COACHELLA
VALLEY MOSQUITO & VECTOR CONTROL DISTRICT
Tuesday, May
13, 2008
4:15 pm
Call To Order:
Secretary/Treasurer
Dr. Bruce Underwood called the meeting to order at 4:20 p.m., on May 13, 2008,
in the District’s Multi Purpose Room. Those present at roll call were Committee
Member Trustees Gary Howell, Doug Walker, and Sharon Lock. Also present
were Assistant to the General Manager
Confirmation of Agenda:
The agenda was confirmed as presented.
Approval
of Minutes from May 2, 2008, Finance Committee Meeting:
MOTION: Trustee Howell moved to approve the minutes as presented. Second by Trustee Lock. Motion carried unanimously.
Public / Staff
Comments
Finance
Manager I’Anson asked for confirmation of subject content to be discussed
during the conference call between the Moreland partner, the Secretary
Treasurer, and the Finance Manager concerning the clarification of allocating reserves,
documented steps in the capital budget process, and Prop 218 recording of
benefit assessment revenue and classification of expenses. The Committee
directed staff to email the Moreland partner with subject content before the
telephone conference.
Expanded “Green
Sheet” Report
Reviewed
Review and / or Recommendations to FY 2008-2009 Draft Budget
The Finance
Committee reviewed FY 2008-2009 Draft Budget with Assistant to the General Manager
Glanz and Finance Manager I’Anson. The Committee directed staff to amend the
budget to show the reserve items designated for Capital Projects Bio-Control
Fund and Capital Projects District Fund to the General Fund as designated
reserve items. This was in anticipation of a needs assessment and the direction
from Moreland on the documented steps in the capital improvement plan.
Trustee
Howell directed staff to amend the budget to show the funding from the transfer
of reserves for Facility Improvements on the same page as the sources of
revenue, to show all the sources of funding, and that the budget is balanced.
The Committee recommended the distribution of the draft budget with the
amendments to the full Board of Trustees at the May 13, 2008 meeting.
Trustee Comments:
None
Schedule Next Meeting:
The next meeting was scheduled for May 30,
2008, at 10:00 a.m.
Adjournment
The
meeting was adjourned at 5:20 p.m.