HomeMy WebLinkAboutMinutes - Water Finance Subcommittee - 2/9/2011 ACTION SUMMARY MINUTES
ORO VALLEY WATER UTILITY COMMISSION
FINANCE SUBCOMMITTEE MEETING
FEBRUARY 9, 2011
ORO VALLEY WATER UTILITY CONFERENCE ROOM
11000 N. LA CANADA DRIVE
ORO VALLEY, AZ 85737
CALL TO ORDER at 10:10 a.m.
PRESENT: Winston Tustison, Chair, Finance Subcommittee
Elizabeth Shapiro, Member, Finance Subcommittee
Philip C. Saletta, Water Utility Director
Shirley Seng, Water Utility Administrator
Discussion of the following items, no legal action taken:
Item # 1 Update and review of associated costs for the development of Central Arizona
Project Water and the impact to water rates &fees
a. Discussion on handout of the CAP water delivery options & related costs included:
i. Impact to budget
ii. Cost per acre foot & adjusted cost per acre foot
iii. Advantages & disadvantages
iv. Long term vs. short term options
v. Decrease in water sales & reduction and/or slow down in growth
vi. Flow capacity issues in Tucson Water's delivery system limits volume of
water Oro Valley could take to approximately 1700 AF per year
1) Oro Valley may discuss with Tucson the potential for system
improvements to increase the flow capacity
b. Discussion on three financial scenarios for delivery of 1000 AF, 1500 AF & 3000 AF
included:
i. Adjustments to original projections in the 2010 Water Rates Analysis for
FY 10-11 to incorporate actual data & recent projections based on new
data
ii. Addition of CAP wheeling costs, related capital expenditures and/or debt
iii. Cash funding for all future existing system improvements
iv. No adjustment to original projected rate increases under all scenarios
Call to the audience
No public attendance at the meeting.
Adjourned at 11:45 a.m.
Prepared by: /
Shirley Sen , Water Utility dministrato