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Home My WebLink About04.24.18 Agenda PacketPasco Public Facilities District Building Regional Facilities through Community Partnerships April 24, 2018 4:00p.m. Pasco City Hall -Conference Room #1 AGENDA I. Call to order and roll call II. Recognition of Visitors/Public Comments III . Approval of Minutes: * February 6, 2018 IV. Claims Approval: * 1st Quarter 2018: $130,323.30 V. Financial Report: * 1st Quarter: • Statement of Revenues , E xpenditures and Changes in Fund Balance • Balance Sheet VI. Reports from Committees: • Kennewick Convention Center Advisory Board • Report on Regional PFD • Report on Legislative Session VII. Old Business: VIII. New Business: IX. Other Business: X. Adjournment (* indicates docum en ts mail ed wi th agen da ) DRAFT PASCO PUBLIC FACILITIES DISTRICT BOARD FEBRUARY 6, 2018 MEETING MINUTES Call To Order: The meeting was called to order at 4:07 p.m., by PPFD President Morrissette, in Conference Room No. 1 at Pasco City Hall. Roll Call: Board Members Present: Spence Jilek, Carolyn Bowdish, Leonard Dietrich and Mark Morri ssette Staff Present: Stan Strebel, Deputy City Manager, Lee Kerr, City Attorney Visitor: Fred Lamothe Approval of Minutes: It wa s motioned by Mr. Jilek, s econded by Mr. Dietrich, and carried to approve the minutes of the October 17, 2017 Meeting. Claims Approval: Mr. Morri ssette presented fourth quarter Claims History. Following di scuss ion, it was motioned by Mr. Jilek, seconded by Ms. Bowdish, and carried to approve payment of fourth quarter claims in the tota l amount of $136,557.00. The payment register breakdown is for legal serv ices, a pass through to Kennewick PFD, Professional Services, Insurance and Administrative Services. Financial Report: Mr. Morri ssette presented the fourth quarter and calendar year 20 17 Operating Statement reflecting Budgeted Revenues of $446,000.00 and YTD Actual Revenues of $526,064.00. Budgeted Expenditures $453,500.00 and Actual Expenditures $526,657.00. No action required on thi s item, informational only. Mr. Strebel commented that there was a minor accounting error between sa les tax budget and sa les tax expenditures observed by Mr. Morrissette at the last board meeting and that has been corrected. The December 3 1, 2017 Balance Sheet reported net assets of $17,278.00. Following that discussion, the remainder of the Financial Report was accepted as presented. Reports from Committees: Mr. Morrissette asked if Ms. Bowdish attended the October Kennewick Convention Center Advisory Board meeting and she stated she did not. Old Business/New Business/Other Business: Mr. Strebel stated this year is a short legislative sess ion, just sixty days. Our lobbyist is continuing to advocate for a change to the Public Facilities Di strict legislat ion (allowing the Pasco PFD to construct and operate recreation facilities, as is allowed for the Regional PFD) that we did last year. Rep. Page-1 Jenkin's bill which passed out of committee from the House last year remained in play and did not need to be reintroduced. Rep. Haler introduced a bill that would have changed the Regional Public Facility District dramatically . The Haler bill was revised to be more like the bill that pa ssed out of committee last year. In the end, the cutoff date was Friday and the bill did not make it out of committee so it 's dead for this sess ion . Discussion followed. The Board requested the next PPFD meeting be rescheduled to Apri l 24, 2018 at 4:00 p.m. rather than April 17 , 20 18. Mr. Strebel noted the next Regional Public Facilities District Meeting is scheduled for Wednesday , February 21,2018 at 5:45p.m. at the Richland Community Center. Not sure what the Board will be discussing. The Regional Board had been waiting on the additional vote for The Link