HomeMy WebLinkAboutDocumentation_Regular_Tab 5A_7/13/1989 •
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., VILLAGE OF
TEQUESTA
Post Office Box 3273 • 357 Tequesta Drive
41 Tequesta, Florida 33469-0273 •• (407) 575-6200
'' FAX: (407) 575-6203
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FINANCE & ADMINISTRATION
COMMITTEE MEETING
WEDNESDAY, JUNE 21 , 1989
I . CALL TO ORDER AND ROLL CALL
The Finance & Administration Committee of the Village Council held
a Committee Meeting on Friday, June 21 , 1989 , in the Village Hall ,
357 Tequesta Drive , Tequesta, Florida. The meeting was called to
order at 5 : 30 F.M . by Chairman Earl L. Collings . Finance &
Administration Committee members present were : Mayor Joseph N .
Capretta . Staff members present. were : Thomas G. Bradford, Village
Manager ; Wendy K . Harrison , Administrative Assistant to Village
Manager ; Bill C . Kascavelis , Finance Director; Tom Hall , Manager,
Village Water Department,
II . APPROVAL OF AGENDA
The Agenda was approved as submitted .
III . REVIEW OF THE PROPOSED FY 89/90 BUDGET FOR WATER OPERATING AND
WATER CAPITAL IMPROVEMENT FUNDS
First reviewed Water Enterprise Operations and Debt Service Fund
Analysis . Two proposed operator positions added to the Water
Department for FY 90 because of increased maintenance . With the
treatment expansion in 1FY89 , the plant classification is changing
from Class C to Class B, changing coverage from 8 hrs/5days/week to
16 hrs/7 days/week . Additional coverage allows for increased
productivity of in-house maintenance operations . Much discussion
regarding production costs and profit/cost margins . Chairman
Collings was concerned about the decrease in ratio because of
increased personnel and increased costs and expressed much concern
about a falling margin . Mr. Kascavelis explained how the Village is
planning to maintain a 1 . 36 ratio for next year as compared to 1 . 8
or 1 . 7 in the past and indicated the need for a rate analysis and
review of Capital Connection Charges . Mayor Caprett.a suggested
that profit margin must increase before R/0. Mr . Kascavelis
explained that 1 . 25 is the required margin and reiterated our
margin projected for FY 90 is 1 . 36 . He indicated a ratio of 1 . 50
would be more preferable .
Finance & Administration Committee Meeting
June 21 , 1989
Page 2
Mayor Capretta asked what the pro ject.-d e•:pensc of R/0 would
Village Manager Bradford responded , "about S N Mayor Capri- - -:
pointed out that though the Village could raise water usage rate ,
raise connection charges , impact fees and utility t =; .: , ; ? .. Villa --
would still have to borrow to fund R/0. Village Manager R; adfr.-d
stated he was not, certain the Gee & Jenson demand curve
arc-'urate . Mayor Capret.ta stated if the Vi l lade can ' t get enol_:h
water presently , we need to go to R/0 . We ' ve got to he able -o
show a 25% margin in order to get a loan for R/O.
Collings : re : violators : how many will violate , how many will use
more water , and how much more water will they use -- charge them
heavily for overuseage .
Mayor Caprett.a recapped his position : get margins up in any way
that ' s reasonable ; prioritize capital charges . Mayor Capreta
asked if a new Town Garage was a priority item . Village Manager
Bradford explained that, it was , hut the new location in mind
some abandoned wells located there and the Village has a Wellfield
Protection Ordinance" with some restrictions .
IV. ANY OTHER MATTERS
No other matters were discussed .
V. ADJOURNMENT .
There being no other matters before the Committee , the meeting was
adjourned at 7 : 15 P . M .
Respectfully submitted ,
ran Bitters
Recording Secretary
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Date Approved :