Loading...
Agenda Packets - Board - 2000-08-10COSTA MESA SANITARY DISTRICT AGENDA Regular Meeting August 10, 2000 RECOMMENDED ACTION I. CALL TO ORDER - 6:00 p.m. - COUNCIL CHAMBERS II. PLEDGE OF ALLEGIANCE III. INVOCATION IV. ROLL CALL V. ANNUAL CPI INCREASE PER AGREEMENT A. Costa Mesa Disposal Approve 1. Retroactive Adjustment to July Statement Approve B. CR Transfer Approve VI. CONSENT CALENDAR - All matters listed under the Consent Calendar are considered to be routine and will be enacted in one motion in the form listed below. There will be no separate discussion on these items prior to the time the Board votes on the motion, unless members of the Board, staff, or the public request specific items to be removed from the Consent Calendar for discussion, in which event the item will be removed from the Consent Calendar and considered in its normal sequence on the agenda. Minute Approval 1. Recycling Committee Meeting - July 11, 2000 Approve 2. Regular Meeting - July 13, 2000 Approve Reports Manager's Reports 3. Occupancy Report and payment to Costa Mesa Disposal Approve for trash collection services for August 2000 COSTA MESA SANITARY DISTRICT AGENDA 4. Refunds 5. Recycling Reports (a) Waste Diversion Report - July 2000 (b) Contract Payment to CR Transfer for recycling services and disposal for July 2000 Engineer's Reports 6. Project Status Report Treasurer's Reports August 10, 2000 Page 2 ECOMMENDED ACTION No Refunds Receive and File Approve Receive and File 7. Preliminary Financial Report as of July 31, 2000 Receive and File 8. Report of Monies on Deposit as of July 31, 2000 Receive and File 9. Warrant Register for August 2000 in the amount of $442,962.20 Approve Payment -------------------------------------- - - - - -- -END OF CONSENT CALENDAR--------------------------------------- - - - - -- VII. , PUBLIC HEARING - CONSIDERATION OF ANNUAL TRASH COLLECTION CHARGES TO BE COLLECTED WITH THE GENERAL TAXES A. Presentation of Report B. Open Public Hearing C. Close Public Hearing D. Determination Regarding Protests E. Adopt Resolution No. 2000 -639 Confirming and Adopting the Report and Direct Clerk to File with County Auditor VIII. PUBLIC HEARING - CONSIDERATION OF ANNUAL LIQUID WASTE CHARGES TO BE COLLECTED WITH THE GENERAL TAXES A. Presentation of Report B. Open Public Hearing C. Close Public Hearing COSTA MESA SANITARY DISTRICT AGENDA D. Determination Regarding Protests E. Adopt Resolution No. 2000 -640 Confirming and Adopting the Report and Direct Clerk to File with County Auditor IX. WRITTEN COMMUNICATIONS X. PUBLIC COMMENTS XI. MANAGER'S REPORTS A. Recycling Committee August 10, 2000 Page 3 RECOMMENDED 1. Public Outreach Program � I U Accept Report \VL&W S f- - Stu P 8 r 2. Standardized Container Program � V 4 Accept Report 3. Large Item Collection Accept Report 4. Mini Telephone Book Recycling Program Accept Report 5. Beverage Container Grant Final Report Receive and File 6. Survey of Orange County Trash Hauling Programs Accept Report 7. Household Hazardous Waste Program a. Safety -Kleen (Curbside) Chapter 11 Protection Accept Report B. Source Reduction and Recycling Element AB939 1. Update on Activities a) Anti- Scavenging and Screening of Trash Containers Accept Reports Enforcement Reports C. CMSD Strategic Plan 1. Contact with Midway City Sanitary District Accept Report D. Safety /Loss Control Meeting of August 2, 2000 Approve Minutes XII. ENGINEER'S REPORTS A. Emergency Work - W. 18`h Street Sewer Ratify Actions by Manager COSTA MESA SANITARY DISTRICT August 10, 2000 AGENDA Page 4 RECOMMENDED Independent Special Districts of Orange County (ISDOC) e ACTION B. Norris -Repke Independent Review of CMSD 2000 -2001 Accept Report CIP Report B. C. Orange County Sanitation District (OCSD) Transfer of Sewers Reconsider Conceptual to CMSD Approval XIII. TREASURER'S REPORTS C. A. 2000 -2001 CMSD Budget Accept Report XIV. ATTORNEY'S REPORTS Orange County Sanitation District A. 2000 Biennial Review of Conflict of Interest Code Review Code and Make Determination B. Excessive Change Orders by City an Abandonment of Contract Accept Report XV. LOCAL MEETINGS A. Independent Special Districts of Orange County (ISDOC) e 1. Executive Committee Meeting Accept Report B. Local Agency Formation Commission (LAFCO) f\I��,QQ� .f I Accept Report C. Costa Mesa Chamber of Commerce Legislation Committee �A '- , Accept Report D. Orange County Sanitation District s� 60 1. Regular Meeting - July 19, 2000 Accept Report E. Water Advisory Committee Orange County XA L&V Accept Report of (WACO) 'PAOL F. Council of Governments (COG) N((,, 7. /�KNVOl nL£�cJ� Accept Report o J G. Santa Ana River Flood Protection Agency 1. Executive Committee Meeting of July 27, 2000 Accept Report H. CSDA 1. 31" Annual Conference - September 27 -29, 2000 - Monterey Consider Attendance COSTA MESA SANITARY DISTRICT AGENDA August 10, 2000 Page 5 RECOMMENDED ACTION I. Solid Waste Association of Orange County 1. Reception in Honor of Linda Moulton- Patterson and Members of Consider Attendance the California Integrated Waste Management Board - Tuesday, 4woi August 22, 2000 R XVI. OLD BUSINESS XVII. NEW BUSINESS A. Election 2000 1. Filing Deadline - August 11, 2000, 5:00 p.m. XVIII. ORAL COMMUNICATIONS XIX. ADJOURNMENT Accept Report NZI-f 46116 COSTA MESA SANITARY DISTRICT AGENDA Regular Meeting July 13, 2000 Public Comments. Any member of the public may address the Board. Speakers on agenda items should identify themselves to the Clerk before the meeting so that their input can be provided at the time the item is considered. Speakers on non - agenda items will be heard at the end .of the agenda. Pursuant to State law, the Board may not discuss or take action on non - agenda items except under special circumstances. Speakers must limit their remarks to five minutes. The Presiding Officer reserves the right to declare any speaker out of order. In compliance with ADA, contact Joan Revak, (714)754 -5087, 48 hours prior to meeting if assistance is needed 128 CFR 35.102.35.104 ADA Title III• 0 RECOMMENDED ACTION CAtL TO "ORDER =-- 1'2:0'0 p.m. - CONFERENCE ROOM 5A II. PLEDGE OF ALLEGIANCE III. INVOCATION IV. ROLL CALL `I. INTRODUCTION OF NEW CMSD ASSISTANT MANAGER VI. CONSENT CALENDAR - All matters, listed under the Consent Calendar, are considered to be routine and will be enacted in one motion in the form listed below. There will be no separate discussion on these items prior to the time the Board votes on the motion, unless members of the Board, staff, or the public request specific items to be removed from the Consent Calendar for discussion, in which event the item will be removed from the Consent Calendar and considered in its normal sequence on the agenda. Minute Approval 1. Recycling Committee Meeting - June 13, 2000 Approve 2. Study Session - June 13, 2000 1 Approve 3. Regular Meeting - June 15, 2000 Approve Reports Manager's Reports 4. Occupancy Report and payment to Costa Mesa Disposal Approve \_ for trash collection services for July 2000 5. Refunds No Refunds COSTA MESA SANITARY DISTRICT July 13, 2000 AGENDA Page 2 RECOMMENDED ACTION 6. Recycling Reports (a) Waste Diversion Report - June 2000 Receive and File (b) Contract Payment to CR Transfer for recycling Approve services and disposal for June 2000 Engineer's Reports 7. Project Status Report Receive and File Treasurer's Reports 8. Preliminary Financial Report as of June 30, 2000 Receive and File 9. Report of Monies on Deposit as of June 30, 2000 Receive and File 10. Warrant Register for July 2000 in the amount of $409,461.32 Approve Payment 11qr 06-1 .3 -------------------------------------- - - - - -- -END OF CONSENT CALENDAR-----------------=--------------------- - - - - -- VII. WRITTEN COMMUNICATIONS VIII. PUBLIC COMMENTS IX. MANAGER'S REPORTS A. Recycling Committee 1 . Survey of Orange County Trash Hauling Programs Accept Report 2. Public Outreach Program Accept Report 3. Standardized Container Program Accept Report 4. Large Item Collection Accept Report B. Source Reduction and Recycling Element AB939 1. Update on Activities a) Anti- Scavenging and Screening of Trash Containers Accept Reports Enforcement Reports C. CMSD Strategic Plan SA , 4,��v L' Accept Report COSTA MESA SANITARY DISTRICT AGENDA D. Update on Costa Mesa Disposal /Cleaner Burning Engines ENGINEER'S REPORTS A. Emergency Work - W. 18th Street Sewer B. Project 129 - Bristol Street Pumping Station 1. Three -Party Agreement Amendment C. Project 162 - Use of Enzymes for Grease and Odor Control X. TREASURER'S REPORTS A. Resolution No. 2000 -638 - Adopting Financial Policies for the 2000 -2001 Fiscal Year XI. ATTORNEY'S REPORTS A. Recent Cases of Interest A. LOCAL MEETINGS A. Independent Special Districts of Orange County (ISDOC) 1. Executive Committee Meeting *4-F"y & JCfilaFm B. Local Agency Formation Commission (LAFCO) Ott fc p10 � 1. Special Districts Selection Committee Meeting - Thursday, June 29, 2000 C. Costa Mesa Chamber of Commerce Legislation Committee D. Orange County Sanitation District July 1.3, 2000 Page 3 RECOMMENDED ACTION Accept Report Ratify,Actions by Manager Approve Approve Progress Payment Adopt Resolution Accept Report Accept Report Accept Report Accept Report 1. Regular Meeting - June 28, 2000 Accept Report E. Water Advisory Committee of Orange County (WACO) � Accept Report F. Council of "Governments (COG) Accept Report G. California Special Districts Association (CSDA) 1. Appointment of Director Schafer to Board of Directors Accept Report COSTA MESA SANITARY DISTRICT AGENDA July 13, 2000 Page 4 RECOMMENDED H. Santa Ana River Flood Protection Agency Oar 1. Executive Committee Meeting of June 22, 2000 Accept Report I. Special District Institute 1. Special District Administration Seminar- October 26 -27, Consider Attendance 2000, and Board Secretaries Workshop - October 28, 2000, Anaheim XIII. OLD BUSINESS XIV. NEW BUSINESS A. SDRMA Renewal Contribution in the amount of $35,737.76 Approve XV. ORAL COMMUNICATIONS iU;,{ 94 f w;tidbaw —> XVI. ADJOURNMENT ���% c &- %ki ocs 4Ju- &,,, &, COSTA MESA SANITARY DISTRICT Minutes of the Recycling Committee Meeting Held July 11, 2000 The Costa Mesa Sanitary District Recycling Committee met at 9:00 a.m. in conference room 3A at the Civic Center, 77 Fair Drive, Costa Mesa. Directors Present: Dan Worthington, Art Perry Staff Present: Rob Hamers, Tom Fauth, Joan Revak, Ron Hayes Survey of Orange County Trash Hauling Programs Ms. Revak provided a finalized copy of the Survey of Orange County Trash Hauling Programs compiled by Staff. Ms Revak reported responses were received from all Orange County cities with the exception of Los Alamitos. Staff will poll the participants on any rate increases in September and will update the survey yearly to reflect current information. Director Worthington requested Staff obtain information on County residential collection rates. Public Outreach Program Tour of CR Transfer by Director Worthington and Media One Director Worthington informed the Committee that he, Tom Fauth, and Mark Andrews of Media One accompanied Curbside, Inc. on a household hazardous waste pick up to obtain footage for the District video that is in progress. Mr. Fauth is in the process of preparing the script portion of the video. A visit to one of the Sharps participating pharmacies is planned for videotaping the process of obtaining containers and returning them to the pharmacies for recycling. Standardized Container Program Mr. Hamers reported meeting with Raul and Ray Rangel of Costa Mesa Disposal. Raul will provide information requested by District staff. One of the items discussed was container size. The 60- gallon container will allow the District to implement a variable rate structure at a future date. Mr. Hamers recommended bidding the project with 60 and 90 gallon linear or cross -link material to obtain a matrix of initial costs. Also discussed: 1. Ways to save money in changing from old to new containers. 2. New cans could be phased in. 3. Life expectancy is not yet known. COSTA MESA SANITARY DISTRICT 2 Minutes of the Recycling Committee Meeting July 11, 2000 4. Gates of many residences are not large enough to accommodate a 90- gallon container. Two 60- gallon containers should accommodate most of the residences. 5. Weight is not a factor in empting the containers. Mr. Harriers advised there are six or seven companies that will be able to bid the project and more research must be completed. The cans will be designed to work with both semi - automated and fully- automated trucks. Large Item Collection Ms. Revak reported the Large Item Collection program began on June 19 and will run through the week of August 21, 2000. During the first three weeks of the program 130.46 tons were collected at a total cost of $2,869.00. White Goods collected during this period totaled 28.34 tons, amounting to a credit of $805.49. The meeting was adjourned at 10:15 a.m. Secretary President COSTA MESA SANITARY DISTRICT Minutes of Board of Directors Regular Meeting held July 13, 2000 'CALL TO ORDER The Board of Directors of the Costa Mesa Sanitary District met in regular session on July 13, 2000, at 12:00 noon, in Room 5A of the Civic Center, 77 Fair Drive, Costa Mesa. President Perry called the meeting to order at 12:00 noon. Vice President Schafer led the Pledge of Allegiance. Director Woodside gave the invocation. ROLL CALL: Directors Present: Art Perry, Arlene Schafer, Greg Woodside, James Ferryman, Dan Worthington Directors Absent: None Staff Present: Robin Hamers, Manager /Engineer; Alan Burns, Legal Counsel; Tom Fauth, Assistant Manager; Joan Revak, Clerk of the District; Dawn. Schmeisser, Assessment. Specialist; Nita McKay, Assistant Treasurer; Ron Hayes, Accounting; Ron Shef, District Ordinance Enforcement Officer. Others Present: None Mr. Hamers introduced Mr. Tom Fauth, the new Assistant Manager of the District. Mr. Hamers gave a brief description of Mr. Fauth's qualifications and background. Mr. Hamers reported Mr. Fauth has assumed the Media One project and has begun working on the standardized trash containers project and other projects for the District. Mr. Hamers commended Mr. Fauth's organizational skills and stated Mr. Fauth has already begun shouldering some of the load that Staff has had to carry since the Assistant Manager position has been vacant. CONSENT CALENDAR --------------------------------------------------------------------------- - - - - -- President Perry reported item 10, the Warrant Register for July 2000, would be reduced from $409,461.32 to $409,081.32 with adjustment to payment from Manhole Adjusting, Inc. from 17 manhole adjustments to 15 adjustments, causing a reduction of $380.00. Director Worthington requested item 8, Preliminary Financial Report as of June 30, 2000 be pulled for discussion. COSTA MESA SANITARY DISTRICT MINUTES - BOARD OF DIRECTORS MEETING HELD JULY 13, 2000 Director Ferryman requested a clarification of the finance report, focusing on the revenue versus expenses. Ms. McKay left the meeting to retrieve further information and the Consent Calendar was tabled. WRITTEN COMMUNICATIONS Ms. Revak reported there were no written communications. PUBLIC COMMENTS There were no public comments made. MANAGER'S REPORTS RECYCLING COMMITTEE SURVEY OF ORANGE COUNTY TRASH HAULING PROGRAMS Director Worthington reported Mr. Fauth attended the Recycling Committee meeting. Ms. Revak reported the Costa Mesa Sanitary District survey on Orange County Residential Trash Collection was distributed to the participating cities along with a letter explaining the District plans to update the survey on a yearly basis and will be contacting them again in September 2000 to obtain the 2000 -2001 rates. Mr. Hamers reported he was contacted by Jan Goss of the Orange County Integrated Waste Management Department, inquiring as to the arrangements for Santa Ana Heights trash hauling. Mr. Hamers explained to her that in 1989 an agreement was reached to continue to provide curbside service to small multi - family and single - family residences. Mr. Hamers reported the County is reexamining the program due to multiple haulers providing service without regard to the County franchising. Ms. Goss will contact Ms. Revak to provide the countywide collection rates, and Ms. Revak will mail a copy of the District survey to Ms. Goss. PUBLIC OUTREACH PROGRAM Mr. Fauth reported he met with Media One to review the videotape taken to date. Mr. Fauth reported videotape has been taken of CR Transfer, a collection of Household Hazardous Waste, large item pickup, and code enforcement. Mr. Fauth stated the goal is to produce a 30 -45 minute tape to educate customers, schools, citizens, and legislators. COSTA MESA SANITARY DISTRICT MINUTES - BOARD OF DIRECTORS MEETING HELD JULY 13, 2000 Mr. Fauth developed a preliminary outline of topics to be covered to include an overview of the Costa Mesa Sanitary District, responsibilities of the Board and Manager /Engineer, definitions of the mandates, residential versus commercial collection, generation, diversion, and disposal, Costa Mesa history and the future, and where the District wants to go including the semi automated and automated collection process and standardized containers. The video will look at the standard services offered by the District as well as the special services and promote the web site. Mr. Fauth is scheduling Media One to film the Sharps program and telephone book collection program. Mr. Fauth is finalizing his outline and devising a theme to unify the video. Mr. Fauth will then begin to develop