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Home My WebLink About10-21-15 Pasco PFD Board Agenda PacketPasco Public Facilities District Building Regional Facilities through Community Partnerships October 21, 2015 4:00 p.m. Pasco City Hall - Conference Room #1 AGENDA 1. Call to order and roll call II. Approval of minutes: * Regular Meeting July 15, 2105 III. Claims Approval: * 3rd Quarter 2015: $122,163.70 IV. Financial Report: * 3rd Quarter: • Statement of Revenues, Expenditures and Changes in Fund Balance • Balance Sheet V. Old Business: VI. New Business: * PFD Board Member History, 2002 -Present: Election of Officers • President • Vice President • Secretary/Treasurer VII. Other Business: 1. Discussion with City Council representatives to Regional PFD (Matt Watkins, Rebecca Francik and Saul Martinez) VIII. Adjournment (* indicates documents mailed with agenda) PUBLIC FACILITIES DISTRICT BOARD July 15, 2015 MINUTES Call To Order: The meeting was called to order at 4:00 p.m., by PFD President Morrissette, in Conference Room #1 at Pasco City Hall. Roll Call: Board Members Present: Craig Maloney, Spence Jilek, Mark Morrissette and Caroline Bowdish. Excused Absence: Leonard Dietrich Also Present: Stan Strebel, Deputy City Manager and Lee Kerr, Attorney. President Morrissette requested staff provide a brief history of the Public Facilities District as well as introductions of all individuals present for the benefit of Ms. Bowdish. Mr. Strebel provided PFD history and introductions were made. Approval of Minutes: It was motioned by Dr. Jilek, seconded by Mr. Maloney, and carried to approve the minutes of the April 22, 2015 Regular Meeting. Abstain: Ms. Bowdish. Claims Approval: President Morrissette presented second quarter Claims History. Following discussion, it was motioned by Dr. Jilek seconded by Mr. Maloney and carried to approve payment of second quarter claims in the total amount of $106,695.29. Financial Report: President Morrissette presented the second quarter Operating Statement reflecting Total Sources of Funds $150,793.00 and Total Uses of Funds $148,472.00. The second quarter Net Assets Statement was also presented reflecting an actual Net Asset balance of $51,632.00. Following discussion, the Financial Report was accepted as presented. Old Business: Proposed Path Forward for Pasco PFD Project Selection Mr. Maloney provided background and an update regarding the Visioning Group meetings. He further shared the Visioning Group had hired New Edge a consulting firm working on a visioning effort regarding economic development opportunities within Pasco. PUBLIC FACILITIES DISTRICT BOARD Minutes — July 15, 2015 Page - 1 President Morrissette stated at the April 27, 2015 City Council Workshop he had presented the Pasco Facility District Annual Report; at that meeting Council had shared a desire to meet with the PFD for an open discussion regarding ideas. Mr. Maloney shared the PFD may want to present a path forward by developing a list of options for Council consideration. Mr. Strebel stated he would follow-up with the City Manager. New Business: Reminder that Board should conduct its Election of Officers at the October 21 meeting Mr. Strebel provided Board Members with a reminder of the need to conduct elections at the October 21 meeting. Dr. Jilek requested from staff a