The minutes of the 9 October 2006 meeting were discussed. Nick Bennett made the motion that we approve the minutes of the 9 October 2006 meeting. Mike Deck seconded the motion, which was approved unanimously.
Finance Report:
Mary Wagner had e-mailed the financial packet to the board (Balance Sheet, P&L ytd comparisons and P&L budget vs. actual). Also e-mailed were the usage comparisons. The final invoices for the Ponderosa extension were mailed to Mrs. Crawford and Mr. Wagner today. Bond Payment will occur next month. The resident on Long’s Peak Ct. that used water to extinguish the fire paid the bill for the water used. We are ahead of revenue on water used by the district for the year.
Operations:
Frank had e-mailed the status report to the board prior to the meeting.
WINTERS/HAUKE STATUS REPORT - NOVEMBER 2006
The new door is to be stained and will then be ready for installation.
Unfinished Business
Ponderosa Extension
The final invoices have been sent and the final payment to the contractor has been made. The project is now complete.
Pump house Repairs
The door will be stained and then installed. The plastic shield will be put on the door for district notices.
Booster Pump
Mark and the operators met with Terry and Travis (Electrical Engineer) at the pump house to assess the installation of the pump. Mark will obtain from Terry when we can expect the engineering report. Installation of the pump will be in a small enclosure and modifications may have to be done. Initial assessment is that the power supplied by Xcel will be sufficient to operate the pump.
New Business
Budget
The long range plan was discussed in detail. Mike had handouts which elucidated the funds necessary to accomplish the three remaining projects after the booster pump. The remaining projects are: the Empire-Spring loop; the Panorama-Spring loop and the Benchmark line. The booster pump will be installed in 2007 and the cost should be about $50K ($43K for the pump and installation and $7K for the engineering). Because water revenue was higher this year than budgeted, rates may not have to be adjusted for the upcoming year. Nick will look into the rates for next year.
2007 Budget Hearing
Mike Deck made the motion that we open the Budget Hearing. Nick Bennett seconded the motion, which passed unanimously. The Budget Hearing was noticed in the Daily Camera on 17 October 2006 and the meeting notice was posted in the district.
The budget had been e-mailed to the board by Mary Wagner and was edited by the board during the budget discussion.
Mike Deck made the motion that we adopt the budget for the Water Enterprise Fund and the Debt Service Fund for 2007. Nick Bennett seconded the motion, which passed unanimously.
Mike Deck made the motion that we pass the resolution to appropriate sums of money for the Water Enterprise Fund and the Debt Service Fund for the year 2007. Nick Bennett seconded the motion, which was unanimously approved.
Nick Bennett made the motion to approve the resolution to certify the mil levy at 23.5 mils for the year 2007. Mike Deck seconded the motion, which was unanimously approved.
Rick Moeller made the motion that we adopt the budget message for the Water Enterprise Fund and the Debt Service Fund for 2007. Nick Bennett seconded the motion, which was unanimously approved.
The President and Secretary signed the resolutions and they will be sent to the Division of Local Governments and the County Assessor.
Nick Bennett made the motion that we close the Budget Hearing. Rick Moeller seconded the motion, which passed unanimously.
Adjourn:
A motion was made to adjourn by Nick Bennett, seconded by Rick Moeller and unanimously approved. The meeting was adjourned at 6:40 PM.
The above is respectfully submitted by the secretary…Bob Champ, November 14, 2006.