Loading...
HomeMy WebLinkAbout2015-11-19 - Board of Directors Meeting Minutes 2015-191 MINUTES OF THE YORBA LINDA WATER DISTRICT BOARD OF DIRECTORS WORKSHOP MEETING Thursday, November 19, 2015, 3:00 p.m. 1717 E Miraloma Ave, Placentia CA 92870 1. CALL TO ORDER The November 19, 2015 Yorba Linda Water District Board of Directors Workshop Meeting was called to order by President Collett at 3:00 p.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 Director Melton 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, Information Technology Manager Damon Micalizzi, Public Information Manager Annie Alexander, Executive Secretary Cindy Botts, Water Conservation Supervisor ALSO PRESENT Tom Lindsey, Mayor Pro Tem, City of Yorba Linda Eddy Jackson, Resident 4. PUBLIC COMMENTS Mr. Eddy Jackson, resident, spoke regarding comments made during a recent joint agency committee meeting with the City of Yorba Linda. Minutes of the YLWD Board of Directors Workshop Meeting Held Thursday, November 19,2015 at 3:00 p.m. 1 2015-192 5. DISCUSSION ITEMS 5.1. Draft Unaudited Financial Statements for the Period Ending September 30, 2015 Mr. Eddy Jackson, resident, spoke regarding the draft financial statements. Mrs. Lugo explained the purpose of the workshop and provided an overview of the financial statements including the impact of the State Water Resources Control Board's mandated reduction in water consumption. She noted that the District's operating revenue was under budget due to a reduction in water sales as compared to the previous fiscal year. Mrs. Lugo pointed out that the District was required to meet its debt covenant ratio each quarter of the fiscal year. She also spoke regarding the District's fixed/variable costs, the District's budget process, and administrative penalties collected during the first quarter and how they're required to be utilized and reported on the financials. Mrs. Lugo then responded to questions from the Board. Mrs. Botts then provided a PowerPoint presentation regarding the District's budget for the first quarter. She commented on the complexities involved and provided an overview of the following: key budget assumptions; historical vs. current water consumption; budgeted and actual operating plans; historical demands and power costs; import water and groundwater costs; and budgeted and actual power/pumping costs for the first quarter. Mrs. Botts and Mr. DeCriscio briefly responded to questions from the Board and described staff's efforts to mitigate the District's power and pumping costs. Mrs. Lugo then reviewed the water and sewer budget summaries. In response to related questions from the Board, she indicated that a more detailed discussion regarding the District's reserves could occur during the mid-year review of the budget. Mr. Conklin then provided an overview of the Capital Improvement Project budget. He and Mr. DeCriscio then responded to questions from the Board regarding current and future projects. Director Collett requested that staff prepare a report regarding the status of the District's wells. Director Melton suggested that staff look into the possibility of utilizing energy generated at pressure reducing stations. The Board then discussed scheduling a future workshop meeting in early February to conduct a mid-year budget review. Minutes of the YLWD Board of Directors Workshop Meeting Held Thursday, November 19,2015 at 3:00 p.m. 2 2015-193 6. ADJOURNMENT 6.1. The meeting was adjourned at 4:41 p.m. The next Regular Board of Directors Meeting will be held Wednesday, November 25, 2015 at 8:30 a.m. Annie Alexander Assistant Board Secretary Minutes of the YLWD Board of Directors Workshop Meeting Held Thursday, November 19,2015 at 3:00 p.m. 3