Finance Committee Minutes 3-18-20 with Attachments<\/a><\/p>\nTo read the minutes, please open or download the minutes from the link above, or you may see more below.<\/p>\n
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Brunswick-Glynn County Joint Water & Sewer Commission<\/strong><\/p>\n1703 Gloucester Street, Brunswick, GA 31520<\/strong><\/p>\nCommission Meeting Room<\/strong><\/p>\nWednesday, March 18, 2020 at 3:00 PM<\/strong>\u00a0<\/strong><\/p>\nFINANCE COMMITTEE MINUTES<\/strong><\/h2>\nMEMBERS PRESENT: \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong><\/p>\nBob Duncan, Committee Chairman<\/strong><\/p>\nDonald Elliott, Commissioner<\/strong><\/p>\nAndrew Burroughs, Executive Director<\/strong>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/strong><\/p>\nALSO PRESENT: \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong><\/p>\nBen Turnipseed, Commission Chairman<\/strong><\/p>\nCharles Cook, Commissioner<\/strong><\/p>\nJohn Donaghy, Chief Financial Officer<\/strong><\/p>\nLaDonnah Roberts, Senior Financial Analyst<\/strong><\/p>\n\u00a0Janice Meridith, Executive Commission Admin.<\/strong>\u00a0<\/strong><\/p>\nABSENT:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong><\/p>\nTripp Stephens, Commissioner<\/strong>\u00a0<\/strong><\/p>\nMEDIA PRESENT:\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong><\/p>\nNone Present<\/strong><\/p>\nChairman Duncan called the meeting to order at 3:00 PM.\u00a0\u00a0<\/strong><\/p>\nPUBLIC COMMENT PERIOD<\/strong><\/p>\nThere being no citizens that wished to address the committee, Committee Chairman Duncan closed the Public Comment Period.\u00a0<\/strong><\/p>\nAPPROVAL<\/strong><\/p>\n\n- Minutes from the February 19, 2020 Finance Committee Meeting<\/strong><\/li>\n<\/ol>\n
Commissioner Elliott made a motion seconded by Commissioner Duncan to approve the minutes from the February 19, 2020 Finance Committee Meeting.\u00a0 Motion carried 2-0-1. (Commissioner Stephens was absent from the meeting.)<\/u>\u00a0<\/strong><\/p>\n\n- Water Meter RFP Award<\/strong> \u2013 A. Burroughs<\/li>\n<\/ol>\n
Mr. Burroughs had presented the information, discussion and staff recommendation for the Water Meter RFP Award just earlier in the Facilities Committee Meeting held at 1:00 p.m.\u00a0 The same audience of Commissioners were present at this Finance Committee Meeting, therefore a second presentation was not necessary at the time and there were no further questions or discussions required.<\/p>\n
Commissioner Elliott made a motion seconded by Commissioner Duncan to move that the Finance Committee recommend that the full Commission review and approve authorization of the Executive Director to move forward in negotiations with Delta Municipal Supply Company for AMI and MDMS products and services for a five-year program integration to serve the meter reading needs of the JWSC.\u00a0 Motion carried 2-0-1.\u00a0 (Commissioner Stephens was absent from the meeting.)\u00a0<\/u><\/p>\n\n- Fiscal Year 2020 Budget<\/strong> \u2013 A. Burroughs<\/li>\n<\/ol>\n
Mr. Burroughs presented the Proposed Annual Budget for Fiscal Year 2021 to the Finance Committee.\u00a0 He noted that this balanced budget supports the goals of the Commission, maintains customer affordability, and will further the five key strategic areas identified in the 2019 Strategic Business Plan.\u00a0 Within the presentation Mr. Burroughs provided the Fiscal Year 2021 Budget goals and highlights; gave an overview of where the FY 2021 projected revenues will come from; discussed the FY 2021 expenses by expense type as well as the expenses by division; and also detailed where the expected increases and decreases in expenses will be.\u00a0 Mr. Burroughs\u2019 final two comments were that the Rate Resolution will be presented separately, and most importantly that the Rates will not change.<\/p>\n
Commissioner Elliott made a motion seconded by Commissioner Duncan to move to accept the Budget of Fiscal Year 2021 and forward to the full Commission for approval.\u00a0 Motion carried 2-0-1.\u00a0 (Commissioner Stephens was absent from the meeting.)<\/u>\u00a0<\/strong><\/p>\nDISCUSSION<\/strong><\/p>\n\n- Financial Statements Month End February 29, 2020 <\/strong>\u2013 J. Donaghy<\/li>\n<\/ol>\n
Mr. Donaghy reviewed the financial statements for the month ending February 29, 2020 with the Committee and advised that this report contains the first 8 months of the current fiscal year.\u00a0 First he noted the Balance Sheet and that Commissioner Elliott had previously requested a Pro-Forma of the fixed assets and depreciation at year end, due to the mechanism that was used at that time to record them.\u00a0 The Finance staff has since changed some of the mechanics in the accounting system so that those assets are now being capitalized on a monthly basis and depreciated on a monthly basis.\u00a0 Mr. Donaghy advised that the senior accountant will be doing those monthly reconciliations, and added that Mrs. Roberts and he will be reviewing them which will be an enhancement to the internal controls.\u00a0\u00a0 The Combined Revenue Statement was then reviewed as well as the Project Financial Report.<\/p>\n
There being no further business, Chairman Duncan adjourned the meeting at 3:28 p.m.<\/p>\n","protected":false},"excerpt":{"rendered":"
For your consideration, please read the minutes from the Finance Committee Meeting held on Wednesday, March 18, 2020 at 3:00 p.m. in the Commission Meeting Room. Finance Committee Minutes 3-18-20 with Attachments To read the minutes, please open or download the minutes from the link above, or you may see more below.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[18],"tags":[],"class_list":["post-15835","post","type-post","status-publish","format-standard","hentry","category-finance-committee-minutes"],"_links":{"self":[{"href":"https:\/\/www.goldenisleslepc.org\/index.php?rest_route=\/wp\/v2\/posts\/15835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.goldenisleslepc.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.goldenisleslepc.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.goldenisleslepc.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goldenisleslepc.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15835"}],"version-history":[{"count":0,"href":"https:\/\/www.goldenisleslepc.org\/index.php?rest_route=\/wp\/v2\/posts\/15835\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goldenisleslepc.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.goldenisleslepc.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.goldenisleslepc.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}