the dialog to accompany the tape. Mr. Fauth will also research to obtain any additional resources such as brochures or currently existing videotape. Vice President Schafer requested Mr. Fauth stress that the District is a separate entity from the City of Costa Mesa. STANDARDIZED CONTAINER PROGRAM Mr. Hamers reported Staff, as directed by the Board at the June meeting, has held meetings with Raul and .Ramon Rangel, and investigated container pricing, container material, and programs currently being used in other cities. Mr. Hamers reported Staff is still conducting research, but is very close to being able to put out an RFP to container manufacturers. Mr. Hamers stated Staff will prepare a fact sheet for Board members listing all the advantages afforded the District by using standardized containers. Staff will continue to finalize their research and return to the Board with their recommendations. LARGE ITEM COLLECTION Ms. Revak reported the Large Item Collection Program began on June 19 and will run through the week of August 21, 2000. A total of 130.46 tons were collected during the first three weeks of the program at a cost of $2,869.00. The white goods recycled during this three -week period totaled 28.34 tons, and garnered the District a credit of $805.49. Upon completion of the program, Ms. Revak will provide a comparison between the current program and prior years collections. Director Worthington requested the comparison reports be presented on a more frequent basis to better track the program. COSTA MESA SANITARY DISTRICT 4 MINUTES - BOARD OF DIRECTORS MEETING HELD JULY 13, 2000 r CONSENT CALENDAR (REVISITED) Ms. McKay returned to the meeting and provided further information. Discussion was held regarding revenue versus expenses for the trash collection. A special meeting was requested to further explore the preliminary numbers. Ms. McKay reported the finance department will prepare a financial report, including the closing entries, showing the split between the trash and sewer operation funds. A special meeting was set for Monday, August 7, 2000, at 10:00 a.m. to discuss the finance report. On motion by Vice President Schafer and seconded by Director Woodside, the Consent Calendar was approved with modification to the payment to Manhole Adjusting, Inc. modified from $2,907.00 with a $323.00 retention to $2,850.00 with no retention (reduction of $380.00) making the total of the warrant list $409,081.32, and that a special meeting on August 7, 2000, at 10:00 a.m. will be held to further discuss the financial report before its approval. Motion carried 5 -0. MINUTES Approved Minutes of Recycling Committee Meeting, June 13, 2000 Approved Minutes of Study Session June 13, 2000 Approved Minutes of Regular Meeting June 15, 2000 REPORTS MANAGER'S REPORTS Approved Occupancy Report and payment of $ 163,883.61 to Costa Mesa Disposal for trash collection services for July 2000 The minutes for the Recycling Committee meeting of June 13, 2000, were approved as distributed. The minutes for the study session of June 13, 2000, were approved as distributed. The minutes for the regular meeting of June 15, 2000, were approved as distributed. The Trash Occupancy Count documented an increase of 1 unit in the occupancy report for solid waste collection as of July 1, 2000. Therefore, the total for July is 21,146. Board directed Staff to prepare a warrant for $163,883.61 to Costa Mesa Disposal on August 1, 2000, for payment for July trash collection based on the July count of 21,146. COSTA MESA SANITARY DISTRICT MINUTES - BOARD OF DIRECTORS MEETING HELD JULY 13, 2000 REFUNDS RECYCLING REPORTS Waste Diversion Report June 2000 was received and filed. Approved Contract Payment to CR Transfer for $149,887.80 ENGINEER'S REPORTS There were no refunds requested. 5 The Waste Diversion Report for June 2000 showing a 51.63 percent diversion rate was received and filed. The Board approved contract payment to CR Transfer for recycling services and disposal for the month of June 2000 in the amount of $149,887.80. Project Status Report was The Project Status Report for July 2000, was accepted as received and filed. submitted. TREASURER'S REPORTS Financial Report as of The Financial Report as of June 30, 2000, was tabled for June 30, 2000, was tabled further discussion at the August 7, 2000 Special Meeting. for further discussion Report of Monies on The Report of Monies on Deposit as of June 30, 2000, was Deposit as of accepted, as submitted. June 30, 2000, was received and filed Approved Warrant 2001 -01 Warrant Resolution #CMSD 2001 -01 was approved, for July 2000, in the authorizing the President and Secretary to sign the warrant amount of $409,081.32. and instructing the Finance Department to draw a warrant from the Costa Mesa Sanitary District General Fund in the amount. of $409,081.32. END OF CONSENT CALENDAR. --------------------------------------------------------------------------- - - - - -- COSTA MESA SANITARY DISTRICT MINUTES - BOARD OF DIRECTORS MEETING HELD JULY 13, 2000 SOURCE REDUCTION AND RECYCLING ELEMENT AB 939 UPDATE ON ACTIVITIES ANTI - SCAVENGING AND SCREENING OF TRASH CONTAINERS ENFORCEMENT REPORTS POLICE REPORT Mr. Hamers presented a memorandum providing the statistics for the month of June 2000. The number of calls for service for scavenging are as follows: Location Calls for Service Cite /Arrest Area 1 0 1 Area II 2 1 Area III 8 1 Area IV 0 0 TOTAL 10 3 The report contained a detailed listing of the scavenging statistics at the request of the Board. DISTRICT ORDINANCE ENFORCEMENT OFFICER REPORT Mr. Shef presented the ordinance enforcement summary report for the five - week period beginning May 22, 2000, and ending June 25, 2000. Mr. Shef investigated new complaints and rechecked existing ordinance complaints, reporting the results to Staff. Mr. Shef reported the WAIG area was continually monitored during this period. Mr. Shef reported he has noticed approximately the same volume of white goods as in previous years. Mr. Shef reported he has noted more "clean -up" debris from remodeling. Mr. Shef reported he was frustrated with the lack of police assistance in apprehending repeat offenders. Mr. Burns advised Mr. Shef that a criminal complaint can be mailed and arraignment can be set by letter utilizing photographic evidence and a detailed information packet. Mr. Burns will advise Mr. Shef and Ms. Schmeisser on the criminal complaint process. Mr. Shef distributed 73 courtesy flyers to encourage compliance. COSTA MESA SANITARY DISTRICT MINUTES - BOARD OF DIRECTORS MEETING HELD JULY 13, 2000 CMSD STRATEGIC PLAN Mr. Harriers inquired as to when the Board would like to set up the initial meeting for the Costa Mesa Sanitary District Strategic Plan. The Board determined September would be a good month to begin the process. UPDATE ON COSTA MESA DISPOSALICLEANER BURNING ENGINES Mr. Hamers reported he received a letter from Costa Mesa Disposal, Inc. dated June 14, 2000, stating that all Costa Mesa Disposal trucks used to service Costa Mesa have been tested for emissions and are in compliance. The testing was completed by Truck Lubrication .Company, Inc. and will be repeated on a six -month basis. Mr. Harriers reported receipt of a letter from Raul Rangel in response to his letter to Costa Mesa Disposal inquiring of the use of alternative fuel for the trucks. Mr. Rangel reported the current regulations require any business with fifteen or more .diesel trucks to begin replacing them with trucks that burn alternative fuel. Costa Mesa Disposal currently operates twelve diesel trucks, exempting them from the requirement. Upon investigation, Mr. Rangel determined it would cost approximately $60,000 per truck to modify them for alternative fuel. Mr. Rangel reported they will begin replacement of their current trucks in approximately two years, and are considering the purchase of alternative fuel trucks at that time. ENGINEER'S REPORTS EMERGENCY WORK - W. 18TH STREET SEWER Mr. Harriers reported the work on 18th Street required by the City of Costa Mesa has been completed, however, a final reconciliation of costs is forthcoming. PROJECT 129 - BRISTOL STREET PUMPING STATION THREE -PARTY AGREEMENT AMENDMENT Mr. Harriers reported a three -party agreement is on file with the County between The Orange County Development Agency, the Costa Mesa Sanitary District, and the City of Newport Beach. Mr. Harriers reported the amendment has been reviewed by both himself and Mr. Burns and recommends approval. Director Woodside motioned to approve Amendment No 1 to Agreement No. D96 -162. Director Ferryman seconded. Motion carried unanimously. COSTA MESA SANITARY DISTRICT MINUTES - BOARD OF DIRECTORS MEETING HELD JULY 13, 2000 PROJECT 162 - USE OF ENZYMES FOR THE GREASE AND ODOR