to happen. Mr. Strebel will be attending this meeting . The City representatives on thi s Board are Mayor Watkin s, and Councilmembers Craig Maloney and Saul Martinez . Also, with Mayor Pro-Tem Maloney now serving on the City Counci l, we are currently accepting applications for the vacancy on thi s Board. Mr. Kerr mentioned there is no decision on The Link funding, still an ongoing need, looking for other options. Adjournment: There being no other business, the meeting was adjourned at 4:29p.m. Mark Morrissette, President Daniela Erickson , PFD Secretary Page-2 CITY OF PASCO-PRODUCTION Payment Register From Pay ment Date: 1/01/2018-To Payment Date: 3/31 /2018 Transact i o n JE /CHECK Date Status Source Pa;tee Name Amount Reve nue 931.13.590.31.1311 PFD Sales 2018-03 16 1/3 1/2018 J E Wa State Treasurer 43,659.25 2018-0 839 2/28/2018 J E Wa State Tre asurer 45,539.41 2018-0840 3/30/2018 J E Wa State Treasu re r 38,432.60 $ 127,631 .26 931 .13.590.34 .4527 PFD Pa sco Support 2018-00000283 1/1/2018 JE Pasco PFD 1,666.67 2018-00000283 2/112018 JE Pasco PFD 1,666.67 2018-00000517 3/1/2018 JE Pasco PFD 1,666.67 $ 5,000.01 931.13.590.36.6110 Investment Interest 2018-000004 94 1/31/20 18 JE LG IP l nl erest Distribul ion 37.70 2018-00000545 2/28/2018 JE LGI P Interest Distribution 45.43 2018-00000878 3/31 /2018 JE LGI P Interest Distribution 26.44 $ 109.57 Total Revenue $ 13 2,740.84 931 .13.590.54.4530 Legal Services 2018-0000070 1 3/9/20 18 Accounts Pa yabl e Kerr Law Group 150.00 $ 150.00 931.13.590.54.4540 Organization Se rvices 2018-00000380 1/31/2018 Accou nts Paya ble Kennewick P ub lic Facilities District 43 ,659.25 2018-00000504 2/28/2018 Accou nts Payable Kennewick P ublic Facilities District 45,539 .41 2018-00000840 3/30/2018 Accounts Payabl e Kennewick P ublic Faciliti es Di strict 38,432 .60 $ 127,631 .26 931 .13.590.54 .4541 Professional Services 201 8-00000029 1/3/2018 Accounts Payable Assoc of WA State Public Faci lities-Dues 200.00 $ 200.00 931.13.590.54.4524 Advertis i ng 2018-00000504 2/27/2018 Accounts Pa ya ble T ri City Herald 32 .13 $ 32 .13 931 .13.590.54.46351nsuran c e Premiums 2018-00000283 1/1/2018 JE In su rance Premiums 262.14 2018-00000283 2/1/2018 JE In su rance Premiums 262 .14 2018-00000517 3/1/2018 JE In su rance Pre miums 262.14 $ 786.42 931 .13.590.54.4900 1/F Admin Services 2018-0 0000279 1/31/2018 JE City of Pasco 507.83 201 8-00000279 2/28/2018 JE Ci ty of Pasco 507 .83 201 8-0000037 4 3/30/2018 JE City of Pasco 507 .83 $ 1,523 .49 Total Expense 130,32 3.30 PASCO PUBLIC FACILITIES DISTRICT STATEMENT OF REVENUES, EXI>ENDIT U R ES & CHANGES IN FUND BALANCE As of March 31, 2018 An nua l C urre nt YTD Variance % Received/ 2018 Period 20 18 Budget I YTD U sed Account DescriE tion 13ud~et Acitivit~ Actual Actual Actual REVENUES Sales Tax $ 500,000 127,63 1 $ 127,63 1 $ 372,369 25.53% City of Pasco Grant 20,000 5,000 5,000 15,000 25.00% I nte rest Income 200 11 0 11 0 90 54.79% Total Revenues 520,200 132,74 1 132,74 1 387,459 25.52% EXPENDITURES Advertising/Publ ications 500 32 32 468 6.43% Legal Services 1,200 15 0 150 1,050 12.50% Kennewick PFD 500 ,000 127,63 1 127,63 1 372,369 25.53% Professional Services 5,000 200 200 4,800 4.00% Insurance 3,15 0 786 786 2,3 64 24.97% Administrative Se rvices 6,094 1,523 1,523 4,57 1 25.00% Total Ex penditure s 5 15,944 130,323 130,323 385,621 25.26% Net Change in Fund Balances 4 ,256 2,4 18 2,418 1,838 56.80% Beginning Fun d Balance, January I 20,000 17,278 17,278 17 ,278 13.6 1% End in g Fund Balance $ 24,256 $ 19,696 $ 19,696 $ 19,1.16 2 1.19 % ASSETS LIABILITIES PASCO PUBLIC FACILITIES DISTRICT BALANCE SHEET As ofMarch 3 1, 20 18 Cash Sales Tax Rece ivable Prepaid Insurance TOTAL ASSETS Accounts Payable TOTAL LIABILITI ES TOTAL NET ASSETS $ 17,336 89 ,199 2,360 108 ,895 89 ,199 89,199 $ 19 ,696