listing of the board member names, positions and terms of appointment. Mr. Strebel stated he would direct staff to provide the requested information prior to the October 21 meeting. Other Business None provided. Adjournment: There being no other business, President Morrissette adjourned the meeting at 5:11 p.m. Mark Morrissette, President Debra L. Clark, PFD Secretary PUBLIC FACILITIES DISTRICT BOARD Minutes — July 15, 2015 Page - 2 `• ¥P■» a@am ,,# g;---, ;)%§9999 ■ �� - § §§! §dk ))) ((§ / /zz § `k■ ||§ )kk § §§§ k ||! --- r ) � k www www www wwwwww \ k \\)) § )` ƒ f ! i \ ! ! ! )§§§ f£a] )@■■ | |■ | |�kk )|B§ § !ISO | !| ■ ■;■_ ■,§, i @|_§ ■: q■!® #;!/ �|!! �|�!!k �waakk �§_! ! - ■kk§§■k 4§ e!n§ ■k■■kkk ! PASCO PUBLIC FACILITIES DISTRICT STATEMENT OF REVENUES, EXPENDITURES & CHANGES IN FUND BALANCE Year to Date Ending September 30th, 2015 Current YTD Annual Period 2015 2015 Account Description Acitivity Actual Budget REVENUES Sales Tax City of Pasco Grant Interest Income Total Revenues EXPENDITURES Advertising/Publications Legal Services Kennewick PFD Professional Services Insurance Administrative Services Total Expenditures Net Change in Fund Balances Beginning Fund Balance, January 1 Ending Fund Balance $ 118,255 $ 259,046 $ 3701000 5,001 15,003 20.000 Variance % Received/ Budget / YTD Used Actual Actual $ 110,954 70.01% 4,997 75.02% 100 0.00% 123,256 274,049 390,100 116,051.32 70.25% - 224 1,000 776 22.39% 180 180 1,000 820 18.00% 118,255 259,046 370,000 110,954 70.01% - - 10,000 10,000 0.00% 729 2,186 2,800 614 78.08% 3,000 9,000 12,000 3,000 75.00% 122,164 270,636 396,800 126,164.25 68.20% 1,092 3,413 (6,700) 10,113 250.94% 49,311 49,311 52,000 2,689 94.83% $ 50,403 $ 52,724 $ 45,300 $ (7,424) 116.39% PASCO PUBLIC FACILITIES DISTRICT BALANCE SHEET As of September 30th, 2015 ASSETS Cash $ 91,824 Prepaid insurance 729 TOTAL ASSETS 92,553 LIABILITIES Accounts Payable 39,829 TOTAL LIABILITIES 39,829 TOTAL NET ASSETS $ 52,724 Pasco Public Facilities District Board Member History 2002 -Present Position TERM NAME No APPOINTED EXPIRES NOTES Merk, John 1 7/14/2002 7/14/2003 Initial appointment to PFD Board Merk, John 1 2/17/2004 7/14/2007 continued to serve; failed to reappoint in 7/03 Merk, John 1 6/18/2007 7/14/2011 Merk, John 1 6/6/2011 7/14/2015 Reappointed w/o interview Bowdish, Caroline 1 5/4/2015 7/14/2019 Interviewed; initial appointment to PFD Board Morrissette, Mark 2 7/14/2002 7/14/2004 initial appointment to PFD Board Morrissette, Mark 2 7/6/2004 7/14/2008 Morrissette, Mark 2 6/16/2008 7/14/2012 Morrissette, Mark 2 6/18/2012 7/14/2016 Interviewed Jilek, Spence 3 7/14/2002 7/14/2005 initial appointment to PFD Board Jilek, Spence 3 6/20/2005 7/14/2009 hick, Spence 3 7/20/2009 7/14/2013 hick, Spence 3 7/15/2013 7/14/2017 Interviewed Tippett, Robert 4 7/14/2002 7/14/2006 Initial appointment to PFD Board Tippett, Robert 4 6/5/2006 7/14/2010 Tippett, Robert 4 7/6/2010 7/14/2014 Interviewed; resigned 11/12 Maloney, Craig 4 7/15/2013 7/14/2014 Interviewed; initial appointrnent to PFD Board Maloney, Craig 4 4/21/2014 7/14/2018 Reappointed w/o interview Dietrich Leonard 5 7/14/2002 7/14/2006 Initial appointment to PFD Board Dietrich, Leonard 5 6/5/2006 7/14/2010 Dietrich, Leonard 5 7/6/2010 7/14/2014 Interviewed Dietrich, Leonard 5 4/21/2014 7/14/2018 Reappointed w/o interview 7/15