CONTROL Mr. Hamers reported the billing from Ennix Bio Service would normally appear on the warrant list as it is a routine item, but arrived too late for inclusion. Mr. Harriers reported the enzyme is working very well and recommended payment of $2,250.00. Director Ferryman motioned to approve payment to Ennix Bio Service in the amount of $2,250.00. Vice President Schafer seconded. Motion carried 5 -0. TREASURER'S REPORTS RESOLUTION NO. 2000 -638 - ADOPTING FINANCIAL POLICIES FOR THE 2006 -2661 FISCAL YEAR Ms. McKay presented Resolution No. 2000 -638, A RESOLUTION OF THE BOARD OF DIRECTORS OF THE COSTA MESA SANITARY DISTRICT ADOPTING FINANCIAL POLICIES FOR THE 2000 -2001 FISCAL YEAR. Vice President Schafer motioned to adopt Resolution No. 2000 -638. Director Woodside seconded. Motion carried unanimously. ATTORNEY'S REPORTS RECENT CASES OF INTEREST Mr. Burns reported there were two recent cases of interest he wanted to bring to the Board's attention. The first case concerned a wrongful bid award. In Kajima v MTA, a determination was made that MTA improperly calculated points given for the use of disadvantaged minority subcontractors, resulting in incorrectly awarding the bid to another company. Kajima sued for damages including $93,400 for bid preparation expenses, $1,298.589 in unabsorbed overhead expenses, $350,000 in lost profits and $139,829 in prejudgment interest. Kajima was awarded the damages for bid preparation and MTA appealed. The Supreme Court held that an unsuccessful bidder wrongly denied a contract by a public entity can be awarded its costs in preparing the bid, but not its lost profits. The second case concerned Pacific Bell v City of San Diego, and the Court of Appeal determined that a public entity is strictly liable for inverse condemnation damages. The City's water pipe burst due to corrosion, making the City liable although it was not negligent. COSTA MESA SANITARY DISTRICT 9 MINUTES - BOARD OF DIRECTORS MEETING HELD JULY 13, 2000 LOCAL MEETINGS INDEPENDENT SPECIAL DISTRICTS OF ORANGE COUNTY (ISDOC) EXECUTIVE COMMITTEE MEETING Vice President Schafer attended the ISDOC meeting and reported she was not elected to the LAFCO board and will retain her position as an alternate. Vice President Schafer reported ISDOC voted to back her on her CSDA nomination. LOCAL AGENCY FORMATION COMMITTEE ( LAFCO) SPECIAL DISTRICTS SELECTION COMMITTEE MEETING - THURSDAY, .TUNE 29, 2000 Vice President Schafer attended the June 29th LAFCO meeting and reported the Committee discussed the following: • Laguna Hills /Aliso Viejo vying for two pieces of property, a residential section and Laguna Hills Mall. • Seventy unincorporated islands must be annexed to surrounding cities. • COSTA MESA CHAMBER OF COMMERCE LEGISLATION COMMITTEE Vice President Schafer attended the Costa Mesa Chamber of Commerce Legislation Committee meeting and presented a report on the services the Costa Mesa Sanitary District is currently providing the residents of the City. ORANGE COUNTY SANITATION DISTRICT REGULAR MEETING - JUNE 28, 2000 Director Ferryman attended the June 28th meeting where an election was held. Director Ferryman reported Norman Eckenrode won for Chairman and Peter Green for Vice Chairman. Director Ferryman reported the Committee approved the Guidance Review Committee's recommendation for infiltration reduction. Director Ferryman reported an ad hoc committee has been formed to study urban runoff diversion and formulate a policy. Director Ferryman presented the final EIR on the Santa Ana River pipe replacement. COSTA MESA SANITARY DISTRICT 10 MINUTES - BOARD OF DIRECTORS MEETING HELD JULY 13, 2000 WATER ADVISORY COMMITTEE OF ORANGE COUNTY (WACO) Vice President Schafer attended the WACO meeting and reported they discussed water quality and legislative bills. Vice President Schafer presented her notes from the meeting for the Board to review. COUNCIL OF GOVERNMENTS (COG) Vice President Schafer did not attend the COG meeting. CALIFORNIA SPECIAL DISTRICTS ASSOCIATION (CSDA) APPOINTMENT OF DIRECTOR SCHAFER TO BOARD OF DIRECTORS Vice President Schafer reported she was elected to the CSDA Board of Directors. The term of this seat will expire in 2001. Vice President Schafer will attend her first CSDA Board of Directors meeting on August 11, 2000 in Sacramento. Vice President Schafer will provide Staff with a calendar of the dates she will be required to be in Sacramento. Costa Mesa Sanitary District will purchase the flight ticket for Vice President Schafer and the invoice will then be submitted to CSDA for reimbursement. SANTA ANA RIVER FLOOD PROTECTION AGENCY EXECUTIVE COMMITTEE MEETING OF .TUNE 22, 2000 Director Ferryman reported he was elected to the Executive Board. Director Ferryman reported the subvention fund is on track, and the Santa Ana River Flood Protection Agency is beginning to purchase land behind Prado Dam. Director Ferryman reported that there are still areas of Fountain Valley, Huntington Beach, and Westminster that are still in the flood zone despite the completion of Prado Dam. SPECIAL DISTRICT INSTITUTE SPECIAL DISTRICT ADMINISTRATION SEMINAR - OCTOBER 26 -27, 2000, AND BOARD SECRETARIES WORKSHOP - OCTOBER 28, 2000, ANAHEIM Mr. Hamers reported the Special District Administration is conducting a Board Secretaries Workshop to be held on October 28, 2000 at the DoubleTree Hotel in Anaheim. Ms. Revak will attend the Workshop. Directors will notify Ms. Revak if they are interested in attending the seminar to be held October 26 - 27, 2000. COSTA MESA SANITARY DISTRICT I 1 MINUTES - BOARD OF DIRECTORS MEETING HELD JULY 13, 2000 OLD BUSINESS There was no old business discussed. NEW BUSINESS SDRMA RENEWAL CONTRIBUTION IN THE AMOUNT OF $35,737.76 Mr: Hamers presented the SDRMA renewal contribution in the amount of $35,737.76. Director Ferryman motioned to approve payment to SDRMA in the amount of $35,737.76. Director Worthington seconded. Motion carried 5 -0. ORAL COMMUNICATIONS Director Worthington suggested the Board consider meeting with Midway City Sanitary District Board to view their facilities and discuss their approach to different subjects as a precursor to the Costa Mesa Sanitary District development of a strategic plan. Director Worthington reported Midway City's volume is similar to Costa Mesa Sanitary District's and they have instituted many programs that the Board would be interested in. Staff will contact Midway City to discuss possible meeting dates. ADJOURNMENT At 2:00 p.m. President Perry adjourned the meeting. Approximately 30 seconds after adjournment, with all members still in the room, Director Ferryman motioned to reconsider adjournment. Vice President Schafer seconded. Motion carried unanimously. The meeting time for the special meeting to discuss the financial report on August 7, 2000 was changed from 10:00 a.m. to 9:30 a.m. on August 7, 2000. Vice President Schafer motioned to adjourn the meeting. Director Ferryman seconded. Motion carried unanimously. At 2:02 p.m. President Perry adjourned the meeting. SECRETARY PRESIDENT SAN] 4 M�- -q os a esa Sanita Dis ict PO R—All: j Phone (714) 754 -5043 Fax (714) 432 -1436 Web Address wwwci.costa -m e sa.ca.us t Mailing Address P 0. Box 1200 Costa Mesa. CA 92628 -1200 Street Address 77 Fair Drive Costa Mesa, CA 92626 -6520 Board of Directors .Art Perm Arlene Schafer Greg Woodside James Fernnnan Dan F�orthington 0 ® ® Printed on Rer.rcled Paper August 4, 2000 Board of Directors Costa Mesa Sanitary District P. O Box 1200 Costa Mesa, CA 92628 -1200 SUBJECT: RETROACTIVE ADJUSTMENT TO JULY STATEMENT Dear Board of Directors: Based on the 2000 -01 trash rate per occupancy of $7.9787 (2.95% CPI increase), effective July 1, 2000, it is recommended that a warrant to Costa Mesa Disposal in the amount of $4,833.98 be prepared, as retroactive payment for the July occupancy count of 21,146. Sincerely, Tom Fauth Assistant Manager Attachment cc: Costa Mesa Disposal `4t 1A L, x33 ?k Phone (714) 754 -5043 Fax (714) 432 -1436 Web Address wwwei.costa- mesa.ca.us ,Mailing Address P O. Box 1200 Costa . Wesa, CA 92628 -1200 Street Address 77 Fair Drive Costa Mesa, CA 92626 -6520 Board of Directors Art Perry Arlene Schafer Greg Woodside .James Fernvntan Dan kf-�)rthington e ®® Pri.nred on ,recycled Paper Costa Mesa Samtar� i?istvict "U 17-F U" August 4, 2000 Board of Directors Costa Mesa Sanitary District PO Box 1200 Costa Mesa, CA 92626 SUBJECT: TRASH OCCUPANCY COUNT Dear Board of Directors: There has been an increase of 6 units in the occupancy report for solid waste collection as of August 1, 2000, therefore; the total for August 2000 is 21,152. It is recommended that: 1. The Board of Directors accept the occupancy count as presented. 