HomeMy WebLinkAboutMinutes - Water Finance Subcommittee - 3/26/2008 ACTION SUMMARY MINUTES
ORO VALLEY WATER UTILITY COMMISSION
FINANCE SUBCOMMITTEE MEETING
MARCH 26, 2008
ORO VALLEY WATER UTILITY CONFERENCE ROOM
11000 N. LA CANADA DRIVE
ORO VALLEY,AZ
CALL TO ORDER at 5:33 p.m.
PRESENT: Winston Tustison, Chair, Finance Subcommittee
Elizabeth"Betty" Shapiro, Member, Finance Subcommittee
Philip C. Saletta, Water Utility Director
Shirley Seng, Water Utility Administrator
Art Cuaron, Financial Analyst
Discussion of the following items, no legal action taken:
1. Discussion on Rate & Fee Increase Analysis
a. Reviewed the Preferred Financial Scenario &proposed rates
b. Reviewed the Alternate Financial Scenario & proposed rates
c. Reviewed the proposed meter fees & convenience fees
d. Reviewed the schedule for the rate setting process
2. Discussion on Water Rates Analysis Report
a. Reviewed the draft Water Rates Analysis Report
i. Executive Summary
ii. Introduction
iii. Enterprise Fund
iv. Alternative Water Resources Development Impact Fee Fund
v. Potable Water System Development Impact Fee Fund
vi. Preferred Financial Scenario
vii. Alternate Financial Scenario
viii. Recommendation on water rates
1. comparison between Preferred &Alternate
3. Discussion on Proposed Impact Fee Legislation (SB 1406)
a. Reviewed Senate Bill 1406 &what it means to Utility
b. Reviewed schedule to increase AWRDIF to full amount rather than 5 year
phase-in of adopted fees
Adjourned at 7:02 p.m.
Prepared by: Shirley Seng, Water Utility Administrator