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CVLGC 04-24-2019 MinutesMINUTES OF THE LLEY I `W_11L. �V THE STATE OF TEXAS CIBOLO VALLEY LOCAL GOVERNMENT CORPORATION On this, the 25 of April 2019, the Cibolo Valley Local Government Corporation (CVLGC) convened at 9:00 the Council Chambers of the City of Cibolo, 200 South Main, Cibolo, Texas. The following members being preseni and in attenda-tce: Ifustin Murray Garth Coursen Lesley Pedde Steve White Cedric Edwards The following members were absent: Ted Gibbs President (City of Schertz) Vice-President (City of Cibolo) Secretary (City of Cibolo) Treasurer (City of Schertz) Ex-Officio (City of Schertz) Constituting a majority of the persons appointed to the Board and a quorum for the transaction of business, and notice of such meeting havi ing been duly given 'in accordance with the provisions of Texas law. Also "in attendance were: City Manager (City of Schertz) Public Works (City of Schertz) Director of Public Works (City of Cibolo) Office Administrator Administrative Tech rfiII11111111111 ........... sfel 9! F I 14 to! 14 111 = Q Is I I i I VA S. I 10. _11 a a 1, 1 u 2 a o 1112 % a I I [I I I a 01 VICITZMA11 em The second order of bu. * , as ■ . The it order of business was Public Comment. Presentation of Pen Set to Steve to for appreciation of service on the CVLGC Board. Announcement of Angie Klemischinidt resignation. The fourth order ■ business was Annroval ■ Minutes fot• FgbrqA01$_" Board Meg6og-Migmigs Treasurer White made a motion to approve the February 28, 2018 Board Meeting minutes as presented. Secretary Pedde seconded the motion. Upon a vote being cafted, the motion carried by unanimous decision. The fifth order of business was the Executive Directofa Report — Amber Beard Exe !putive Director. _,cuti Mrs. Beard's written report was mcludedm' the board packets. Mrs. Beard added the following items to his written report: 1 '17/ " 19 8: � 6: 1 X N1 SIGN-ED 0111GUNJALN), I Investmeg-tArp The 'investment report was 'included in the board packet. Tice President Coursen made a motion to approve the investment report for the quarter ending - March 31, 2019 with Secretary Pedde seconding. Upon a vote being called, the motion carried by unanimous decisio.-f.. b. Reimbursement to the SSLGC in accordance with the Management Sqnjces�b,reemgpt for the 'tice President Coursen made a motion to approve the reimbursement to the SSLGC in the amount- of $16,800.11 with Secretary Pedde seconding. Upon a vote being called, the motion carried by unanimous decision. f Annual Audit Finandcidftort Q-.-)tember 30 2018 - Ki Roach— Copies of the CVLGC FY2017-2018 Audit Report were provided in the board packets. Mrs. Kim Roach with Armstrong, Vaughan & Associates, P.C., presented an overview of the report. Highlights of the FY2017-201 8 report are as follows: combined with the Unrestricted amount of $236,561, which was the cash balance less the account payables, yielded the Total Net Position of $1,869,651. Mrs. Roach moved on to page 8 Statement of Revenues, Expenses and Changes in Net Position for the Year Ended September 30, 2018 and the Period from July 28, 2011 (Date of miception) to September 30, 2018 (this was done due to the fact that CVLGC was still 'in development stage). The Total Operations & Maintenance E,%penses for FY2018 were $197,649. Total Otber Operating E.%penses were the Water Lease Royalty Payments, which totaled $275,813. The Total Operating Expenses for FY2018 were $587,764. Secretary.teacte macte a motion to accept Itie 1 I a -dii-Aeport as presented by lArs. Aim Roach of order Armstrong, Vaughan & Associates, P.C. Treasurer White seconded the motion. Upon a vote being called, the motion carried by unanimous decision. The gjahth of •; 1 • • r r' ••, r Director Mrs. Beard advised the board that CVLGC staff is actively working with both cities on completing a Purchasing Policy. ♦, • t r �. . 1. ;. i eleventh The order of business was location/undate r of ♦ tential Well Sites — Amber Bearc Execgti ive r Session Executive .m m.:- d,: r it placed The thirteenth order of business was Consideration and!or Action QA.X-LWW on •. ➢ The next regular board meeting was scheduled for Thursday, May 23 @ 9 at City of ce A Purchasing Policy ➢ Joint Meeting Presentation of :4. s..., 71— .a 18 AIVI SI NF,I) 4"�'�IGI fib. kr.'sf: 11 1 1 � I I OR —4y See Amber Beard, Executive Director Lesley eddV retary 4 of 4 NUNUTIIFF'S 04,125`2C19 (4 Datc hirwd: 3/ 8:21:39 AN,! STGINF.D OTUGNAL(S)� I