2. The Board of Directors direct staff to prepare a warrant to Costa Mesa Disposal on September 1, 2000 for August collection based on this occupancy report so long as contractor fulfills obligations of agreement. Said payment in the amount of $168,765.46 to be ratified on the September 2000 warrant list. Sincerely, , Dawn Schmeisser Assessment Specialist Ds Attachment c: Costa Mesa Disposal w /Attachments A.P. NO. 422 - 163 -09 439 - 372 -22 425- 415 -01 AUGUST COUNT ADDRESS 554 &558 Joann 2282 Orchard Dr. 150 Broadway 21,152 AUGUST 2000 OCCUPANCY CHANGES EXISTING STATUS 4 units exempt 1 unit exempt 1 unit using curbside CHANGE NEEDED 4 units using curbside 1 unit using curbside 2 units using curbside CHANGED OCCUPANCY 8/7/2000 4 8/7/2000 1 8/7/2000 1 11 SANITq\ Mesa Sanitar's Disty'ct Costa yc0R�o R XV,- a , .� I Phone (714) 754 -5043 Fax (714) 432 -1436 Web Address wv1,-vvx i.cos to -m esa.ca.us Mailing Address P O. Box 1200 Costa -Vesa. CA 92628 -1200 Street Address 77 Fair Drive Costa Mesa, CA 92626 -6520 Board of Directors .4 rt Perry Arlene Schafer Greg G3 oodside James Ferryman Dan Worthington ®® Printed on Rec,t cicd Paper August 4, 2000 Board of Directors Costa Mesa Sanitary District P. O. Box 1200 % Costa Mesa, CA 92628 -1200 % SUBJECT: TRASH OCC/staff OUNT Dear Board of Directors: There has been an increase the occupancy report for solid waste collection as of August 1, 200, the total for August 2000 is 21,148. It is recommended that: 1. The Board of Directors acupancy count as presented. 2. The Board of Directors f to prepare a warrant to Costa Mesa Disposal on September 1 ugust collection based on this occupancy report so long as contra for fulfills obligations of agreement. Said payment in the amount of $168,7 .55 (based on 2000 -01 trash rate) to be ratified on the September'2000 wa ant list. Sincerely, Tom Fauth A/Costa nager At ccesa Disposal w /Attachment AUGUST 2000 OCCUPANCY CHANGES A.P. NO. ADDRESS EXISTING STATUS CHANGE NEEDED CHANGED OCCUPANCY 424 - 391 -12 1644 Whittier Ave. 1 unit using curbside 2 units using curbside 8/3/2000 1 422 - 102 -13 1966 Maple Avenue 1 unit using curbside 2 units using curbside 8/3/2000 1 AUGUST COUNT 21,148 2 INVOICE VORA= C90CCa9?00�3114443aaa1176 INVOICE 4: 1176 BILL 70: COSTA MESA SANITARY DIST. P.O. BOX 1200 COSTA MESA CA 92627 No. 368 Gel MAIL PAYMENT TO: CR TRANSFER. INC. P. O. BOX 125 STANTON, CA 9068.0.0125 TERAlS: NET 10 DAYS 'r0 PAY 8r ;AEOIT CAAO. PURSE FILL �~ 1M MBOR►GPON ON BACA OF qxwrf�ce INVOICE DATE: 8/01/00 CUSTOMER N: 09- 9 2 PREVIOUS AMOUNT DUE PAYMENTS CURRENT CHARGES TOTAL DUE 141,515.60 ! 140 932.36 F131,144.43 — _ — r r — — — — — — — r — — _ — rA/eooe tle1a— Aws and rortun wifh�our��ymonr r r — — — .. — _ — r — — CHECK A r r r r r r r r r r r r r r .. r r H � r • CR TRANSFER, INC. DATE DESCRIPTION .•DS 7' TONS RATE TOTAL 7/03/00 RESIDENTIAL WASTE 20 153.21 45.890 7,030.81 7/05/00 RESIDENTIAL WASTE 20 147.06 45.890 6,748.58 7/06/00 RESIDENTIAL WASTE 14 134.88 45.890 6,189.64 7/07/00 RESIDENTIAL WASTE 21 177.14 45.890 8,128.95 7/08/00 RESIDENTIAL WASTE 20 152.57 45.890 7,001.44 7/10/00 RESIDENTIAL WASTE 20 162.43 45.890 7,453.91 7/11/00 RESIDENTIAL WASTE 19 128.18 45.890 5,882.18 7/12/00 RESIDENTIAL WASTE 14 101.90 45.890 4,676.19 7/13/00 RESIDENTIAL WASTE 20 121.77 45.890 5,588.03 7/14/00 RESIDENTIAL WASTE 21 119.52 45.890 5,484.77 7/17/DO RESIDENTIAL WASTE 20 153.31 45.890 7,035.40 7/18/00 RESIDENTIAL WASTE 19 135.61 45.890 6,223.14 7/19/00 RESIDENTIAL WASTE 14 109.08 45.890 5,005.68 7/20/00 RESIowriAL WASTE 20 137.13 45.890 6,292.90 7/21/00 RESIDENTIAL WASTE 20 128.18 45.890 51882.18 7/24/00 RESIDENTIAL WASTE 20 149.41 45:890 6,856.42 7/25/00 RESIDENTIAL WASTE 19 128.60 45.890 5,901.45 7/26/00 RESIDENTIAL WASTE 14 107.17 45.890 4,918.03 7/27/00 RESIDENTIAL WASTE 20 133.11 45.890 6,108.42 7/28/00 RESIDENTIAL WASTE 21 129.43 45.890 5,939.54 7/31/00 RESIDENTIAL WASTE T=ALS 20 396 148.11 1299-7 Rill 45.890 6,796.77 I I'Al 144 41 IF YOU HAVE ANY QUESTIONS REGARDING ANY PART OF THIS INVOICE, PLEASE CALL: "REVIOUS AMOL.NT Du= PAYMENTS CURRENT CHARGES TOTAL DUE 141,515.60 140,932.36 131,144.43 L131, 727.67 CLS`OME�; a 09_ 9 2 INVOICE # 1176 OVE .iC,J= A VOUNTS SU3JEC T TO FINANCE CHARGE (714) 826 -9049 INVOICE TOTAL 131,144.43 G) , - . ",- NOW Description: July 2000 Recycling Services 530905 594 80000 1 20210 5131,144.43 Total $131,144.43 Approved: FROM : Ccsta Mesa Disposal, Inc. FAX NO. : 949 646 0950 l I IN VUIE Q40001174CQ63b1��9�pD1178 IMLL TM COSTA MESA SANITARY -SA UG 2.0. BOX 1200 COSTA MESA CA 92627 INVOICE r. 1178 Aug. 03 2000 10:32W P1 NU. :b4 Jbl MAIL rATV" I :U: CA 7FMSFEA, INC. _ P. Q BOX - 25 STANToK CA, Aosso4125 TERMS: MET, a DAYS Ta 1•a V AEon H mo� m °l oc aa.r1x �'� uwOlCE DATE: e /o1 /QO CUSTOMER t PREVIOUS AMOUNT DUE PAYMENTS CURRENT CHARGES TOTAL DUE 09 11 7 8,955.44 { 8,955.44 8,619.99 8 6 9.99 .. rr-- ..------------- P`ftdsrae.»h zAridraeuna0 r u - - -- CHECK CR TRABSlBR, INC. • - - - - 7/06/00 I ii8611rriAL .%AM 7 7111/00 ;tss==rjn XKM 1 71.12/00 RRS=Mrrm WASTE 6 7118/00 R88IDgNrj.AT, WASTE 1 7/19/00 RZS MIRTIAL WA6Tg , 6 7/23/00 RRSIDHATIAL WTg ( 1 7/26/00 T=IVM .'3.0 WASTE l 6 i CMSD De crintion: July 2000 Recvding Servic s - Santa! 54.68 5.72 36.18 6.01 40.22 4.67i Acct. I Fund I Org. I Program I P 'ect Amount 530005 1 594 1 80000 1 20210 1 1 1 $b,619.99 45.890 45.890 45.890 45.890 45.890 45.890 45.890 otal ,619.99 A roved: t t IF YOU HAVE ANY QUESTIOUS PSGARDtN )Tax NY PART OF THIS INVOICEAPLEn--E CALL: 2,509.27 262.49 1,660.30 275.80 1,845.70 2_4.31 1 ,852.3.2 14) 826 -9043 PREVIOUS AMOUNT DUE PAYMENTS CURRENT CHARGES TOTAL DUE INVOtCE TOTAL 8,955.44 i 8,955.44 L 81619.99 I 8.619.99 B 619.99 CUSTOMER !1: 09_ 11 7 INVOICE a 1179 ' OvEROUE xmoLNrs SUG -ECT TO FINANCE CHARGE oft —A —ter++ ti.. I r� r Costa Mesa Sanitary District yc�RpORATE��� PROJECT STATUS REPORT August 2000 Project 1112100 -128 Mesa /Birch Sewer Realignment Construction is complete. District is awaiting final billing statements from the County of Orange. Project 1112100 -129 Bristol Street Pumping Station The design phase is continuing. At a meeting on May 20, 1999, City of Newport Beach officials asked the District to research alternate pump station locations and differing sewer line alignments. CALTRANS looked favorably at the new alignment at a conceptual approval meeting on May 4, 2000. The design is once again proceeding. Project 1112100 -135 Reconstructing Force Main for Elden Pumping Station (Phase III Construction is complete. The District and City of Costa Mesa are awaiting comments from the State on the easement and rights -of -way documents submitted. Project 1112100 -147 Update Early Warning System Protecting Pumps Installation of heat and moisture sensors has been completed in six of seven pumping stations. Four other stations will have heat and moisture sensors when new pumps are installed when the old pumps reach their life expectancy. Project 1112100 -152 Televising Sewer Lines The project is continuing. Project 1112100 -153 Sewer Lateral Root Intrusion StudX The project is continuing. Project 1112100 -159 Televising Sewer Lines Program Years 98 -99, 99 -2000 A portion of the televising has been completed. Project 1112100 -161 Construct Water Service to Pumping Stations The design phase has been started. Project 1112100 -162 Pilot Program -Use of Enzymes to Control Grease and Odors The first enzyme system, by Ennix, was tested and was successful. An additional two month program to test the grease dissolving characteristics of the product has been initiated. 1 COSTA MESA.SANITARY DISTRICT .,9A BALANCE SHEET AS OF JUNE 30; 2000 FACILITIES SOLID WASTE LIQUID WASTE REVOLVING ACTUAL TOTALS. FUND FUND FUND Combined Fund* Fiscal Year(12 mos.) ACCOUNT NAME An of 6130/00(12mos.) 1998 -99 Current Assets: - Cash and Investments $2,677,548.31 $5,283,651.24 $1,723,451.61 $9,684,651.16 $6,554,294.22 Accounts Receivable 0.00 3,443.69 0.00 3,443.69 1,608.34 Returned 0.00 0.00 0.00 0.00 0.00 Taxes Receivable 68,687.71 16,088.31 0.00 - 84,776.02 0.00 Interest Receivable 90,210.35 43,847.16 0.00 134,057.51 0.00 Solid Waste Receivable 0.00 0.00 0.00 0.00 0.00 Liquid Waste Receivable 0.00 0.00 0.00 0.00 35,737.97 Grant Receivable Due From Other Governments 10,210.84 13,782.56 2,017.50 26,010.90 0.00 Prepaid items (insurance) 0.00 0.00 0.00 1 0.00 - 0.00 Total Current Assets 2,846,657.21 5,360,812.96 1,725,469.11 9,932,939.28 6,591,640.53 Property, Plant & Equip: Property Rights 0.00 4,025.00 0.00 4,025.00 4,025.00 Buildings and Structures 0.00 241,647.07 0.00 241,647.07 241,647.07 Subsurface Lines 0.00 19,022,487.79 316,420.90 19,338,908.69 16,783,763.97 Other Equipment 0.00 540,174.04 0.00 540,174.04 198,681.51 Construction in Progress 0.00 365,264.27 0.00 365,264.27 754,422_04 Total Prop., Plant, & Equip. 