I hereby certify that the following agenda

was posted at least 72 hours prior to the time

of the meeting so noticed below at 24251 Los                                                                              

Alisos Boulevard, Lake Forest, California.

                                                                               

                                                                                                                                               

Robert R. Hill, Assistant Secretary of the

El Toro Water District and the Board of

Directors thereof

 

AGENDA

 

EL TORO WATER DISTRICT
ENGINEERING AND

FINANCE/INSURANCE

AND

PLAN ADMINISTRATOR

MEETING

 

JUNE 26, 2007

7:30 A.M.

 

CALL TO ORDER – Chairman Goldman

 

PLEDGE OF ALLEGIANCE – Director Dudley

 

ORAL COMMUNICATION/PUBLIC COMMENT

Members of the public may address the Committee at this time or they may reserve this opportunity with regard to an item on the agenda, until said item is discussed by the Committee.  Comments on other items will be heard at the time set aside for “COMMENTS REGARDING NON-AGENDA ITEMS.”  The public will identify themselves when called on and limit their comments to three minutes.

 

ENGINEERING COMMITTEE

June 26, 2007

 

1.         Approval of Minutes

 

The Engineering and FIC Committee will consider approving minutes for the May 22, 2007 Engineering/Finance and Insurance Committee Meeting, the May 22, 2007 Plan Administrator Meeting, and the June 14, 2007 Audit Committee Minutes.

 

Recommended Board Action at the June 28, 2007 Meeting: Approve minutes for the May 22, 2007 Engineering/Finance and Insurance Committee meeting, the May 22, 2007 Plan Administrator meeting, and the June 14, 2007 Audit Committee Minutes and place on the Engineering, Finance/Insurance approval list for the June 28, 2007 meeting of the Board of Directors.

 

Committee Recommendation: The Committee will consider placing this item on the Engineering and Finance/Insurance Committee approval list for the regular meeting of the Board of Directors.

 

ENGINEERING ACTION ITEMS

 

2.         Baker Plant Regional Treatment Facility (Reference Material Included)

 

Staff will review and comment on the status of the Baker Plant Project including a proposed Pilot Study.  The District’s share of the Pilot Study and ancillary costs, based on the percentage participation defined in the existing MOU, is $81,408.  Staff will also provide a presentation outlining the costs and benefits associated with purchasing capacity in the Baker Plant.

 

Recommended Action at the June 28, 2007 Board Meeting:

 

Staff recommends that the Board of Directors authorize the President and Secretary to execute Amendment No. 2 to the Memorandum of Understanding with the participating agencies.  Staff further recommends that the Board authorize the General Manager to fund the project costs from Capital Reserves in accordance with the District’s adopted Capital Reserve Policy.

 

Committee Recommendation: The Committee will consider placing this item on the Engineering and Finance/Insurance Committee approval list for the regular meeting of the Board of Directors.

 

3.         Hydroexcavator Dump Facility (Reference Material Included)

 

Staff will review and comment on the award of a contract to KB Landscape to construct a Hydroexcavator dump facility at the ETWD Maintenance Yard.  The adopted 2006/2007 budgeted allocation for the dump facility project is $15,000.

 

Recommended Action at the June 28, 2007 Board Meeting:

Staff recommends that the Board of Directors authorize the District’s President and General Manager to enter into a contract with KB Landscape in the amount of $42,175 for the construction of the Hydroexcavator Dump Facility.  Staff further recommends that the Board authorize the General Manager to fund the project costs from the District’s Capital Reserves in accordance with the District’s adopted Capital Reserve Policy.

 

Committee Recommendation: The Committee will consider placing this item on the Engineering and Finance/Insurance Committee approval list for the regular meeting of the Board of Directors.

 

4.         Field Office Expansion Project (Reference Material Included)

 

Staff will review and comment on the award of an architectural contract to David Evans and Associates in the amount of $23,700 to develop alternative construction plans and specifications for the Field Office Expansion Project.

 

Recommended Action at the June 28, 2007 Board Meeting:  Staff recommends that the Board of Directors ratify the General Manager’s action to authorize award of an architectural contract to David Evans and Associates in the amount of $23,700 to develop alternative construction plans and specifications for the Field Office Expansion Project.

 

Committee Recommendation: The Committee will consider placing this item on the Engineering and Finance/Insurance Committee approval list for the regular meeting of the Board of Directors.

 

ENGINEERING GENERAL INFORMATION ITEMS

 

5.         El Toro Water District Capital Project Status Report

            (Reference Material Included)

 

Mr. Cafferty will review and comment on the El Toro Water District Capital Project Status Report.

