HomeMy WebLinkAboutMinutes - Water Utility Commission - 3/31/2015 ACTION SUMMARY MINUTES
ORO VALLEY WATER UTILITY COMMISSION
FINANCE SUBCOMMITTEE MEETING
MARCH 31,2015
WATER UTILITY CONFERENCE ROOM
11000 N. LA CANADA DRIVE
ORO VALLEY,AZ 85737
CALL TO ORDER at 10:00 AM
PRESENT: Winston Tustison, Chair, Finance Subcommittee
Javier Arriaga, Member, Finance Subcommittee
Shanna Weagle, Member,Water Utility Commission
Shirley Seng, Water Utility Administrator
Jeffrey Kane, Meter Operations Supervisor
Philip Saletta, Water Utility Director
Stacey Lemos, Finance Director
Call to the audience
Oro Valley resident Doug McKee was in attendance and commented on both agenda items.
Discussion of the following items occurred and no action was taken:
1. Groundwater Preservation Fees
a. Reviewed financial scenarios and discussed the assumptions used in each scenario—handout:
summary of six financial scenarios and the related assumptions
b. Discussed how GPF revenue could be used today and what it might be used for in the future
c. Discussed the proposed reduced GPF rate for reclaimed customers
d. Discussed CAP wheeling costs
e. Consensus to run an additional financial scenario with equal GPF reductions for both potable
and reclaimed customers
f. Consensus for staff to develop a discussion paper on why the GPF policy should be changed
g. Discussion to add the GPF policy to the Mayor and Council Water Policies document
h. Discussed the tentative schedule to bring these items to the Water Utility Commission for their
recommendation and then to the Town Council for their consideration
i. Water Utility Commission—final recommendation June 8
ii. Town Council—consideration July 1
2. Cash Reserve Policy
a. Discussed the current policy on cash reserves—handout: Cash reserve policy from the Mayor
and Town Council Water Policies document
b. Reviewed options for cash reserve policy—handout: Summary of cash reserve options
c. Discussed cash reserve policies of neighboring utilities
d. Consensus for staff to draft proposed cash reserve policy to bring to Water Utility Commission
and the Town Council at the same time as the GPF issues.
Future Agenda Items: Groundwater Preservation Fees; Cash Reserve Policy
Adjourned at 11:21 AM
I hereby certify that I prepared the foregoing minutes and that they are a true and correct copy of the minutes
of the Finance Subcommittee meeting held on the 31st day of March 2015. I further certify that the meeting
was duly called and held and that a quorum was present.
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Prepared by: Ai r _
Shirley Seng,W. er .0 istrator