0.00 20, 173, 598 .17 316,420.90 20,490,019.07 19,982,539.59 Depreciation 0.00 (9,526,412.49) (10,547.36) (9,536,959.85) (8,513,718.91) Net Property, Plant & Equip 0.00 10,6471185.68 .3051873.54, 10,953,059.22 11, 468,820 .68 Total Assets $2,846,657.21 $16,007,998.64 i $2,031,342.65 $20,885,998.50 $18,060,461.21 Liab. and District Equity Current Liabilities: ,.to Payable 322,555.47 115,511.15 0.00 (j $438,066.62 $2,993.96 Payables 370.45 0.00 '0.00 $370.45 $370.45 Cr} CMSD Development Deposits 0.00 19,240.16 0.00 14,240.16 14,240.16 Sales and Use Tax Payable 0.00 0.00 0.00 Due to City of Costa Mesa 0.00 0.00 0.00 0.00 0.00 Due to Other Governments 0.00 235,004.38 0.00 235,004.38 21,189.56 Deferred Revenue 0.00 0.00 0.00 0.00 0.00 Total Current Liabilities 322,925.92 364,755.69 0.00 687,681.61 38,794.13 District Equity: Contributed Capital 0.00 4,670, 878 .65 0.00 4,670,878.65 4,616,698.65 Res for Trash Assessment Rfnd 0.00 0.00 0.00 0.00 0.00 Reserved for Capital Outlay 0.00 2,750,302.89 0.00 2,750,302.89 2,240,329.89 Unreserved 2,523,731.29 8,222,061.41 2,031,342.65 12,777,135.35 9, 917, 890.72 Current Earnings 0.00 0.00 0.00 0.00 1,246,747.82 Total Retained Earnings 2,523,731.29 15,643,242.95 2,031,342.65 15,527,438.24 13,404,968.43 Total District Equity 2,523,731.29 15,643,242.95 2,031,342.65 20,198,316.89 18,021,667.08 Total Liab. & Dist. Equity $2,846,657.21 $16,007,998.64 $2,031,342.65 $20,885,998.50 $18,060,461.21 1 R COSTA MESA SANITARY DISTRICT STATEMENT OF REVENUES AND EXPENSES AS OF JUNE 30, 2000 SEWER FACILITIES ACTUAL TOTALS SOLID WASTE LIQUID WASTE CONSTRUCTION REVOLVING Combined Fund. Fiscal Year(12 :count Name ))g[Q7 FUND FUND FOND A. of 6/30/00(12moe) 1998 - 1999 Operating Revenues: Solid Waste Charges 3,242,526.12 $0.00 0.00 0.00 3,242,526.12 3,417,03S.74 Liquid Waste Charges 0.00 1,382,404.91 0.00 0.00 1,382,404.91 1,456,819.34 Permits 6 Inspection Fees 0.00 23,044.18 0.00 0.00 23,044.18 14,694.00 O.C.S.D. Pees -CMSD Share 0.00 19,841.79 0.00 108,120.84 127,962.63 8,031.23 Other Charges for Services 46.85 46.85 0.00 0.00 93.70 804.8a Sale of Maps and Publ. 0.00 301.00 '0.00 0.00 301.00 74.00 Orange County Bankruptcy Reimb. 211,564.06 211,564.07 0.00 0.00 423,128.13 0.00 Other Reimbursements 544.98 544.98 0.00 (20,000.00) (18,910.04) 26,296.50 Reimb. Of Mandated costs 5,054.50 5,054.00 0.00 0.00 10,108.50 0 -00 Special Assessments 0.00 0.00 0.00 0.00 0.00 3,325.75 Total Operating Revenues 3,459,736.51 1,642,801.78 0.00 88,120.84 5,190,659.13 4,927,001.36 Operating Expenses: Solid Waste Disposal: Trash Hauler 1,966,843.60 0.00 0.00 0.00 1,966,843.60 1,755,505.51 Large Item Pick-Up 7,454.73 0.00 0.00 0.00 7,454.73 7,000.00 Contractual Services - General 04,943.46 0.00 0.00 0.00 84,943.46 100,593.92 Contract Code Enforcement 19,917.58 O.DO 0.00 0.00 19,917.58 14,536.17 Liquid Waste Disposal: 0.00 0.00 a.00 0.00 0.00 0.00 Sewer Repairs and Maintenance 0.00 82,203.04 0.00 0.00 82,203.04 13,498.71 Contractual Services - Liquid 0.00 500,838.74 0.00 0.00 500,838.74 631,513.71 Dump Charges: 0.00 0.00 0.00 0.00 0.00 0.00 Recycling and Disposal 1,638,937.41 0.00 0.00 0.00 1,638,937.41 1,323,551.36 General 6 Administration 0.00 0.00 0.00 0.00 0.00 0.00 Transcription Services 2,387.88 2,367.87 0.00 0.00 4,775.75 0.00 Board Member Fees 10,650.00 10,650.00 0.00 0.00 21,300.00 18,300.00 General Liability 17,868.98 17,868.99 0.00 0.00 35,737.97 36,240.60 Public Info /Edu 6 Com Prom (4,364.29) (4,364.30) 0.00 0.00 (8,728.59) 15,686.01 Manager /Engineer 17,514.00 145,322.65 0.00 0.00 162,836.65 131,716.00 Special Program Coate 9,139.31 0.00 0.00 0.00 9,139.31 32,826.91 Attorney 15,050.00 13,537.50 0.00 0.00 28,587.50 0.00 Travel S Meetings 2,986.50 2,986.40 0.00 0.00 5,972.90 2,385.00 Professional Organizations -Dues 1,933.00 1,933.00 0.00 0.00 3,866.00 6,242.22 ''hotocopy Supplies (1.00) (1.00) 0.00 0.00 (2.001 0.00 Itimedia Pram /Subsc s Postage 2,270.59 2,320.59 0.00 0.00 4,591.18 0.00 .editing Services 7,635.50 8,135.50 0.00 0.00 15,771.00 0.00 Professional Services 0.00 -0.00 0.00 0.00 0.00 0.00 Office Equipment 0.00 1,313.47 0.00 0.00 1,313.47 0.00 Depreciation 0.00 424,101.40 0.00 5,273.68 429.375.08 0.0D Total Operating Expense 3,801,167.25 1,209,233.85 0.00 5,273.68 5,015,674.78 4,009,598.92 OPERATING INCOIBE(LOSS) (341,430.74) 433,567.93 0.00 82 847.16 174,984.35 037,482.44 Nonoperating Revenue (Expenses): Investment Earnings 231,299.31 107,474.03 8,519.06 79,510.99 426,803.39 277;961.89 Taxes 339,285.63 286,686.45 - 0.00 0.00 625,972.20 144,302.51 Sewer Permits 0.00 3,045.00 0.00 0.00 1,045.00 0.00 Annexation Pees 42.50 42.50 0.00 0.00 85.00 0.00 Excessive Effluent Discharge 0.00 0,725.50 0.00 0.00 8,725.50 0.00 ERAF Reimbursement AB1661 686.19 686.19 0.00 0.00 1,372.38 0.00 Other State Grants 687.63 0.00 0.00 0.00 687.63 0.00 Other Governmental Agencies 4,865.78 0.00 0.00 0.00 4,865.78 0.00 Contributions 5,575.00 0.00 0.00 0.00 5,575.00 0.00 Gain (Logo) /Disposal of Assets 0.00 0.00 0.00 0.00 0.00 0.00 Nonoperating Income - Other 7,917.15 7,917.15 0.00 0.00 15,834.30 35,977.52 Gain (Lose) on Investments 0.00 0.00 0.00 0.00 0.00 0.00 Nonoperating Expenses - Other (478.43) (478.42) 0.00 0.00 956.85 0.00 Trustee Fees 195.61 195.61 0..00 0.00 391.22 0.00 Professional Services - Other 0.00 0.00 0.00 0.00 0.00 0.00 Capital Replacement Reserve 0.00 0.00 0.00 0.00 0.00 0.00 Total Nonoperating Rev (ExP) 590,076.57 414 294.01 8,519.06 79,510.99 _ 1,092,400.63 458,241.92 NET INCOME 248,645.83 847,861.94 B 519.06 162 358.15 $1,267,3 4.98 $1,295,724.36 ACCOUNT NAME Operating Revenues: Solid Waste Charges Other Charges for Services Other Reimbursements Orange County Bankruptcy Reimb. Reimbursement -Of Mandated Costs Special Assessments Total Operating Revenues Operating Expenses: Solid Waste Disposal: Trash Hauler Large Item Pick -Up Contractual Services - General Contract Code Enforcement Recycling and Disposal General & Administration Transcription Services Board Member Fees General Liability woo�A Public Info /Edu & Com prom aeAzlo Manager /Engineer Special Program Costs Attorney Travel & Meetings Professional Organizations -Dues Photocopy Supplies Multimedia Prom /Subsc & Postage Auditing Services Professional Services Depreciation Total Operating Expenses OPERATING INCOME(LOSS) Nonoperating Revenue (Expenses): Investment Earnings Taxes Annexation Fees EFAF Reimbursements Other State Grants Other Government Agencies Contributions Gain (Loss) /Disposal of Assets Nonoperating Income - Other Gain (Loss)/ Investments Nonoperating Expenses - Other Trustee Fees Professional Services - Other Capital Replacement Reserve Total Nonoperating Rev (Exp) NET INCOME COSTA MESA SANITARY DISTRICT STATEMENT OF REVENUES AND EXPENSES BUDGET VS ACTUAL SOLID WASTE FUND(594) FOR THE TWELVE MONTHS ENDED JUNE 30, 2000 BUDGET $ TES VARIANCE: Through June FAVORABLE 1998 -1999 (UNFAVORABLE) ACTUALS $3,690,277.00 $3,242,526.12 71,565.40 $455,750.88 $3,417,700.00 500.00 7,454.73 46.85 0.00 453.15 183,950.00 804.80 0.00 99,006.54 544.98 (544.98) 13,148.25 0.00 14,536.17 211,564.06 1,624,900.00 (211,564.06) 1,638,937.41 0.00 0.00 5,054.50 (5,054.50) 1,612.12 0.00 3,000.00 10,000.00 0.00 10,650.00 3,000.00 18,120.30 1,662.88 3,701,777.00 3,459,736.51 611.02 242,040.49 3,433,315.93 2,038,409.00 1,966,843.60 71,565.40 1,915,496.03 7,000.00 7,454.73 (454.73) 0.00 183,950.00 84,943.46 99,006.54 100,593.92 20,000.00 19,917.58 82.42 14,536.17 1,624,900.00 1,638,937.41 (14,037.41) 1,318,391.11 4,000.00 2,387.88 1,612.12 14,710.50 10,000.00 10,650.00 (650.00) 18,120.30 18,480.00 17,868.98 611.02 2,784.82 2,250.00 (4,364.29) 6,614.29 25,013.93 20,000.00 17,514.00 2,486.00 131,716.00 55,350.00 9,139.31 46,210.69 22,275.00 22,500.00 15,050.00 7,450.00 1,892.50 4,000.00 2,986.50 1,013.50 3,121.11 2,250.00 1,933.00 317.00 448.47 250.00 (1.00) 251.00 2,305.19 2,500.00 2,270.59 229.41 0.00 2,275.00 7,635.50 (5,360.50) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,018,114.00 3,801,167.25 216,946.75 3,571,405.03 (316,337.00) (341,430.74) 25,093.74 (138,089.10) 210,800.00 231,299.31 (20,499.31) 186,983.68 60,425.00 339,285.83 (278,860.83) 72,151.26 1,313.50 42.50 1,271.00 0.00 0.00 686.19 (686.19) 0.00 16,350.00 667.63 17,662.37 0.00 0.00 4,865.78 (4,865.78) 0.00 25,000.00 5,575.00 19,425.00 0.00 0.00 0.00 0.00 0.00 0.00 7,917.15 (7,917.15) 0.00 0.00 0.00 0.00 0.00 (1,000.00) (478.43) (521.57) 13,025.76 C.00 195.61 (195.61) 0.00 0.00 0.00 0.00 0.0r 0.00 0.00 0.00 0.