HomeMy WebLinkAboutMinutes_Miscellaneous_06/21/1989_Finance & Administration Committee f
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VILLAGE OF TEQUESTA
_ Post Office Box 3273 • 357 Tequesta Drive
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 P.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 FY89, 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 Capretta suggested
that profit margin must increase before R /O. 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.
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Finance & Administration Committee Meeting
June 21, 1989
Page 2
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Mayor Capretta asked what the projected expense of R/O would be;
Village Manager Bradford responded, "about $3M ". Mayor Capretta
pointed out that though the Village could raise water usage rates,
raise connection charges, impact fees and utility tax, the Village
would still have to borrow to fund R /O. Village Manager Bradford
stated he was not certain the Gee & Jenson demand curve was
accurate. Mayor Capretta stated if the Village can't get enough
water presently, we need to go to R /O. We've got to be able to
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 Capretta recapped his position: get margins up in any way
that's reasonable; prioritize capital charges. Mayor Capretta
asked if a new Town Garage was a priority item. Village Manager
Bradford explained that it was, but the new location in mind had
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: