HomeMy WebLinkAboutMinutes- May 21, 2003 - UB Workshop AZUSA
CITY OF AZUSA
MINUTES OF THE ADJOURNED WORKSHOP
MEETING OF THE AZUSA
UTILITY BOARD/CITY COUNCIL
9
MONDAY, MAY 21, 2003 - 7:30 P.M.
The Utility Board Members of the City of Azusa met in regular session, at the above date and time
in the Azusa Light and Water Department Conference Room, located at 729 N. Azusa Avenue,
Azusa, California.
Chairperson Chagnon called the meeting to order. Call to Order
.OLL CALL Roll Call
PRESENT: COUNCILMEMBERS: HARDISON,STANFORD,ROCHA,CHAGNON, MADRID
ABSENT: COUNCILMEMBERS: NONE
ALSO PRESENT: Also Present
City Manager Cole, Director of Utilities Hsu, Assistant to the Director of Utilities Kalscheuer,
Administrative Technician Yang, Assistant Director of Water Operations Anderson, Assistant
Director of Electrical Operations Ramirez,Assistant Director of Resource Management Tang,City
Clerk Mendoza.
Public Participation Pub Part
None. None
Agenda Item-Fiscal Year 2003-2004 Budgets and 5-Year Financial Projections. Utilities Director FY 03/04
Hsu introduced the Work Plan for FY 2003-2004, and provided a brief summary of each item Budget &
listed as follows: Fin Projection
1. Electric Substation 7. Customer Information System
2. Revenue Bond Issuance 8. Water Filtration Plant
3. Electric Yard Building 9. Underground Electric
4. System Efficiency Improvement 10. Water Mainline Replacements
5. Improve Credit Ratings 11. Well No. 10 Perchlorate Trmt
�-- 6. Work Management System 12. Reservoir Rehabilitation
He summarized Resources, Revenues, Uses, Expenditures,and addressed all divisions of the Light Presentation
and Water Department,which includes budgets and work plans for FY 03-04,and 5-year financial Of Budgets
projection for electric and water utilities, and answered questions posed by Councilmembers. &Work Plans
FY 03-04
The Light & Water Financial Projections for FY 03-08 included the following: Light Fund 5-year
rojections: Electric financial projections, Rate Implications,and Electric Rate Comparison. Water Projections
and Projections: Water financial projections, Rate Implications,Water Rate Comparison. Policy
....nplications of Bond Financing on Retail Rate Setting were also discussed. Director of Utilities
indicated that rate adjustments for Electric and possibly Water would be proposed during a Public
Hearing at regular City Council meeting in June.
Director of Utilities Hsu further indicated that he would work with City Manager Cole,Chairperson Transfers &
Chagnon, Councilmember Standford, and Director of Finance Kenoyer on the utility fund Transfers Allocation
and budget cost allocation policy. Continued consideration of this policy will be presented at the Policy
June 2003 Utility Board Meeting.
Items discussed are attached to the May 21, 2003, Adjourned Regular Meeting of Utility Board Doc on File
Agenda.
It was consensus of Councilmembers to adjourn. Adjourn
TIME OF ADJOURNMENT: 9:22 P.M.
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NEXT RESOLUTION NO. 03-C41.
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