HomeMy WebLinkAboutMinutes - Water Finance Subcommittee - 10/4/2016 ACTION SUMMARY MINUTES
ORO VALLEY WATER UTILITY COMMISSION
FINANCE SUBCOMMITTEE MEETING
OCTOBER 4, 2016
WATER UTI LITY CON FERENCE 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 ,
Shirley Kiel, Water Utility Administrator ,
Philip Saletta, Water Utility Director
Stacey Lemos, Finance Director
Call to the audience
No one was present.
Discussion of the following item occurred and no action was taken:
1. Discussion and possible action regarding water rates analysis
a. Discussed assumptions to be used in the water rates analysis—handout
i. Major assumptions include growth projections, future debt, capital projects, personnel
and operating costs, inflation and interest rates
b. Discussed a summary of key elements in the baseline and 2 preliminary scenarios- handout
i. Cash reserve balances, debt service coverage, rate increases and impact to customers
c. Briefly reviewed the schedule for the rate setting process—handout
d. Next meeting scheduled for October 18, 2016 at 10:30 a�m.
Future Agenda Items: Water Rates Analysis—financial scenarios
� Adjourned at 10:55 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 4th day of October 2016. I further certify that the meeting
was duly called and held and that a quorum was present.
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Prepared by: �w �p�� � � '�
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Shir ey Kiel, Water tility A ministrator
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