Minutes - Finance Committee

Final Minutes Finance Committee Meeting Monday 10/26/16

7:00 PM Conference Room

Distributions: Agenda, Draft 2017 Budget

Attendees:  Dan Drobnis, Chair; Joseph Guiterrez, Sandy MacGregor, Sal Monaco, Members; Isabel Ugarte, ECIA GM; Jean Crawford, F&G Committee/guest.

1. Meeting was called to order at 7:00 PM. 

2. Agenda was adopted as distributed.

3. Minutes of the 10/17 Meeting were discussed.  Approval was deferred pending delivery of minutes to members.


4. Jean Crawford came as a guest (no longer an F & G member) saying the earthen Rail Trail generates positive comments from users and ask if ECIA was considering the earthen product for our network.   She suggested a tie-in to the nearby storage  tanks of the community well for topping off the pool along with current discussions to refurbish the pool deck.

5.  The budget document prepared by the chair summarizing key items in the budget ws discussed.  Dan pointed out that several numbers in the document were tentative pending the present discussion.  The Reserve Analysis was then discussed including the potential impact if the County does not honor their agreement to periodically replace portions of the hike/bike path as needed.  ECIA has budgeted for maintenance and upkeep only.  The R&R does not include any contingency for replacement by ECIA.  A special levy could be used to provide for that.

6.  Minor changes were made to the budget doc, several budget line items, and the R&R.  The next step is a committee review and vote to forward the draft budget and associated budget documents to the Board at the November 14th meeting.

7.  Meeting was adjourned at 8:30PM.