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HomeMy WebLinkAbout2019.07.16 PPFD Agenda PacketPasco Public Facilities District Board Building Regional Facilities through Community Partnerships AGENDA Tuesday, July 16, 2019 4:00 p.m. Pasco City Hall -Conference Room #1 I. Call to order and roll call II. Recognition of Visitors/Public Comments III. Approval of Minutes: • June 11, 2019 IV. Claims Approval: ■ 2nd Quarter 2019: $13 8,542.29 V. Financial Report: 2°a Quarter Financial Report VI. Reports from: • Zach Ratkai: Private Sector Finance Meeting VII. Old Business: None VIII. New Business: Next steps regarding possible aquatic facility proposal 1. Task List and Timeline Update and Review — Zach Ratkai 2. Update of Revised Aquatic Feasibility Study — Zach Ratkai 3. Boards, Commissions, Ballots and the Law —Eric Ferguson IX. Other Business: • Meeting Calendar • August Meeting Preview — Zach Ratkai X. Adjournment • Documents provided with Agenda. PASCO PUBLIC FACILITIES DISTRICT BOARD JUNE 119 2019 MEETING MINUTES Call to Order: The meeting was called to order at 3:00 p.m., by PPFD President Morrissette, in Conference Room No. 1 at Pasco City Hall. Roll Call: Board Members Present: Spence Jilek, Mark Morrissette, Caroline Bowdish, and Marie Gillespie Also Present: Craig Maloney, Councilmember; Matt Watkins, Mayor; David Milne, Councilmember; Stan Strebel, Deputy City Manager; Zach Ratkai, Administrative & Community Services Director; Dave Zabell (arrived at 3:11 p.m.), City Manager; Michael Morales, Community & Economic Development Deputy Director; Fred LaMothe, Business Owner. Approval of Minutes: It was motioned by Mr. Jilek, seconded by Ms. Bowdish, and carried to approve the minutes of the May 139 2019 Special Meeting. Claims Approval: NA Financial Report: NA Reports from Committees: Mr. Morrissette presented to City Council on May 28, 2019 and requested Council liaisons for the Pasco Public Facilities District Board. Councilmembers Craig Maloney and David Milne were appointed by Mayor Watkins. Old Business/New Business/Other Business: Mr. Ratkai presented a draft task list and timeline to the Board. A review of bond payoff and sustainability for public facility projects is required; staff has proactively began conversations with the Department of Commerce. The Board reviewed "Option D" (handout A) from the 2016 Ballard King feasibility study. Mr. Ratkai is to contact Ballard King regarding additional work provided in handout `B" prepared by Mr. Morrissette. PUBLIC FACILITIES DISTRICT BOARD Meeting Minutes — June 11, 2019 Page - 1 As the aquatics center is often discussed in conjunction with a future community center, the Board discussed the need to educate the public on the facility they will vote on. Mr. LaMothe conveyed the private club opposition of a combined aquatics and recreational center and the sustainability of an aquatic only facility. Adjournment: There being no other business, the meeting was adjourned at 4:20 p.m. Mark Morrissette, President Angela Pashon, PFD Secretary PUBLIC FACILITIES DISTRICT BOARD Meeting Minutes — June 11, 2019 Page -2 ASSETS LIABILITIES PASCO PUBLIC FACILITIES DISTRICT BALANCESHEET As of June 30, 2019 Cash $ 72,789 Sales Tax Receivable 90,996 Prepaid Insurance 1,603 TOTAL ASSETS 165,388 Accounts Payable 47,604 TOTAL LIABILITIES 47,604 TOTAL NET ASSETS $ 117,784 PASCO PUBLIC FACILITIES DISTRICT STATEMENT OF REVENUES, EXPENDITURES & CHANGES IN FUND BALANCE As of June 30, 2019 Net Change in Fund Balances Annual Current YTD Variance % Received/ 21,534 2019 Period 2019 Budget / YTD Used Account Description Budget Acitivity Actual Actual Actual REVENUES Sales Tax $ 500,000 $ 133,047 $ 261,849 $ 238,151 52.37% City of Pasco Grant 20,000 59000 101,000 10,000 50.00% Interest Income 200 204 395 (195) 197.47% Total Revenues 520,200 138,250 272,243 247,957 52.33% EXPENDITURES Advertising/Publications 500 - - 500 0.00% Legal Services 1,200 1,694 21836 (1,636) 236.33% Kennewick PFD 50000 133,047 214,445 285,555 42.89% Professional Services 5,000 - 200 400 4.00% Insurance 3,150 801 1,603 1,547 50.89% Administrative Services 129000 300 600 69000 50.00% Total Expenditures 521,850 1381542 22504 296,766 43.13% Net Change in Fund Balances (1,650) (292) 47,160 (48,810) -2858.15% Beginning Fund Balance, January 1 21,534 17,278 17,278 171)278 19.76% Ending Fund Balance $ 1904 $ 16,986 $ 64,438 $ (31,532) 258.58% CITY OF PASCO - PRODUCTION Payment Register From Payment Date: 4/1/2019 - To Payment Date: 6/30/2019 Transaction JE/CHECK Date Status Source Payee Name Amount Revenue 931.13.590.31.1311 PFD Sales 2019-00001385 4/30/2019 JE Wa State Treasurer -Apr. Tax Collection 36,111.78 2019-00001837 5/31/2019 JE Wa State Treasurer -May Tax Collection 49,331.44 2019-00001972 6/28/2019 JE Wa State Treasurer -June Tax Collection 47,603.59 133,046.81 931.13.590.34.4527 PFD Pasco Support 2019-00000061 4/1/2019 JE Pasco PFD 1,666.67 2019-00000061 5/1/2019 JE Pasco PFD 1,666.67 2019-00000061 6/1/2019 JE Pasco PFD 1,666.67 5,000.01 931.13.590.36.6110 Investment Interest 2019-00001316 4/30/2019 JE LGIP Interest Distribution 90.37 2019-00001987 5/31/2019 JE LGIP Interest Distribution 49.32 2019-00001995 6/30/2019 JE LGIP Interest Distribution 63.86 203.55 Total Revenue $ 138,250.37 Expense 931.13.590.54.4530 Legal Services 2019-00001456 5/15/2019 Accounts Payable Kerr Law Group 648.00 2019-00001886 6/1/2019 Accounts Payable Kerr Law Group 1,046.00 1,694.00 931.13.590.54.4540 Organization Services 2019-00001389 5/13/2019 Accounts Payable Kennewick Public Facilities District -April 36,111.78 2019-00001791 6/14/2019 Accounts Payable Kennewick Public Facilities District -May 49,331.44 2019-OOOOXXX Not yet paid Accounts Payable Kennewick Public Facilities District -June 47,603.59 133,046.81 931.13.590.54.4635 Insurance Premiums 2019-00000358 4/1/2019 JE Insurance Premiums 267.16 2019-00000358 5/1/2019 JE Insurance Premiums 267.16 2019-00000358 6/1/2019 JE Insurance Premiums 267.16 801.48 931.13.590.54.4900 I/F Admin Services 2019-00000056 4/1/2019 JE City of Pasco 1,000.00 2019-00000056 5/1/2019 JE City of Pasco 1,000.00 2019-00000056 6/1/2019 JE City of Pasco 1,000.00 3,000.00 Total Expense $ 138,542.29