HomeMy WebLinkAboutMinutes - Water Finance Subcommittee - 10/4/2011 ACTION SUMMARY MINUTES
ORO VALLEY WATER UTILITY COMMISSION
FINANCE SUBCOMMITTEE MEETING
OCTOBER 4, 2011
ORO VALLEY WATER UTILITY CONFERENCE ROOM
11000 N. LA CANADA DRIVE
ORO VALLEY, AZ 85737
CALL TO ORDER at 10:04 a.m.
PRESENT: Winston Tustison, Chair, Finance Subcommittee
Elizabeth Shapiro, Member, Finance Subcommittee
Philip C. Saletta, Water Utility Director
Shirley Seng, Water Utility Administrator
Stacey Lemos, Finance Director
Discussion of the following items, no legal action taken:
Item # 1 Water Rates Analysis
a. Discussion on the assumptions used to prepare the financial projections
b. Discussion on the financial projections
i. 5-year projections for Enterprise Fund, AWRDIF Fund & PWSDIF Fund.
ii. No rate increases used in the projections
1) Council only approves rates for current fiscal year.
2) Important to review rates annually for most up-to-date costs.
iii. Consensus with subcommittee members to recommend to the Commission no
rate increase in FY 11-12.
c. Provided handout of the draft Water Rates Analysis Report.
d. Discussion on schedule to present Water Rates Analysis Report to Council
i. Tentatively scheduled to present on November 2, 2011
Call to the audience
No public attendance at the meeting.
Adjourned at 11:1 ..
Prepared by: ,
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