( 314,888.50 590,076.57 (275,188.07) 272,160.70 ($1,448.50) $248,645.83 ($250,094.33) $134,071.60 3 t `,t STATEMENT OF REVENUES AND EXPENSES BUDGET VS ACTUAL nl LIQUID WASTE FUND(595) FOR THE TWELVE MONTHS ENDED JUNE 30, 2000 VARIANCE: Through June FAVORABLE 1998 -99 ACCOUNT NAME BUDGET ACTUALS (UNFAVORABLE) ACTUALS Operating Revenues: Liquid Waste Charges 1,487,866.00 82,203.04 1,382,404.91 105,461.09 13,498.71 1,456,819.34 771,320.00 Permits & Inspection Fees 10,000.00 270,481.26 23,044.18 (13,044.18) 3,045.00 14,694.00 O.C.S.D. Fees 6,000.00 1,313.50 19,841.79 (13,841.79) 10,000.00 8,031.23 10,650.00 Other Charges for Services 500.00 9,150.00 46.85 453.15 0.00 402.40 611.01 Other Reimbursements 0.00 544.98 (544.98) (4,364.30) 13,148.25 0.00 Orange County Bankruptcy Reimb. 0.00 158,200.00 211,564.07 (211,564.07) 12,877.35 0.00 131,716.00 Reimbursement -Of Mandated Costs 0.00 5,054.00 (5,054.00) 17,988.76 0.00 0.00 Sales of Maps 100.00 2,986.40 301.00 (201.00) 1,192.50 74.00 2,250.00 Special Charges 3,000.00 317.00 0.00 3,000.00 (195.61) 1,662.88 Total Operating Revenues 1,507,466.00 251.00 1,642,801.78 (135,335.78) 1,493,169.22 0.00 Operating Expenses: Liquid Waste Disposal: Sewer Repairs and Maintenance Contractual Services - Liquid General & Administration Transcription Services Board Member Dues General Liability Public Info /Edu & Com Prom Manager /Engineer Attorney Travel & Meetings Professional Organizations -Dues Photocopy Supplies Multimedia Prom /Subscrip & Post Auditing Services Professional Services Office Equipment Depreciation Total Operating Expenses OPERATING INCOME(LOSS) Nonoperating Revenue (Expenses): Investment Earnings Taxes Sewer Permits Annexation Fees Excessive Effluent Discharge EFAF Reimbursement Other State Grants Gain (Loss) /Disposal of Assets Nonoperating Income - Other Gain (Loss) on Investments Nonoperating Expenses - Other Trustee Fees Professional Services -Other Capital Replacement Reserve Total Nonoperating Rev (Exp) NET INCOME 28,550.00 107,474.03 82,203.04 (53,653.04) 13,498.71 . 771,320.00 500,838.74 270,481.26 72,151.26 631,513.71 3,045.00 4,000.00 - 2,387.87 1,612..13 1,313.50 0.00 10,000.00 10,650.00 (650.00) 8,725.50 9,150.00 (2,677.50) 18,480.00 0.00 17,868.99 611.01 18,120.30 2,250.00 0.00 (4,364.30) 6,614.30 0.00 7,844.41 0.00 158,200.00 0.00 145,322.65 12,877.35 131,716.00 0.00 22,500.00 13,537.50 8,962.50 17,988.76 20,193.86 0.00 4,000.00 0.00 2,986.40 1,013.60 (11000.00) 1,192.50 2,250.00 1,933.00 317.00 195.61 3,121.11 (195.61) 250.00 0.00 (1.00) 251.00 0.00 2,500.00 0.00 2,320.59 179.41 0.00 0.00 0.00 2,275.00 8,135.50 (5,860.50) 0.00 0.00 0.00. 0.00 0.00 1,450.00 1,313.47 136.53 0.00 0.00 424,101.40 (424,101.40) 0.00 1,028,025.00 1,209,233.85 (181,208.85) 836,350.61. 479,441.00 433,567.93 45,873.07 656,818.61 99,200.00 107,474.03 (8,274.03) 88,947.80 60,425.00 286,686.45 (226,261.45) 72,151.26 2,000.00 3,045.00 0.00 1,313.50 42.50 1,271.00 0.00 6,048.00 8,725.50 (2,677.50) 0.00 0.00 686.19 (686.19) - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7,917.15 (7,917.15) 17,988.76 0.00 0.00 0.00 0.00 (11000.00) (478.42) (521.58) 0.00 0.00 195.61 (195.61) 0.00 0.00. 0.00 0.00 0.00 0.00 0' 0.00 0.00 0.00 167,986.50 414,294.01 (245,262.51) 179,087.82 $647,427.50 $847,661.94 ($199,389.44) $835,906.43 4 • COSTA MESA SANITARY DISTRICT CONSTRUCTION IN PROGRESS* FOR THE TWELVE MONTHS ENDED JUNE 30, 2000 `A CONSTRUCTION IN PROGRESS: REVOLVING FUND 593 ACCT #500000 990007 #128 - Mesa /Birch Swr Relgn $221,000.00 0.00 0.00 0.00 $221,000.00 TOTAL CAP.IMPROVEMENT RSRV 221,000.00 0.00 0.00 0.00 221,000.00 GRAND TOTAL $3,283,712.22 $79,836.31 $354,587.39 $184,382.81 $2,849,288.52 *Unaudited Financial Statement 5 CAPITAL REPLACEMENT RESERVE PRIOR YEARS' CAPITAL BUDGET ENCUMBRANCES ACTUALS EXPENDITURES BALANCE PROG # CURRENT YEAR PROJECTS 0.00 71,973.00 6,527.00 990008 990001 4149 Sinking Fd /Swr Replm 320,000.00 0.00 0.00 0.00 320,000.00 990020 #156 Earthquake /Major Emerg.Sewer 277,000.00 0.00 0.00 0.00 277,000.00 990023 #159 Televising Sewer Lines (CRR) 18,000.00 0.00 0.00 0.00 18,000.00 990027 #164 Misc. Sewer Work /Manhole Adj 50,000.00 12,960.00 36,184.29 0.00 855.71 Current Year Sub -Total 665,000.00 12,960.00 36,184.29 0.00 615,855.71 CONSTRUCTION IN PROGRESS: REVOLVING FUND 593 ACCT #500000 990007 #128 - Mesa /Birch Swr Relgn $221,000.00 0.00 0.00 0.00 $221,000.00 TOTAL CAP.IMPROVEMENT RSRV 221,000.00 0.00 0.00 0.00 221,000.00 GRAND TOTAL $3,283,712.22 $79,836.31 $354,587.39 $184,382.81 $2,849,288.52 *Unaudited Financial Statement 5 PRIOR YEARS' PROJECTS 990007 #128- Mesa /Birch Swr Relgn 6,527.00 0.00 0.00 71,973.00 6,527.00 990008 #129 - Bristol St. Pump Stn. 131,487.00 0.00 8,450.79 90,419.85 123,036.21 990009 #135- Reconst.FrcMn E1denII 130,201.18 0.00 0.00 0.00 130,201.18 990017 #147- Update Early Wrn Sys 98,225.41 9,726.31 2,750.00 1,774.59 85,749.10 990001 #149 - Sinking Fd /Swr Replm 700,805.00 0.00 0.00 0.00 700,805.00 990002 4150- Update Pump Stn Alrm(FD BAL) 16,527.30 0.00 330.99 0.00 16,196.31 990003 #151 - Reconst. Var Swr Lns 361,303.00 54,900.00 165,260.11 8,863.00 141,142.89 990019 4152- Televising Swr Lines 15,236.00 0.00 0.00 0.00 15,236.00 990005 #153- Swr Lat Root Study 14,055.00 0.00 9,639.00 0.00 4,416.00 990019 4155 -Swr Master Plan 18,000.00 0.00 0.00 6,110.44 18,000.00 990020 4156 -Major Emerg Swr Lines 596,827.01 0.00 0.00 0.00 596,827.01 990021 4157- Televising Swr Lines 17,000.00 0.00 0.00 0.00 17,000.00 990023 #159- Televising Swr Lines 17,000.00 0.00 8,622.52 0.00 8,377.48 990024 4161 - Constr Water Svc,ll Stns 70,000.00 0.00 4,725.00 0.00 65,275.00 990025 #162 -Pilot ProgvAJse of Enzymes 60,000.00 2,250.00 6,950.00 0.00 50,800. 990026 #163 - Upgrade Eme�g Response Sys 134,758.07 0.00 102,333.62 5,241.93 32,424. 990027 #164- Misc.Swr Work /Manhole 9,760.25 0.00 9,341.07 0.00 419.18 Total Operating Expenses 2,397,712.22 66,876.31 318,403.10 184,382.81 2,012,432.81 TOTAL CAP.REPLACEMENT RSRV $3,062,712.22 $79,836.31 $354,587.39 $184,382.81 $2,628,288.52 CONSTRUCTION IN PROGRESS: REVOLVING FUND 593 ACCT #500000 990007 #128 - Mesa /Birch Swr Relgn $221,000.00 0.00 0.00 0.00 $221,000.00 TOTAL CAP.IMPROVEMENT RSRV 221,000.00 0.00 0.00 0.00 221,000.00 GRAND TOTAL $3,283,712.22 $79,836.31 $354,587.39 $184,382.81 $2,849,288.52 *Unaudited Financial Statement 5 r` ;lo <.1 Y COSTA MESA SANITARY DISTRICT Warrant Resolution No. CMSD 2001 -02 A RESOLUTION OF THE COSTA MESA SANITARY DISTRICT ALLOWING CERTAIN CLAIMS AND DEMANDS, AND SPECIFYING THE FUNDS OUT OF WHICH THE SAME ARE TO BE PAID. THE BOARD OF DIRECTORS OF THE COSTA MESA SANITARY DISTRICT DOES HERBY ORDER AND RESOLVE AS FOLLOWS: Section 1. That the attached claims and demands have been audited as required by law and that the same are hereby allowed in the amounts and ordered paid out of the respective fund, as hereinafter set forth. Section 2. That the Clerk of the District shall certify to the adoption of this Resolution and shall deliver a certified copy to the Finance Department and shall retain a Certified copy thereof in her own records. PASSED AND ADOPTED this 10th day of August 2000. ATTEST: Secretary STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss COSTA MESA SANITARY DISTRICT ) President I, JOAN REVAK, Clerk of the Costa Mesa Sanitary District, hereby certify that the foregoing Warrant Resolution No. CMSD 2001 -02 was duly adopted by the Costa Mesa Sanitary District at a regular meeting held on the 10'h day of August 2000. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal of the Costa Mesa Sanitary District on this 10`h day of August 2000. Clerk of the Costa Mesa Sanitary District Report ID: CCM. City of Costa Mes runts Payable Par 1 SUMMARY CHL,,K REGISTER Run Lace Aus 04,2000 Bank: CMSD Run Time 10:34:54 AM CYde; 01 X-149 Payment Re Date Status Remit To 0917 07/13/00 P SDRMA Line Description: SDRMA Renewal 2000 -2001 0918 07/13/00 P Ennix Inc Line Description: Professional Services: 0919 07/13/00 P Manhole Adjusting Inc Line Description: Adjust M/H to Grade 0920 07/26/00 P Cals Cameras & Video Inc Line Description: Film for Code Enf Officer 0921 07/26/00 P National Notary Association Line Description: Mbrshp Rnwl 4 D Schmeisser 0922 07/26/00 P Photomax Supply Co Line Description: Film for Code Enf Officer 0923 07/26/00 P Robin B Hamers & Associates Inc Line Description: Reimb to Mgr Ins Ded Cell Phne 0924 08/01/00 P Costa Mesa Disposal Line Description: Trash Collection for July 2000 0925 08/01/00 P OCDM Marketing Company Line Description: Mailing Postcards 4 Trash Inc End of Report Remit ID Payment Amt 0000005163 0000007955 0000003046 0000001557 0000003301 0000007325 0000003842 U , 0000000330 + 0000008725 + 35,737.76 2,250.00 2,850.00 107.75 36.00 14.40 50.00 163,883.61 800.85 Report ID: CCM2001 City of Costa Mesa Accounts Payable Page No. 2 SUMMARY CHECK REGISTER Run Date Aug 04,2000 Bank: CMSD Run Time 10:34:54 AM C cl Payment Re Date Status Remit To 0926 08/01/00 P Sunflower Travel Line Description: Airline Tickets 4 Dir Schafer Remit ID Payment Amt 0000005881 508.00 TOTAL $206,238.37 r Enk :port Report ID: CCM City of Costa Mes vents Payable