M I N U T E S

                                                SPECIAL MEETING

                                      OF THE FINANCE COMMITTEE

                                                    July 21, 2005

                                                       5:00 p.m.

 

 

A.      Call to Order & Roll Call

 

          A Special Meeting of the Santa Rosa Community Services District Finance Committee was held at the Santa Rosa CSD Office commencing at 5:00 p.m. on July 21, 2005 with the following people present:

         

                   George Demos, Committee Chair

                   Walt Kelly, Committee Member

                   Jill Gipson, Staff Committee Member

                   John Rogers, General Manager

                            

B.      Public Comment

                                                             

          None.

 

C.      Approval of Minutes

 

          The Minutes of the June 28, 2005 meeting were approved by consensus.

 

D.      Discussion of Insurance Costs 

 

          The Committee discussed various line items in the adopted 2005-06 budget from which funds could be reallocated to cover the increased cost of insurance. In addition to the items listed in the following table, another possible source of funds is the emergency roadwork money set aside each year, either from Primary Zone only, or on a percentage basis from each zone.

 

          An unbudgeted source of revenue is the projected reimbursement for administrative costs incurred in conjunction with the FEMA disaster recovery.

 

 

Account

Description

Amount

G&A -

Contract Labor

Computer network

7,500

G&A -

Office Maintenance

Paint and carpet for District Office

12,000

G&A -

Office Supplies

Computer server and desk

5,000

G&A -

Legal Fees

Reserve for legal costs not in retainer or covered by insurance

24,000

G&A -

Director Stipend

Budgeted at $100 per meeting

12,000

IHRM - Equipment Yard Rental

One month's rent (6/06) at $1000 and cost for improvements at new site at $10,000

11,000

 

 

                                                   TOTAL:

71,500

 

          Chairman Demos asked that approval of the above reallocation be agendized for the August Board Meeting.

 

          General Manager Rogers was directed to aggressively pursue alternative sources for insurance. He also was instructed to contact Rancho Water regarding use of their Via Barranca tank site for the District yard.

 

 

E.      Adjournment

 

          There being no further business, the meeting was adjourned at 5:55 p.m.

 

                  

         

 

 

 

         

 

________________________________

                                                              Jill Gipson, Office Manager

 

 

 

 

 

ATTEST

 

 

 

___________________________________

Gene Bianchi, Chairman