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05-19-2022 MinutesN M SCHERTZ /SEQUIN LOCAL GOVERNMENT CORPORATION THE STATE OF TEXAS COUNTY OF GUADALUPE SCHERTZ/SEGUIN LOCAL GOVERNMENT CORPORATION On this the 19' day of May, 2022 the Schertz /Seguin Local Government Corporation (SSLGC) convened at 1 :30 PM at SSLGC Administrative Building located at 108 W. Mountain Street, Seguin, Texas. The following board members being present: Robin Dwyer Vice - President 'chard Braud Treasurer Jack Hamlett Secretary Richard Dziewit Assistant Secretary David Scaghola Ex- Officio Donna Dodgen Ex- Officio The fallowing members were absent: Dudley Wait President constituting a majority of the persons appointed to the Board and a quorum for the transaction of business, and notice of such meeting having been duly given in accordance with the provisions of Texas law; Also in attendance were: Steve Parker City Manager (City of Seguin) Rick Cortes Deputy City Manager (City of Seguin) Mark Browne City Manager (City of 5chert7) Charles Kelm Assistant City Manager (City of Schertz) Patrick Lindner General Counsel(Davidson, Troilo, Ream & Garza) Tim Howe Director of Water /Wastewater (City of Seguin) Susan Caddell Finance Director (City of Seguin) Suzanne Williams Director Public Works (City: ofSchert7) Stephen Mayfield Public Works (City of Schertz) Joe Jenkins Consultant (Walker Partners) Bill Klemt Consultant Nathan Cobler Ki ley -Horn Dan Jackson Willdan Will Temple Consultant (phone) Justin Murray - Citizen Amber Beard General Manager (SSLGC) Daniel G. Myers Operations Manager (SSLGC) Derrik Wesch Superintendent (SSLGC) Clarissa Barrientes Office Administrator (SSLGC) The first order of business was to Ca the eetin* to r er Vice President Dwyer called the meeting to order at 1:37 PM of SSLGC MINUTES 5/19/2022(5 Pages) i Date /Time Printed: 6 /14/2022 2 :45 PM for the SAWS I &S Fund. Behind those, the comparative statement for the SSLGC Operating Fund as well as the working capital chart, Mrs. Caddell first reviewed the balance sheet for the SSLGC funds. The first column is for the Operating Fund. This fund consists of cash and investments of $4, 080, 377.85. The second column is for the balance of the SWIRFT funds. The cash and investment balance in this fund is now up to $28,704,560.10. In November, another $8 million was released from escrow. About halfway down the first page, are the amounts still held in escrow for the SWIRFT Funds which is now $10,976,757.51. The third column is for the Interest and Sinking Fund. The cash and investment balance in this fund is $978,404.06. The first bond payments of the year were made in February. The fourth column is for the Repair and Replacement Fund. The cash and investment balance is now $7,663,758.35. The fifth column is for the Future Development Fund. The cash and investment balance is $2,652,232.08. The sixth column is for the Impact Fund. The cash and investment balance in this fund is $5,626,337.42. The seventh column is for the Reserve Fund. The required amount to maintain in the Reserve Fund according to bond covenants is $1, 275, 621.10; The cash and investment balance in this fund is $1,363,203.80. The eight column is the 2010 Bond Fund. All the funds have now been spent out of this fund. The ninth column is for the Rate Stabilization Fund. The cash and investment balance in this fund is $1,527,593;11. Mrs. Caddell reviewed the income statement for the SSLGC funds. The first column was the Operating Fund. The net income before transfers is $682039.51. After the budgeted transfers to the Repair and Replacement Fund and the Future Development Fund, the net income is $257,039.51. The second column was income statement for the SWIRFT funds. The expenditures are for the construction for the parallel pipeline project and the Guadalupe project. The third column was 1&S Fund. As mentioned earlier, the first bond payments of the year were made in February. The fourth column is for the Repair and Replacement Fund. The expenditures which have occurred in this fund are for repairs to wells, the 18" water main bridge crossing project, the pressure filter rehabilitation project and annual survey of the cathodic protection project. The fifth column is the Future Development Fund. The expenditures in this fund are the owner's representation services, the water model and for the Senate Bill 3 Emergency Preparedness Plana The sixth column is the Impact Fund. The expenditures in this fund are for the SSLGC /C WA water interconnects project and the Schertz additional point of delivery project. The eighth column is interest earnings in the Rate Stabilization Fund. The total column indicates net loss of $11, 477,095.71. This includes the SWIRFT funds with a net loss of $14, 296,017.57. When net loss is removed, the total net income is $2;818,921.86. Next, was the report for the budgetary comparison of the operating fund. All categories are under budget. As indicated earlier, the reports following the SSLGC Fund reports are those for the SAWS I&S Fund. The Comparative Income Statement for the Operating Fund were located towards the back of the report. Revenue has decreased by $ 108, 637.37, with the largest decrease being sales to Schertz. Their consumption has dropped by 62,92 million gallons from this time last year. Expenditures have increased by $663,203.50, with the largest increase to Utilities Services of $ 205,441.91. Electric increased by $ 205, 209.58. The net income before transfers decreased from last year by $771,840.87. Finally, the working capital trend chart. Working capital has decreased since December 31, 2021, by $12,190,600. Which was largely due to spending down the SWIRFT funds and making the first bond payments of the year. Please note that the escrow funds for the SWIRFT funding were not included in this calculation. - 'den rove SSLGC1s Financial St te Vice Presi t D er made a motion to a a ments fort Contract seconded. Upon a vote being called, the motion carried by unanimous decision. The eighth order of business was Ratification of Repairs on Well #8 Utilizing Annua f r Well Maintenance Services with Weisinger Incorporated — Amber Beard, Manager ; Daniel G. Myers P.E., Operations Resolution R22-05 A copy of the invoice and resolution related to this agenda item were included in the board packet. Vice-President Dwyer made a motion to approve Resolution # SSLGC R22-05. Secretary Hamlett seconded. Upon a vote being called, the motion carried by unanimous decision. The nineth order of business was LeziWative UiDdate - Bil1v Phenix. Phenix Governmental Affairs • Amber Beard, Temple gave an update. The tenth order ' of business was Wholesale } #. Beard, General Manager •General , Beard gave an update Jr., Assistant General Manage Mrs. Beard gave an update on this item. The twelfth } a order of business President tabled Item to the next Board meeting. The t } of business t called under Chavrer 551 Government Code. Section 551.071. to seek the advice of its attornev on legal mawsa-a-,�Pr�a-551AV.