HomeMy WebLinkAboutMinutes - Finance & Human Resources Committee - 04/26/2016Page 1 of 2
Minutes 4/26/2016 cmk
Subject to Approval
EAST VALLEY WATER DISTRICT April 26, 2016
FINANCE AND POLICY STANDING COMMITTEE MEETING
MINUTES
Ms. Hendricksen ca lled the meeting to order at 3: 31 p.m. and Ms. Bryan led the flag
salute.
PRESENT:Director Smith
ABSENT:Director Morales
STAFF:Brian Tompkins, Chief Financial Officer; Kerrie Bryan, HR/Risk &
Safety Manager; Justine Hendricksen, District Clerk ; Christi Koide,
Administrative Assistant
GUEST(s):Members of the public
PUBLIC COMMENTS
Ms. Hendricksen declared the public participation section of the meeting open at 3:32
p.m.
There being no further written or verbal comments the public participation section of
the meeting was closed at 3:33 p.m.
APPROVE THE MARCH 29 , 2016 FINANCE AND POLICY STANDING COMMITTEE
MEETING MINUTES
Director Morales was absent and therefore, these minutes will be presented again
during the next committee meeting.
MARCH 2016 DISBURSEMENTS: ACCOUNTS PAYABLE DISBURSEMENTS FOR THE
PERIOD INCLUDE CHECK NUMBERS 247134 THROUGH 247425 , BANK DRAFTS, AND
ACH PAYMENTS IN THE AMOUNT OF $ 2,977,652.88 AND $ 354,115.43 FOR
PAYROLL.
The Chief Financial Officer explained there were seven disbursements that were
greater than $50,000.
FINANCIAL STATEMENTS FOR MARCH 2016
The Chief Financial Officer stated that the decrease in water s ales in March compared
to last year is due to the increased c onservation efforts by customers and mandates
by the State.
Page 2 of 2
Minutes 4/26/2016 cmk
The Chief Financial Officer provided a brief overview of department spending.
INVESTMENT REPORT FOR QUARTER ENDED MARCH 31, 2016
The Chief Financial Officer discussed a significant increase in interest rates for the
Local Agency Investment Fund this quarter, which wil l hopefully result in better
returns on money held in this fund.
UPDATE TO COMPENSATION PROGRAM AND PERFORMANCE MANAGEMENT POLICIES
The HR / Risk and Safety Manager provided the c ommittee with a brief overview of the
proposed updates to the Compensation Program and Performance Management
policies.
ADJOURN
The meeting adjourned at 3:57 p.m.
James Morales, Jr., David E. Smith,
Governing Board Member Governing Board Member