HomeMy WebLinkAboutMinutes - Water Utility Commission ACTION SUMMARY MINUTES
ORO VALLEY WATER UTILITY COMMISSION
FINANCE SUBCOMMITTEE MEETING
MAY 21, 2015
WATER UTILITY CONFERENCE ROOM
11000 N. LA CANADA DRIVE
ORO VALLEY,AZ 85737
CALL TO ORDER at 2:05 PM
PRESENT: Winston Tustison, Chair, Finance Subcommittee
Javier Arriaga, Member, Finance Subcommittee
Shirley Seng,Water Utility Administrator
Philip Saletta, Water Utility Director
Call to the audience
No one was present.
Discussion of the following items occurred and no action was taken:
1. Groundwater Preservation Fees (GPF)
a. Briefly reviewed a summary of 3 financial scenarios—handout: summary of three financial
scenarios
b. Briefly reviewed the impact to an average golf course and a residential customer with the
proposed decreases in the GPF—handout: impact of GPF reductions
c. Discussed added a policy on GPF to the Mayor&Council Water Policies
i. Reviewed the proposed text—handout: proposed text for GPF policy
ii. Consensus to recommend that the Commission forward a recommendation to the
Town Council to include the proposed text in the Mayor&Council Water Policies
d. Discussed making any changes to the GPF when the next rates analysis is done rather than
doing a mid-year change
i. Consensus to recommend that the Commission forward a recommendation to the
Town Council that any changes in the GPF occur with the next rates analysis
e. 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 June 17
2. Cash Reserve Policy
a. Reviewed options for cash reserve policy—handout: summary of cash reserve options
b. Discussed the proposed cash reserve policy language—handout: proposed text for revised
cash reserve policy
c. Consensus to recommend that the Commission forward a recommendation to the Town
Council to amend the cash reserves policy.
d. Briefly discussed the questions submitted by Commissioner Weagle and staff's responses
Future Agenda Items: Financial update—begin working on the update in the summer and present to the
Commission in October.
Adjourned at 2:50 PM
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 21st day of May 2015. I further certify that the meeting was
duly called and held and that a quorum was present.
7y /
1
Prepared by:
Seng, Wate UY ' A . inistratdr