 

6.         Engineering Items Discussed at Various Conferences and Meetings

 

            The Committee will discuss any pertinent Engineering items discussed at Conferences.

 

COMMENTS REGARDING NON-AGENDA ENGINEERING COMMITTEE ITEMS

 

CLOSE ENGINEERING COMMITTEE MEETING

 

 

PLAN ADMINISTRATOR MEETING

June 26, 2007

At this time President Martin will call the meeting of the Plan Administrator of the El Toro Water District's 401(k) Retirement Savings Plan to order.

 

7.         401(k) Retirement Savings Plan (Reference Material Included)

 

Staff will review and comment on the amended and restated El Toro Water District 401(k) Retirement Savings Plan. 

 

Recommended Board Action at the June 28, 2007 Board Meeting: The Board will consider adoption of Resolution No. 07-6-1 approving the amended and restated El Toro Water District 401(k) Retirement Savings Plan.

 

Committee Recommendation: The Committee will consider placing this item on the Engineering and Finance/Insurance Committee approval list for the regular meeting of the Board of Directors.

 

RESOLUTION NO. 07-6-1

 

RESOLUTION OF THE BOARD OF DIRECTORS

OF THE EL TORO WATER DISTRICT

ADOPTING THE AMENDED AND RESTATED

EL TORO WATER DISTRICT

RETIREMENT SAVINGS PLAN

[401(k) Plan]

 

CLOSE PLAN ADMINISTRATOR MEETING

 

REGULAR SESSION

 

 

FINANCE/INSURANCE COMMITTEE MEETING

June 26, 2007

 

CALL MEETING TO ORDER –Chairman Martin

 

TREASURER ACTION ITEMS

 

8.         Financial Package - Authorization to Approve Bills for Consideration dated June 26, 2007 and Receive and File Financial Statements as of May 31, 2007 (Reference Material Included)

 

Staff will review and comment on the Bills for Consideration dated June 26, 2007 and Financial Statements as of May 31, 2007.

 

Recommended Board Action at the June 28, 2007 Board Meeting: Staff recommends that the Board: 1) Approve, ratify and confirm payment of those bills as set forth in the schedule of Bills for Consideration dated June 26, 2007, and 2) receive and file the Financial Statements for the period ending May 31, 2007 and place on the Engineering, Finance/Insurance approval list for the June 28, 2007 meeting of the Board of Directors.

 

Committee Recommendation: The Committee will consider placing this matter on the Engineering/FIC Committee recommended approval list for the regular meeting of the Board of Directors.

 

9.         Cost of Living Adjustment (COLA) (Reference Material Included)

 

Staff will review and comment on the May 31, 2007 Consumer Price Index (CPI) for the Los Angeles - Riverside - Orange County area and discuss a proposed Cost of Living Adjustment (COLA) for the District’s employees for fiscal year 2007/08.

 

Recommended Board Action at the June 28, 2007  Board Meeting: The Committee will consider taking action approving a Cost of Living Adjustment (COLA) for the District’s employees for fiscal year 2007/08.

 

Committee Recommendation: The Committee will consider placing this matter on the District’s Finance and Insurance Committee’s recommended approval list for the regular meeting of the Board of Directors.

 

10.       Amendment No. 3 to the El Toro Water District 457 Deferred Compensation Savings Plan – Resolution No. 07-6-2

(Reference Material Included)

 

Staff will review and comment on Amendment No. 3 to the District’s 457 Deferred Compensation Savings Plan.

 

Recommended Action at the June 28, 2007 Board MeetingThe Board of Directors will consider approving Resolution No. 07-6-2 which adopts Amendment No. 3 to the District’s 457 Deferred Compensation Savings Plan.

 

Committee Recommendation: The Committee will consider placing this matter on the District’s Finance and Insurance Committee’s recommended approval list for the regular meeting of the Board of Directors.

 

RESOLUTION NO. 07-6-2

 

RESOLUTION OF THE BOARD OF DIRECTORS

OF THE EL TORO WATER DISTRICT

ADOPTING AMENDMENT NO. 3 TO THE

EL TORO WATER DISTRICT

457 DEFERRED COMPENSATION SAVINGS PLAN

 

11.       South Coast Water District Joint Regional Water Supply System (JRWSS) Fiscal Year Budget 2007/08 (Reference Material Included)

 

Staff will review and comment on the proposed Joint Regional Water Supply System (JRWSS) fiscal year 2007/08 budget.  The JRWSS delivers water from the MWD system to numerous South County Agencies.  Capacity Ownership and the Operation and Maintenance (O&M) of the JRWSS is administered in accordance with the terms and conditions of a Joint Powers Agreement (JPA).

