03-21-2019 MinutesMINUTES OF THE
Q LOCAL GOVERNMENT i. i i'
THE STATE OF
COUNTY i
1
O W9Ue1V e
1 r. • 1 -• • • • r• ,r•,
Texas. The following board members being present and in attendance:
Robin Dwyer President
Charles Kelm Vice- President
David Reiley
Secretary
Treasurer
Assistant Secretary
Ex- Officio
Ex- Officio
RTN 1r. •
City Manager (City of Seguin)
Assistant City Manager (City of :Seguin)
Director of Water/Wastewater Utilities (City of Seguin)
Director of Finance (City of Seguin)
• • • •
Manager General
Operations
Manager
Office Adtuinistrato
r, r ,• r• r r
There were no • r •
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SSLGC MINUTES 03/21/2019 (5 Pages) N _ c i" ' _; ' ^h.
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President Dwyer made a motion to approve the February 1
Secretary Dodge Dodgen seconded Upon a vote being called, the motion d by si
decision.
i i i r iTm "
Mr. Pedraza briefed on issues identified and current work in progress
The sixth order of business was Presentation of FY2'17-
Copies of the SSLGC FY2017-2018 Audit Report were provided in the board packets. Ms. Roach wit
Armstrong, Vaughan & Associates, P.C., presented an overview of the report. Highlights of th
FY2017-2018 report • •
s
She • -. to Page 9, Total a $6,600,000 . and $160,000,000 Lon
g Term Li
resulting in TotalLiabiO4 being $167,000,000 $21,000,000 o Position.
total Ms. Roach advised that there was a negative in Net Investment in Ca
pitalAssets. That number represents
the r liabilities •• fund those a•
reason The -« because the depreciation •` on r
of
SSLGG MINUTES 03 %21/2019 (5 Pages) SIGNED ORIGINAL(S): 1
Date/Time Printed: 4/18/2019 5:16 AEI aek
accelerating faster that the principal pay down of the debt; she expected that would reverse at some
point. The Unrestiiaed Net Position $15,700,000 compared to $11,800,000 s • net position
in 1
Ms. Roach called attention to the Governance Letter. Ms. Roach advised that the one audit difference
that, expenses were underestimated by $31,000 as vacation accruals are note billed as part of the
ManagTement Services Agreement until -,vaid. Also construction in �uogress was understated b)knU,;3,1 00
related to retaiage that was not recorded on multiple projects. Ms. Roach also advised that SSLGC
was in compliance regarding the Public Funds Investments Act (PFIA).
Assistant Secretary Dodgen made a motion to accept the FY2017-2018 Audit Report as
presented by Armstrong Vaughan & Associates. Treasurer Greenwald seconded. Upon a vote
being called the motion • by • decision.
A copy ot a memo trom the City ot !Segum was included in the board packet. ITIs. Caddel explained
that the corporation will have their own policy with TML. I
President r e a motion to authorize the General Manager to Accept
Intergovernmental Risk Pool Liability and Property Proposal. _ - _ r f;r
Upon a vote being called the motion • by r decision.
of
SSLGC MINUTES 03/21/2019 (5 Pages) SIGNED ORIGINAL(S): 1
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fiffl — Patrick Lid
ara�
4 of 5
SSLGC MINUTES 03/2112019 (5 Pages) SIGNED ®RIGINAL(S): 1
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order of i `
:The sixteenth
MINUTES APPROVED THIS 181h DAY
.4 6� -
David Reiley, Secretary 4
of 5
SSLGC TvIINUTES 03/21/2019(5 Pages) SIGNED ORIGINAL(S): 1
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