HomeMy WebLinkAbout10-15-14 Agenda Packet Pasco Public Facilities District
Building Regional Facilities through Community Partnerships
October 15, 2014
4:00 p.m.
Pasco City Hall - Conference Room #1
AGENDA
1. Call to order and roll call
2. Approval of minutes:
* Regular Meeting July 16, 2014
3. Claims Approval:
* 3rd Quarter 2014: $109,789.12
4. Financial Report:
* 3rd Quarter:
• Operating Statement
• Net Assets Statement
5. Training:
Open Public Meetings Act(new legal requirement).
6. Old Business:
7. New Business:
• Report on pending property sale: Sandifur Parkway
• Update on TCRPFD
8. Other Business:
9.Adjournment
(* indicates documents mailed with agenda)
PUBLIC FACILITIES DISTRICT BOARD
July 16,2014
MINUTES
Call To Order:
The meeting was called to order at 4:00 p.m., by PFD Vice President Leonard Dietrich, in
Conference Room#1 at Pasco City Hall.
Roll Call:
Board Members Present: Leonard Dietrich, John Merk (via teleconference) and Craig
Maloney.
Board Members Excused: Spence Jilek and Mark Morrissette,
Also Present: Stan Strebel, Acting PFD Chief Administrative Officer and Lee Kerr, City
Attorney.
Approval of Minutes:
It was motioned by Mr. Maloney, seconded by Mr. Merk, and carried to approve the
minutes of the April 23,2014 Regular Meeting.
Claims Approval:
Mr. Strebel presented the revised first quarter Claims and provided brief explanation of the
TCH invoices.
Mr. Strebel presented second quarter Claims History. Following discussion, it was motioned
by Mr. Maloney seconded by Mr. Merk and carried to approve payment of second quarter
claims in the total amount of$92,279.02.
Financial Report:
Mr. Strebel presented the second quarter Operating Statement reflecting Total Sources of
Funds $193,234.00 and Total Uses of Funds $193,183.00. The second quarter Net Assets
Statement was also presented reflecting an actual Net Asset balance of $47,575.00.
Following discussion, the Financial Report was accepted as presented.
Old Business:
Follow up of items from 4/23 meeting:
Q: Is there an option to package multiple projects to achieve the required cost threshold?
o A: No; $10 million applies to each project.
Q: Do the by-laws for the Pasco PFD designate a CAO?
o A: No; see attached.
PUBLIC FACILITIES DISTRICT BOARD
Minutes—July 16,2014
Page- 1
Q; How long does the term for the agreement with Kennewick for the Convention Center
tax funding run?
o A: Until December 2027
Mr. Strebel provided explanation to the follow up items as written above.
Following Board Member discussion, Mr. Strebel was shown appreciation for the response
and information presented.
New Business:
Regional Public Facilities District and their future role.
Mr. Strebel explained that in June of this year the officers of the Regional PFD had
established a subcommittee to investigate the possible formation of a task force designed to
bring new and greater public involvement into the process of determining future projects of
the TCRPFD. Said Subcommittee was charged to invest if there was a new approach needed.
Mr. Maloney shared comments heard during the last Convention Center Advisory Board
meeting.
Board Member discussion followed.
Other Business
None
Adjournment:
There being no other business, Vice President Dietrich adjourned the meeting at 4:18 p.m.
Mark Morrissette, President Debra L. Clark, PFD Secretary
PUBLIC FACILITIES DISTRICT BOARD
Minutes—July 16,2014
Page-2
CITY OF PASCO-PRODUCTION
Payment Register
From Payment Date:71112014-To Payment Date: 913012014
Transaction
Number Date Source Payee Name Amount
Check
199778 81612014 Accounts Payable KERR LAW GROUP $165.00
199673 7131/2014 Accounts Payable KENNEWICK PUBLIC FACILITIES DISTRICT $37,962.85
200110 8/2912014 Accounts Payable KENNEWICK PUBLIC FACILITIES DISTRICT $35,833.35
200531 9/30/2014 Accounts Payable KENNEWICK PUBLIC FACILITIES DISTRICT $32,863.03
199501 7/21/2014 Accounts Payable TRI CITY HERALD ($35.11)
Type Check Totals: 5 Transactions $106,789.12
JE-2094 711/2014 Journal Entry CITY OF PASCO $1,000.00
JE-2221 8/1/2014 Journal Entry CITY OF PASCO $1,000.00
JE-3054 9/1/2014 Journal Entry CITY OF PASCO $1,000.00
$3,000.00
All Types Totals: $109,789.12
10/14/2014 1:28 PM \\nu\home\ACS-FinanceUargec\Documents\Copy of Qtr 3-Sept 2014 Pasco Public Facility District.)dsx
PASCO PUBLIC FACILITIES DISTRICT
BALANCESHEET
As of September 30, 2014
ASSETS
Cash $ 85,184
Sales Tax Receivable 29,212
TOTAL ASSETS 114,396
LIABILITIES
Accounts Payable 64,938
TOTAL LIABILITIES 64,938
TOTAL NET ASSETS $ 49,458
\WU\Finance\ACCOU"NG LEAD(TREASURY)\Report-PASCO PUBLIC FACIL DISTR-DM 014\Qtr3-Sept 2014 Pasco Public Facllrty DIah10LR
PASCO PUBLIC FACILITIES DISTRICT
STATEMENT OF REVENUES, EXPENDITURES & CHANGES IN FUND BALANCE
Year to Date Ending September 30, 2014
Annual
2014 2014
Budget Actual
REVENUES
Sales Tax $ 330,000 $ 292,730
Transfers In- City of Pasco 20,000 15,000
Interest Income 95 40
Total Revenues $ 350,095 $ 307,770
EXPENDITURES
Advertising/Publications $ 1,000 $ 68
Legal Services 1,000 525
Kennewick PFD 330,000 292,730
Professional Services 20,000 715
Insurance 2,800 2,798
Administrative Services 12,000 9,000
Total Expenditures 366,800 305,836
Net Change in Fund Balances (16,705) 1,934
Beginning Fund Balance, January 1 47,233 47,524
Ending Fund Balance $ 30,528 $ 49,458
MUTinance)ACCOUNTING LEAD(TREASUR1)1Report-PASCO PUBLIC FACIL DISTR-DM12014\Qtr 3-Sept 2014 Pasco Public Facility Dizbic xl x