeting was called to order at 4:31 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 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
Bryan Hong, Water Quality Engineer
Vivian Lim, Human Resources Analyst
Kaden Young, Management Analyst
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 noted the project schedule contained in the Asset Management Plan
(AMP) was staggered with periods of high activity and periods of low
activity. Staff suggested smoothing the project schedule in order to
enhance financial stability.
Minutes of the YLWD Board of Directors Workshop Meeting Held June 7, 2018 at 4:30 p.m. 1
2018-106
Staff then reviewed the draft 5-year Capital Improvement Plan (CIP)
budget which included previously approved projects, non-AMP projects,
AMP projects, and the replacement of vehicle and capital equipment.
Discussion followed regarding transitioning to an Advanced Metering
Infrastructure (AMI), the replacement of ductile iron pipe, potential funding
solutions, and staffing needed to support the CIP. Staff also provided an
overview of the individual projects included in the draft CIP budget for
FY19.
Staff then reviewed the draft water and sewer enterprise operating
budgets for FY19 and draft 5-year projections. Staff noted the calculations
did not include an increase to the water rate or potential reduction in water
consumption due to pending legislation. Discussion followed regarding
the District's bond covenants, debt-service coverage ratio, and funding
strategies for projects identified in the CIP.
Director Hawkins left the meeting at 6:05 p.m.
The Board and staff then explored various water rate scenarios using the
District's financial model. Discussion followed regarding the application of
pass through costs and the Board provided staff with related feedback in
preparation for the next budget workshop.
6. ADJOURNMENT
6.1. The meeting was adjourned at 6:53 p.m.
Annie Alexander
Board Secretary
Minutes of the YLWD Board of Directors Workshop Meeting Held June 7,2018 at 4:30 p.m. 2