{"id":57654,"date":"2024-02-22T13:30:22","date_gmt":"2024-02-22T18:30:22","guid":{"rendered":"https:\/\/www.bgjwsc.org\/?p=57654"},"modified":"2024-02-22T13:30:22","modified_gmt":"2024-02-22T18:30:22","slug":"finance-committee-meeting-minutes-wednesday-december-20-2023","status":"publish","type":"post","link":"https:\/\/www.goldenisleslepc.org\/?p=57654","title":{"rendered":"Finance Committee Meeting Minutes – Wednesday, December 20, 2023"},"content":{"rendered":"

For your consideration, please read the minutes from the Finance Committee Meeting held on Wednesday, December 20, 2023 at 3:00 p.m. in the Commission Meeting Room.<\/p>\n

Finance Minutes 12-20-23 with Attachments<\/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

<\/p>\n

Brunswick-Glynn Joint Water & Sewer Commission<\/strong><\/p>\n

1703 Gloucester Street, Brunswick, GA 31520<\/strong><\/p>\n

Commission Meeting Room<\/strong><\/p>\n

Wednesday, December 20, 2023, at 3:00 PM<\/strong>\u00a0<\/strong><\/p>\n

FINANCE COMMITTEE MINUTES<\/strong><\/h3>\n

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

Charles Cook, Acting Committee Chairman<\/strong><\/p>\n

Clayton Watson, Commissioner<\/strong><\/p>\n

Andrew 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\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

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

Ben Turnipseed, Commission Chairman<\/strong><\/p>\n

David Owens, Director of Finance<\/strong><\/p>\n

Frances Wilson, Accounting Manager<\/strong><\/p>\n

LaDonnah Roberts, Deputy Executive Director<\/strong><\/p>\n

Janice Meridith, Executive Commission Admin.<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong><\/p>\n

ABSENT:\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

Tripp Stephens, Committee Chairman<\/strong>\u00a0<\/strong><\/p>\n

Acting Committee Chairman, Commissioner Cook called the meeting to order at 3:00 PM.\u00a0\u00a0<\/strong><\/p>\n

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

Commissioner Cook opened the Public Comment Period.\u00a0 There being no citizens that wished to address the Committee, Commissioner Cook closed the Public Comment Period.\u00a0<\/strong><\/p>\n

APPROVAL<\/strong><\/p>\n

    \n
  1. Minutes from the November 15, 2023, Finance Committee Meeting<\/strong><\/li>\n<\/ol>\n

    Commissioner Watson made a motion seconded by Commissioner Cook to approve the minutes from the November 15, 2023, Finance Committee Meeting.\u00a0 Motion carried 2-0-1. (Commissioner Stephens was absent from the meeting.)<\/u>\u00a0<\/strong><\/p>\n

      \n
    1. Change Order #2 \u2013 AMI Meter Replacement Project<\/strong> \u2013 L. Roberts<\/li>\n<\/ol>\n

      Mrs. Roberts advised that this item is the closing-out change order for the AMI Meter Replacement Project. The BGJWSC Board of Commissioners approved a contract with Delta Municipal Supply Company at the July 16, 2020, meeting for the AMI Meter Replacement Project.\u00a0 She provided some project highlights which included the following: The project began in August 2020; 250 meters were installed during the Pilot Phase which was successfully completed in December 2020; Full installations began in January 2021, and work to place the collectors was completed that month; A full-system audit occurred between May and October 2021 while installation work was paused; A complete remaining inventory order was placed in November 2021 and this action avoided a 30% price increase by contract and purchasing early; Installations resumed in November 2021 and were completed in November 2023; and, Multiple system training sessions were held on-site for both administrative and field staff.\u00a0 The work has been completed, and a final analysis of costs has occurred.\u00a0 The result is a deductive change order in the amount of $1,557,102.12.<\/p>\n

      Commissioner Watson made a motion seconded by Commissioner Cook that the Finance Committee recommend that the full Commission approve Change Order No. 2 as the close-out change order to Delta Municipal Supply Company\u2019s contract in the credit amount of $1,557,102.12. Motion carried 2-0-1.\u00a0 (Commissioner Stephens was absent from the meeting.)<\/u><\/p>\n

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

        \n
      1. Financial Statement Month End November 30, 2023 <\/strong>\u2013 D. Owens<\/li>\n<\/ol>\n

        Mr. Owens presented the financial statement for the month ending November 30, 2023. He reviewed the Balance Sheet noting the Current Assets and Current Liabilities and briefed the Committee on the Combined Revenue Statement.\u00a0 The various Operating Revenues accounts were noted, and details on the Summary of Revenues and Summary of Expenses were highlighted.\u00a0 Mr. Owens briefly reviewed line items on the Cash Balances and the Project Report.\u00a0<\/strong><\/p>\n

        Commissioner Cook asked if there was any further business to discuss.<\/p>\n

        Commissioner Watson made a motion to adjourn the Finance Committee meeting.<\/u><\/p>\n

        There being no further business, Acting Committee Chairman, Commissioner Cook adjourned the meeting at 3:26 p.m.<\/p>\n","protected":false},"excerpt":{"rendered":"

        For your consideration, please read the minutes from the Finance Committee Meeting held on Wednesday, December 20, 2023 at 3:00 p.m. in the Commission Meeting Room. Finance Minutes 12-20-23 with Attachments To read the minutes, please open or download the pdf 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-57654","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\/57654","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=57654"}],"version-history":[{"count":0,"href":"https:\/\/www.goldenisleslepc.org\/index.php?rest_route=\/wp\/v2\/posts\/57654\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goldenisleslepc.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.goldenisleslepc.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.goldenisleslepc.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}