 

ETWD, as a member agency and capacity owner in the JRWSS, is obligated to pay its proportionate share of Capital and O&M costs as delineated in the proposed JRWSS 2007/08 Budget.  Staff has reviewed and incorporated the elements of the JRWSS budget, which directly impact ETWD into the ETWD’s 2007/08 Budget.

 

Recommended Board Action at the June 28, 2007 Meeting:  Staff recommends approval of the proposed 2007/08 JRWSS budget as submitted and incorporated into the ETWD 2007/08 Budget.  Staff further

recommends that upon such approval, written notification of such action be prepared and submitted to the JRWSS.

 

Committee Recommendation: The Committee will consider placing this matter on the District’s Finance and Insurance Committee’s recommended approval list for the regular meeting of the Board of Directors.

 

12.       South Orange County Wastewater Authority (SOCWA) 2007/08 Budget Approval (Reference Material Included)

 

Staff will review and comment on the proposed South Orange County Wastewater Authority (SOCWA) Fiscal Year 2007/08 Budget.  The SOCWA is a Joint Powers Authority (JPA) created for the purpose of providing wastewater treatment, disposal and water reclamation services to its Member Agencies through various General and Project Committees.

 

ETWD, as a member agency and capacity owner in SOCWA, is obligated to pay its proportionate share of Capital and O&M costs as delineated in the proposed SOCWA 2007/08 Budget.  Staff has reviewed and incorporated the elements of the SOCWA Budget, which directly impact ETWD into the ETWD's proposed 2007/08 budget.

 

Recommended Board Action at June 28, 2007 Meeting:  Staff recommends approval of the proposed 2007/08 SOCWA Budget as submitted and incorporated into the ETWD 2007/08 Budget.  Staff further recommends that upon such approval, written notification of such action be prepared and submitted to SOCWA.

 

Committee Recommendation:  The Committee will consider placing this matter on the Finance and Insurance Committee's recommended approval list for the Regular meeting of the Board of Directors.

 

13.       Annual Agreements Exceeding $20,000 - for Fiscal Year 2007-08 (Oral Report)

 

Mr. Grandy will discuss issuing Purchase Orders for goods and services that exceed $20,000.  The purpose for entering into annual agreements with these vendors is to achieve the best prices for the goods and services.  While the cost of individual goods or services may be modest, the cumulative effect of an annual contract exceeds the authority of staff to enter into such an agreement. 

 

Recommended Board Action at the June 28, 2007 Meeting: Staff recommends that the Board authorize the District's General Manager and Treasurer to execute Purchase Orders with the following vendors:  (1) Spectrum Landscape not to exceed $84,000, and (2) Lou Rose Services (janitorial) not to exceed $29,000.

 

Committee Recommendation: The Committee will consider placing this matter on the District’s Finance and Insurance Committee’s recommended approval list for the regular meeting of the Board of Directors.

 

14.       El Toro Water District’s Quarterly Audit Report for January, February, and March 2007 (Reference Material Included)

 

Staff will review and comment on Caporicci & Larson’s Quarterly Audit Report of ETWD’s Financial Statements for the period January 1, 2007 through March 31, 2007.

 

Recommended Board Action at the June 28, 2007 Board Meeting:  The Committee will consider receiving and filing Caporicci & Larson’s Quarterly Audit Report of ETWD’s Financial Statements for the period January 1, 2007 through March 31, 2007.

 

Committee Recommendation: The Committee will consider placing this matter on the Engineering, FIC Committee recommended approval list for the Regular meeting of the Board of Directors.

 

TREASURER INFORMATION ITEMS

 

15.       Employee 457 Deferred Compensation Savings Plan (Oral Report)

 

Staff and General Counsel will review and compare Plan Management and Operation roles and fiduciary responsibilities for the Employee 457 Deferred Compensation Savings Plan and the 401(k) Retirement Savings Plan.

 

Comments Regarding Non-Agenda FIC Items

 

CLOSE FINANCE AND INSURANCE COMMITTEE MEETING

 

ADJOURNMENT TO 7:30 a.m. Tuesday July 24, 2007

 

Request for Disability-Related Modifications or Accommodations

 

If you require any disability-related accommodation, including auxiliary aids or services, in order to participate in this public meeting, please telephone the District's Recording Secretary, Polly Welsch at (949) 837-7050, extension 225 at least forty-eight (48) hours prior to said meeting.  If you prefer, your request may be submitted in writing to El Toro Water District, P.O. Box 4000, Laguna Hills, California 92654, Attention: Polly Welsch.