{"id":4959,"date":"2016-08-22T17:17:06","date_gmt":"2016-08-22T21:17:06","guid":{"rendered":"http:\/\/www.bgjwsc.org\/?p=4959"},"modified":"2016-08-22T17:17:06","modified_gmt":"2016-08-22T21:17:06","slug":"finance-committee-minutes-june-14-2016","status":"publish","type":"post","link":"https:\/\/www.goldenisleslepc.org\/?p=4959","title":{"rendered":"Finance Committee Minutes \u2013 June 14, 2016"},"content":{"rendered":"

For your consideration, please review the minutes for the Finance Committee Meeting from June 14, 2016:<\/p>\n

BGJWSC__Finance_Committee_Minutes_June_14,_2016<\/a><\/p>\n

To read the minutes, please open or download the pdf from the link above or you may see more below:<\/p>\n

PRESENT:\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>\n

Donald Elliott, Commissioner<\/strong>\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>\n

Ronald Perry, Chairman<\/strong>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/strong><\/p>\n

John Cason, Commissioner<\/strong><\/p>\n

Thomas Boland, Acting Director<\/strong>\u00a0 \u00a0 \u00a0 \u00a0<\/strong><\/p>\n

John Donaghy, Chief Financial Officer<\/strong><\/p>\n

ALSO PRESENT:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong><\/p>\n

Pamela Crosby, Director of Procurement<\/strong><\/p>\n

Shanesha Sallins, Financial Analyst\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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong><\/p>\n

Chairman Elliott called the meeting to order at 2:00 PM.<\/p>\n

PUBLIC COMMENT PERIOD<\/strong><\/p>\n

There being no citizens that wished to address the Committee, Chairman Elliott closed the Public Comment Period.<\/p>\n

\u00a0<\/strong>ADOPT:<\/strong><\/p>\n

Minutes from April 19, 2016 Finance Committee Meeting<\/strong><\/p>\n

Commissioner Cason made a motion seconded by Commissioner Boland to adopt the minutes of the April 19, 2016 Finance Committee Meeting.\u00a0 Motion approved 4-0-0.<\/u><\/p>\n

Rate Resolution<\/strong> \u2013 Comm. Elliott \/ J. Donaghy<\/p>\n

Commissioner Elliott introduced a slide presentation which will be shared with the Board of Realtors meeting tomorrow 6\/15.\u00a0 Comm. Elliott continued stating the 2016 budget did not include a rate increase.\u00a0 The budget development timeline was discussed which included Preparation, Rate Study, Master Plan, Development of Capital Improvement Fees, and Town Hall meetings. \u00a0The budget by account and cost center was shared.\u00a0 The discussion continued with proposed water and sewer rates.\u00a0 The new FY 2016-2017 budget will show a 2M increase compared to FY 2015-2016.\u00a0 The other slides shared were: proposed Septic Tank Hauling Discharge; Fire Protection Charges, Fees & Fines, Capital Improvement Fee, and REU\u2019s.\u00a0 The Master Plan projects for water & sewer were explained which included their capital costs.\u00a0 \u00a0There was additional discussion on the rate resolution options and the motion choices that the Commission will vote on in Thursday\u2019s meeting. \u00a0It was noted that the 50% reduction was rescinded last June.\u00a0 The committee members present agreed to show this presentation to the full Commission on Thursday.<\/p>\n

FY 2017 Budget <\/strong>\u2013 J. Donaghy<\/p>\n

This item was briefly discussed in the presentation and will be explained in the Financial Report under discussion.<\/p>\n

Development Authority Meeting Update <\/strong>\u2013 Comm. Boland<\/span><\/p>\n

Comm. Boland updated the committee on the recent meeting with the Authority.\u00a0 There was discussion on the $120k used on the Canal Crossing.\u00a0 It was noted that the group discussion sewer concerns and possibly using a gravity system to help the area which included East Gate McBride.\u00a0 There was further talk about JWSC acquiring a bond.\u00a0\u00a0 It was recommended to place these discussion items before the Commission for Thursday.\u00a0 The water lines on FLETC was addressed as a concern.<\/p>\n

DISCUSSION:<\/strong><\/p>\n

May End of Month Financial Comparative <\/strong>\u2013 John Donaghy<\/span><\/p>\n

John Donaghy discussed the May Financials which included the Commission Report and the Revenue and Expense ending through 5\/31.\u00a0 John stated there is $183K of expenses over revenue for the first 11 months of the year.\u00a0 The total is approx. $24M in revenues and should break even on a budget basis for the year.\u00a0 The superintendents should get their reports today.\u00a0 \u00a0John will have the balance sheet details cash accounts reports for Thursdays\u2019 meeting.<\/p>\n

LS 2032 Update <\/strong>\u2013 P. Crosby<\/p>\n

Pam Crosby updated the committee on the LS 2032 project.\u00a0 It was stated there were 6 engineering firms submitted proposals.\u00a0 The scoring was judged by four (4) evaluators and found there were 7 points difference in the top two firms.\u00a0 Pam stated the staff will recommend an additional 2 weeks to meet with them and address questions or concerns.\u00a0 It was noted that there is a component of the time line where an estimated additional 4 months may be needed to complete the project than originally thought.\u00a0 One item of concern will be traffic control and JWSC would like to meet with the county for feedback and design proposals.\u00a0 Pam stated some engineering firms backed out due to not being able to meet the timeline.\u00a0 Those six firms that submitted a bid were: 4 Waters Engineering; Goodwyn, Mills, & Cawood; Hodges, Harbin, Newberry & Tribble; Hussy Gay Bell; Roberts Civil Engineering; and Thomas & Hutton.\u00a0 It was stated that now is a good time to prepare and plan which includes notifying the public as well.<\/p>\n

EXECUTIVE DIRECTOR\u2019S UPDATE<\/strong><\/p>\n