HomeMy WebLinkAbout2004-08-10 - Finance-Accounting Committee Meeting MinutesITEM NO. 17 -P 4
SUMMARY MINUTES OF THE
YORBA LINDA WATER DISTRICT
FINANCE-ACCOUNTING COMMITTEE
August 10, 2004
A meeting of the FINANCE-ACCOUNTING COMMITTEE was called to order by Committee
Chair Arthur C. Korn at 4:00 p.m. The meeting was held at the District Headquarters, 4622
Piumosa Drive, Yorba Linda.
Directors Present:
Arthur C. Korn, Chair
John W. Summerheld
Staff Present:
Michael A. Payne, General Manager
Beverly Meza, Business Manager
Introduction of Visitors and Public Comments
None
Action Calendar Items
None
APPROVED BY THE BOARD OF DIRECTORS
OF THE VORBA LINDA WATER DISTRICT.
AUG 2 20
BY
Discussion Items
1. Developer and Customer Service Fees.
Michael Payne reported that staff is working on the Developer and Customer
Service Fees. Ms. Meza summarized the purpose of the fees and that a report
would be submitted to the Committee in September with a full report to the Board in
September.
Standing Items
2. Water Rates
Beverly Meza gave a status report on the financial condition of the District. The
preliminary year end loss appears to be less than forecasted. Staff is still monitoring
the various accounts and will have a full report at a Board meeting in September.
Informational Items
3. State Budget Update
Michael Payne reported that the State of California had adopted its Budget, but that
all of the details regarding the share of the property taxes are still vague. Staff
believes the State plans to raid 40% of the District's share of the property taxes over
the next two years. It is still unclear what other ramifications there are.
Adiournment
The committee adjourned at 5:15 p.m.