Friday December 19, 2014
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Tuesday Dec. 9, 2014 PSWID Board Work Session.
Quote from the latest minutes.
" Tom said we do not have anyone watching out for PSWID’s interests. CH2M Hill has sloppy
procedures and they need to have more frequent audits. Ric Hawthorne said that the cost for sloppy management should be reimbursed and that we need more accountability from them or that we should pull things under the district’s control."
Pat, we were also without Sudden Link service today but I have to say when one of their technicians came out to our house about two weeks ago he did a fine job fixing a signal problem.
Now if only I could get our previous supplier Century Link to pay up on some money they owe us, since June of this year, I would be happy. Woe betide anyone who has to communicate with Century Link on an accounting issue it is frustrating beyond belief. All of our phone calls and emails must have been ending up in a black hole. It was only by searching on the web for other contact information that I was able to bypass the "customer service" mess and actually get someone to answer me. Now of course I just need to get reimbursed. Sigh!
Will they expect a judge to postpone a court case because they haven't had time to study? Time to behave as adults and take their final exams as scheduled.
Official pay off date is July 15, 2018. Total due at maturity will be $6,222,990.38. This will show up on the books under Fiscal Year 2019. The board will need to refinance. 1/3 of the budget is paid to CH2M Hill and 1/6 towards the loan, which totals half of the PSWID working capital.
A senor member of management from CH2M Hill was advised in open meeting on November 20, 2014 that the board was displeased with the performance of CH2M Hill in the Pine and Strawberry area. PSWID will be seeking amendments to the contract.
Tom I pulled some financial information from the last Fiscal Year July 2013 - June 30, 2014 report. . Audited in November. It is a public record.
PSWID Income: $2,646,048.74 Revenue from Water, Misc. Fees, Property Tax Levy, Sales Tax Collected. Current Fiscal Year PSWID Board lowered Property Taxes.
Cash out: CH2M Hill contract, Admin, BoD Expenses, Operations, Sales Tax Paid, Loan Payment, and Capital Projects. Also maintain Non Restricted accounts Capital Purchase Account, Operations Account etc.
Compass Bank Loan as of June 30, 2014 $6,947,000.00. Consists of a 4.55% promissory note due in quarterly amortized payments through June 30, 2018 with remainder due July 2018. Wondering if it should say 2019? With principal and Interest total amount paid would amount to $8,215,790 in 2019.
CH2M Hill Contract Services $83,446.15 per month. $1,039,577.03 last Fiscal Year with some rebateables expected. CH2M Hill seeking an increase.
Number of CH2M Hill employees estimated to be nine. Three ladies in Customer Service Office, one District Manager, one Field Supervisor and four field operators for maintenance and meter reading etc. Salaries would be considered CH2M Hill company confidential.
CH2M Hill other operating expenses. We do not know the amount of their "other operating expenses" so impossible to calculate the amount of profit.
A public PSWID board work session was held last night to discuss amendments to the CH2M Hill contract. PSWID Board will be meeting with CH2M Hill in a public meeting again. Next regularly scheduled meeting is Thursday December 18, 2014.
If I made any errors please don't pin me up against the wall :-)
I was babysitting and the BBC broke into all television and radio programs announcing the terrible news that Kennedy had been shot. Just a turning globe was featured on the screen as the news came in bit by bit. I remember that we were stunned and at school a special service was held.
Japanese attack on Pearl Harbor. "a date which will live in infamy"
At least the addition of a $7.5 Million to $12 Million bond idea has gone away with the old board. Improvements obviously will be on going but at a careful measured pace.that the communities of Pine and Strawberry can handle, and not at the whim of developers/realtors.
Gila County Planning and Zoning are not required to consider long term water supply when granting applications. Bernice did the research.
Last login: Wednesday, December 17, 2014