MINUTES OF THE ADMINISTRATIVE AND FINANCE COMMITTEE MEETING
November 7, 2005
1. CALL TO ORDER
Chair Dixon called the Administrative and Finance Committee special meeting to order at 11:05 a.m.
2. ROLL CALL
Committee members present were Chair Dixon, Vice Chair Dailey, Directors Brammell, Johnson, Price, Steiner and Williams. Committee members absent were Vice Chair Tu, Directors Bowersox, Knutson, Muir, Parker, Watton, and Representative Slater-Price. Also present were Directors Bond, Croucher, Lewanski, Linden and Thompson. Chair Dixon appointed Director Bond to serve as a temporary member to make a quorum of the Committee. Staff present was General Manager Stapleton, General Counsel Hentschke, Deputy General Manager Lanspery and Director of Finance/Treasurer Brust.
Committee members Director Watton and Muir, and Vice Chair Tu arrived at 11:06, 11:07 and 11:08 a.m., respectively.
3. PUBLIC COMMENT
There were no members of the public who wished to address the Committee.
4. CHAIR’S REPORT
Chair Dixon noted that there would be a special Administrative and Finance Committee meeting on Wednesday, November 16, 2005, at 2:00 p.m. on policies for reimbursements and per diems.
5. FISCAL YEAR 2004-2005 AUDIT RESULTS
Ms. Brust introduced Ken Al-Imam of Conrad & Associates, LLP. Mr. Al-Imam presented the results of the Fiscal Year 2004-2005 audit. He stated no material weaknesses or reportable conditions were noted.
6. REVIEW AND APPROVE THE AUDITED FINANCIAL STATEMENTS FOR FISCAL YEAR ENDED JUNE 30, 2005
Mr. Al-Imam stated that there was an unqualified audit opinion expressed on the Accounting Records and Financial Statements. He also discussed the Government Finance Officers Association Awards that the Water Authority had received for excellence in financial reporting.
The Directors asked questions and made comments on the presentation.
Vice-Chair Dailey moved, Director Steiner seconded and the motion carried unanimously to approve the Audited Financial Statements for Fiscal Year ended June 30, 2005.
7. ADJOURNMENT
There being no further business to come before the Administrative and Finance Committee, Chair Dixon adjourned the meeting at 11:32 a.m.
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Jesse Dixon
Chair
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