Finance Committee Minutes – February 17, 2015

For your consideration, please review the minutes for the Finance Committee Meeting from February 17, 2015:

BGJWSC_Finance_Committee_Minutes_February_17,_2015

To read the minutes, please open or download the pdf from the link above or you may see more below:

PRESENT:                 Donald Elliott, Chairman

John A. Cason, Commissioner

Tom Boland, Commissioner

NOT PRESENT:        Ronald E. Perry, Commissioner

ALSO PRESENT:      Steve Swan, Executive Director

John Donaghy, Director of Administration

Drexal Paulk, Director of Procurement

John Hunkele, Planning and Construction Superintendent

Chairman Elliott called the meeting to order.

Commissioner Cason made a motion seconded by Commissioner Cason to adopt the minutes of the January 20, 2015 Finance Committee meeting. Motion carried 2-0-0.

Discussions:

End of January Financials:

John Donaghy reviewed the current financials with the Committee members. Mr. Donaghy stated that further review will be needed and proofed.

Capital Expansion Project Status:

The committee would like the report to be reformatted to put projects in priority. Physical cash accounts are being established to separate cash accounts. John Hunkele reviewed the top priority projects with the committee. Mr. Hunkele also explained the capacity issues discussed at the last Facilities meeting. ATM is working on a “total build out” capacity model.

Contract Updates:

Drexal Paulk provided an update on current contracts that coming due. Mr. Paulk will provide the Commissioners with a copy of the Legal Services Request for Proposal documents.

Proposed Rate Resolutions:

Mr. Donaghy discussed some of the areas of change in the rate resolution components.

There being no additional business to bring before the Finance Committee, Chairman Elliott adjourned the meeting.