MINUTES
FOR THE FINANCE
COMMITTEE
BOARD OF
DIRECTORS
IRONHOUSE
SANITARY DISTRICT
DATE: July 18, 2013
TIME: Meeting start time 10:08 a.m.
PLACE: Ironhouse Sanitary District Office
450
Walnut Meadows Drive
Oakley,
Ca. 94561
ATTENDANCE: David Huerta, David Contreras, Tom Williams
A. Public
Comments
No public comment
B. Review of Proposed Compensation Study by
Koff and Associates
a. Review of FTE Total & Cost
Impact on Budget.
Mr.
Williams provided a handout (a spreadsheet) showing estimated financial impact
to ISD budget if the recommendations of the study were implemented over 2
years, and 3 years. The handout was
displayed via PowerPoint and real-time edits could be made, and impacts
reviewed, if desired. Mr. Williams
discussed briefly the handout and its assumptions. The committee began
discussing the methodologies used in the study, the validity of the comparator
agencies used, and concern over ISD “efficiency” when looking at other
comparators. The discussion occurred for
some time. The committee ultimately
indicated they were not ready to make a recommendation to the ISD Board on
implementing the Compensation study until a “top to bottom” efficiency study
was investigated. The committee directed
Mr. Williams to investigate the possible costs and timing of an efficiency
study and report back to the committee.
C. Discussion on Reserve Policy.
This item was tabled until the next
meeting.
D. Discussion on Future Items for Finance
Committee and Proposed Meeting Dates.
Continue discussion on the Compensation
study and possible efficiency study. Also,
discuss Reserve Policy at the next meeting.
No future meeting date was set at this time.
E. Adjournment.
The meeting was adjourned at 11:55p.m.
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