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Home My WebLink About2019.01.15 PPFD Agenda PacketPasco Public Facilities District Board Building Regional Facilities through Community Partnerships AGENDA Tuesday, January 15, 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: • October 16, 2018 IV. Claims Approval: • 4th Quarter 2018: $ 145,540.05 V. Financial Report: • 4th Quarter: ■ Statement of Revenues, Expenditures and Changes in Fund Balance ■ Balance Sheet VI. Reports from Committees: ■ Kennewick Convention Center Advisory Board ■ Report on Regional PFD VII. Old Business: None VIII. New Business: Adoption of 2019 Operating Budget IX. Other Business: None X. Adjournment • Documents provided with Agenda. PASCO PUBLIC FACILITIES DISTRICT BOARD OCTOBER 16, 2018 MEETING MINUTES Call To Order: The meeting was called to order at 4:00 p.m., by PPFD President Morrissette, in Conference Room No. 1 at Pasco City Hall. Roll Call: Board Members Present: Spence Jilek, Craig Maloney, Leonard Dietrich, Mark Morrissette, Caroline Bowdish, and Marie Gillespie. Also Present: Stan Strebel, Deputy City Manager; Matt Sturtevant o/b/o Lee Kerr, City Attorney and Councilmember Craig Maloney. Approval of Minutes: It was motioned by Mr. Dietrich, seconded by Mr. Jilek, and carried to approve the minutes of the July 17, 2018 Meeting. Claims Approval: President Morrissette presented third quarter Claims History. Following discussion, it was motioned by Ms. Bowdish, seconded by Mr. Jilek, and carried to approve payment of third quarter claims in the total amount of $151,314.89. Financial Report: President Morrissette presented the third quarter Operating Statement. The third quarter Net Assets Statement was also presented reflecting an actual Net Asset balance of $24,497.00. Following that discussion, the remainder of the Financial Report was accepted as presented. Reports from Committees: There has been no meeting of the Kennewick Convention Center Advisory Board to date. Mr. Strebel said the meeting of the Regional Public Facilities District was cancelled due to the departure of Brian Malley from Benton -Franklin Council of Governments. Sandra Kent with the City of Richland, and Regional PFD President notified everyone. Uncertain as to whether or not a regional project or a group of projects will advance. (Discussion) Mr. Maloney mentioned he is now the VP of the Regional PFD. There is a plan to reschedule the cancelled meeting in November. He would like to get this Board's opinion on what they want to pursue. The Aquatic Center is still a legislative priority. Kennewick is supporting a Convention Center Expansion, Pasco a Water Park and Richland does not have a project or the support for one. PUBLIC FACILITIES DISTRICT BOARD Meeting Minutes — October 16, 2018 Page - 1 Mr. Dietrich stated the biggest impact to the community would be a water park. Mr. Jilek mentioned the regional group would support a water park if not located here. Mr. Maloney said there is a push for a support of a grand bargain but until Richland has a project there would be no bundle. The board discussed this matter further and decided to continue to pursue a Pasco stand-alone project. (Discussion) Old Business/New Business/Other Business: Nothing to report. The next PPFD meeting will be on January 15, 2019 at 4:00 p.m. Adjournment: There being no other business, the meeting was adjourned at 4:59 p.m. Mark Morrissette, President Daniela Erickson, PFD Secretary PUBLIC FACILITIES DISTRICT BOARD Meeting Minutes — October 16, 2018 Page - 2 PASCO PUBLIC FACILITIES DISTRICT 2019 Operating Budget Revenues: Beginning Fund Balance 2019 Operating Budget $ 27,000 Sales Tax 530,000 Transfers In - City of Pasco (Interlocal Agreement) 20,000 Interest Income 400 Total Sources of Funds $ 577,400 Expenditures Legal Services $ 1,200 Professional Services 5,000 Advertising/Publications 200 Insurance 4,000 Kennewick PFD 530,000 Administrative Services 6,094 Total Expenditures 546,494 Ending Fund Balance 30,906 Total Uses of Funds $ 577,400 ASSETS LIABILITIES PASCO PUBLIC FACILITIES DISTRICT BALANCESHEET As of December 31, 2018 (Preliminary) Cash $ 27,033 Sales Tax Receivable 89,199 Prepaid Insurance - TOTAL ASSETS 116,232 Accounts Payable 89,199 TOTAL LIABILITIES 89,199 TOTAL NET ASSETS $ 27,033 PASCO PUBLIC FACILITIES DISTRICT STATEMENT OF REVENUES, EXPENDITURES & CHANGES IN FUND BALANCE As of December 31, 2018 (Preliminary) Account Description Annual 2018 Budget Current Period Acitivity REVENUES Budget / YTD Used Sales Tax $ 500,000 $ 142,930 City of Pasco Grant 20,000 5,000 Interest Income 200 144 Total Revenues 520,200 148,074 EXPENDITURES YTD Variance % Received/ 2018 Budget / YTD Used Actual Actual Actual 1,062 138 $ 549,580 $ (49,580) 109.92% 20,000 - 100.00% 390 (190) 194.82% 569,970 (49,770) 109,57% Advertising/Publications 500 - 67 433 13.35% Legal Services 1,200 300 1,062 138 88.50% Kennewick PFD 500,000 142,930 549,580 (49,580) 109.92% Professional Services 5,000 35 266 4,734 5.32% Insurance 3,150 786 3,146 4 99.86% Administrative Services 6,094 1,523 6,094 - 100.00% Total Expenditures 515,944 145,575 560,215 (44,271) 108.58% Net Change in Fund Balances 4,256 2,499 9,755 (5,499) 229.21% Beginning Fund Balance, January 1 20,000 17,278 17,278 17,278 13.61% Ending Fund Balance $ 24,256 $ 19,777 $ 27,033 $ 11,779 51 ATFo CITY OF PASCO - PRODUCTION Payment Register From Payment Date: 10/1/2018 - To Payment Date: 12/31/2018 JE / CHECK Date Status Source Payee Name Transaction Amount Revenue LGIP Interest Distribution 37.51 2018-00003902 11/30/2018 JE 931.13.590.31.1311 PFD Sales 52.41 2018-00004218 12/31/2018 JE 2018-3636 10/31/2018 JE Wa State Treasurer 49,746.75 2018-4079 11/30/2018 JE Wa State Treasurer 46,111,96 2018-XXXX 12/31/2018 JE Wa State Treasurer 47,071.43 2018-00003700 11/24/2018 142,930.14 931.13.590.34.4527 PFD Pasco Support 2018-00000517 10/1/2018 JE Pasco PFD 1,666.67 2018-00000517 11/1/2018 JE Pasco PFD 1,666.67 2018-00000517 12/1/2018 JE Pasco PFD 1,666,67 6,000.01 931.13.590.36.6110 Investment Interest 2018-00003662 10/31/2018 JE LGIP Interest Distribution 37.51 2018-00003902 11/30/2018 JE LGIP Interest Distribution 52.41 2018-00004218 12/31/2018 JE LGIP Interest Distribution 53.89 143.81 Total Revenue $ 148,073.96 Expense 931.13.590.54.4530 Legal Services 2018-00003700 11/24/2018 Accounts Payable Kerr Law Group 300.00 300.00 931.13.590.54.4540 Organization Services 2018-00003790 10/31/2018 Accounts Payable Kennewick Public Facilities District 49,746,75 2018-00004094 11/30/2018 Accounts Payable Kennewick Public Facilities District 46,111.96 2018-OOOOXXX 12/31/2018 Accounts Payable Kennewick Public Facilities District 47,071.43 142,930.14 931.13.590.54.4524 Advertising 931.13.590.54.4635 Insurance Premiums 2018-00000517 10/1/2018 JE Insurance Premiums 262.14 2018-00000517 11/1/2018 JE Insurance Premiums 262.14 2018-00000517 12/1/2018 JE Insurance Premiums 262.14 786.42 931.13.590.54.4900 I/F Admin Services 2018-00000374 10/31/2018 JE City of Pasco 507.83 2018-00000374 11/30/2018 JE City of Pasco 507.83 2018-00000374 12/31/2018 JE City of Pasco 507.83 1,523.49 Total Expense $ 145,640.05