Pa 1 SUMMARY CHL. K REGISTER Run Late Atig 04,2000 Bank: CMSD Run Time 10:17:58 AM Cycle: Payment Re Date Status Remit To Remit ID Payment Amt 0927 08/10100 P Arlene Schafer 0000005152 300.00 Line Description: Attend Mtgs July 2000 0928 08/10/00 P Arthur Perry 0000005153 200.00 Line Description: Attend Mtgs July 2000 0929 08 /10100 P Atlas Underground Company '0000005155 56,060.96 Line Description: Mobilization Emergency Work for 18th Street 0930 08/10/00 P Bank of America Bankcard Center 0000001174 2.44 Line Description: Bankcard Charges 4 June 2000 0931 08/10/00 P CR Transfer Inc 0000005159 139,764.42 Line Description: Recycling Services 4 July 2000 Recycling Services 4 July 2000 1 of Ht 0932 08/10/00 P Consolidated Reprographics 0000001771 211.67 Line Description: Misc Sewer Blueprints 0933 08/10/00 P Curbside Inc 0000006461 1,920.00 Line Description: HHW Collection for June 2000 0934 08/10/00 P Dan Worthington 0000005158 300.00 Line Description: Attend Mtgs July 2000 0935 08/10/00 P Dawn Schmeisser 0000004713 595.43 Line Description: Monthly Bonus 4 July 2000 )rt ID: CCM2001 City of Costa Mesa Accounts Payable Page No. SUMMARY CHECK REGISTER Run Date Aug 04,: k: CMSD Run Time 10:17:51 -�GMSB Payment Re Date Status Remit To 0936 08/10/00 P Diashowa America Company Ltd Line Description: Phone Bk Recycle Prog 0937 i,M /10/00 P Ennix Inc Line Description: Pilot Program -Use of Enzymes 0938 08/10/00 P Greg Woodside Line Description: Attend Mtgs July 2000 0939 08/10/00 P Harper & Burns LLP Line Description: Legal Services for July 2000 0940 08/10/00 P James Ferryman Line Description: Attend Mtgs July 2000 0941 08/10/00 P Joan Revak Line Description: Monthly Bonus 4 July 2000 0942 08/10/00 P LaBelle Marvin Line Description: Emergency Repair 18th Street 0943 08/10/00 P Peggy Preston Line Description: Minutes for July 2000 0944 08/10/00 P Peninsula Pump Corp Line Description: 2 Flygt Sewage Pumps Remit ID 0000008777 �V 9 yccc 0000007955 0000006829 0000005161 0000005156 0000005717 0000002889 0000003680 0000003587 Payment Amt 4,976.50 2,23A.Q ®' 1,925.00 100.00 700.71 1,102.50 441.59 9,681.91 Report ID: CCM City of Costa Mes ounts Payable Pa 3 SUMMARY CHL..K REGISTER Run Ldte Aug 04,2000 Bank: CMSD Run Time 10:17:58 AM Cycle: Payment Re Date Status Remit To Remit ID Payment Amt 0945 08/10/00 P Robin B Hamers & Associates Inc 0000003842 13,322.00 Line Description: Eng Srvcs Inspection July 2000 Eng Srvcs Proj #161 July 2000 Eng Srvcs Plan Check July 2000 Eng Srvcs Monthly Rtnr July 00 District Mgmt Srvcs July 2000 0946 08/10/00 P Ronald Shef 0000005511 1,755.19 Line Description: Code Enforcement Offcr July 00 0947 08/10/00 P Stericycle Inc 0000005564 913.51 Line Description: Sharps Cntnrs Ramsay Rexall Sharps Cntnrs Steven Pharmacy Sharps Cntnrs Stevens Pharmacy Sharps Cntnrs Rite Aid Sharps Cntnrs Rite Aid Sharps Cntnrs Stevens Pharmacy TOTAL $236,723.83 End of Report RH 08/02/2000 1:21 PM 0 � s c� Detail of Director's Meetings - Month of July 31, 2000 James Ferryman 07/13/2000 CMSD Regular Board Meeting 100.00 100.00 Art Perry 07/11/2000 CMSD Recycling Committee Meeting 100.00 07/13/2000 CMSD Regular Board Meeting 100.00 200.00 Arlene Schafer 07/07/2000 WACO Meeting 100.00 07/13/2000 CMSD Regular Board Meeting 100.00 0719/2000 Chamber of Commerce Legislaive Comm. Mtg. 100.00 300.00 Greg Woodside 07/13/2000 CMSD Regular Board Meeting 100.00 0719/2000 Chamber of Commerce Legislaive Comm. Mtg. 100.00 200.00 U Dan Worthington D 07/06/2000 Taping w /Media One outreach Programm 100.00 m 0711/2000 CMSD Recycling Committee Meeting 100.00 07/13/2000 CMSD Regular Board Meeting 100.00 ill 11 0 0 ft , COSTA MESA SANITARY DISTRICT Minutes of the Board of Directors Special Meeting Held June 13, 2000 The Board of Directors of the Costa Mesa Sanitary District attended a meeting of the Costa Mesa Sanitary District Recycling Committee at 9:00 a.m. in conference room 3A at the Civic Center, 77 Fair Drive, Costa Mesa. Directors Present: Dan Worthington, Arlene Schafer Staff Present: Rob Harriers, Joan Revak, Dawn Schmeisser, Ron Hayes Recycling Program Participation Update Sharps Ms. Revak reported a site visit by staff was made to each of the Sharps program participating pharmacies to ensure CMSD labels were placed on the containers. As reported by Director Worthington at the Board of Directors meeting of May 11, 2000, the containers at Steven's Pharmacy did not have CMSD labels attached. Labels have been provided to Steven's Pharmacy as well as Rite Aid and Rexall Ramsay. Additionally, Ms. Revak displayed a sample of new green binders with CMSD logo and "Sharps Log" imprinted in gold, which were delivered to each participating pharmacy. The binders include new log sheets with CMSD logo and a District boundary map. Ms. Revak provided copies of Sharps agreements for White Front Pharmacy and College Pharmacy and Surgical Supply along with Stericycle Agreements. The Board approved the addition of these two new Sharps locations at the regular Board of Directors meeting on May 11, 2000. Application to the Orange County Health Care Agency was made and approved. Additionally, Ms. Revak reported at the onset of the Home Generated Sharps Disposal Program, letters were sent by staff to local hospitals /clinics advising them of the program. A list of hospitals /clinics notified was provided to the Committee. Staff has recently sent updated letters to Hoag Hospital, College Hospital and Mesa Verde Convalescent Hospital. City of Costa Mesa Public Safety Emergency Services Expo - May 21, 2000 Ms. Schmeisser reported that staff participated in the City of Costa Mesa Public Safety Emergency Services Expo on May 21, 2000. The District sponsored a recycling booth giving away CMSD pencils, chip clips, recycling information and held a "Count the Cans" contest. CR Transfer provided four bales of different recycled products and a representative was in attendance. The contest was very successful with over two hundred contestants participating. Ms. Schmeisser informed the Committee there were COSTA MESA SANITARY DISTRICT 2 Minutes of the Board of Directors Special Meeting June 13, 2000 six winners who received either a $50 or $75 savings bond purchased with prize money donated by Costa Mesa Disposal and CR Transfer. Survey of Orange County Trash Hauling Programs Ms. Revak provided an update of the Survey of Orange County Trash Hauling Programs, being conducted by Staff. Ms Revak apprised the Committee of the difficulty in obtaining information from a few cities. A final request to those cities will be made, providing them with a draft survey and encouraging inclusion of data from their city before countywide distribution. The survey should prove beneficial in evaluating the District's trash hauling services and in decision - making with regard to purchasing standardized containers. Staff will update the survey yearly to reflect current information. Public Outreach Program Tour of CR Transfer by Director Worthington and Media One Director Worthington informed the Committee that he and Media One would be going back to CR Transfer on June 15 to videotape, showing ways of recycling trash. They plan to spend about an hour at CR Transfer and will also videotape trash trucks and method of semi - automatic collection. Additionally, they will go into typical neighborhood showing truck going out to curb collecting trash. Director Worthington advised the Committee he and Media One would visit the pharmacies that participate in the Sharps program and give an explanation of how to pick up containers and take to the pharmacies for recycling. Curbside. Inc. will be contacted to arrange a date to video an actual visit to a District residence collecting HHW products. The telephone book program and large item one -time pickup program will also be featured, and, according to Director Worthington the final video should be produced within sixty days. Standardized Container Program Implementation of the standardized container program will be discussed at the CMSD Study Session at 12:00 p.m. on Tuesday, June 13, 2000 .q, COSTA MESA SANITARY DISTRICT 3 Minutes of the Board of Directors Special Meeting June 13, 2000 Large Item Collection Ms. Revak reported the Large Item Collection program would begin June 19 and run through the week of August 21, 2000. Director Worthington inquired as to the status of the City's large item collection program and Staff will obtain the information and give a report at the June 15, 2000 regular Board of Directors' meeting. The meeting was adjourned at 10:12 a.m. The Board of Directors of the Costa Mesa Sanitary District took no action. Secretary President rt j COSTA MESA SANITARY DISTRICT Board of Directors Study Session held June 13, 2000 The Board of Directors of the Costa Mesa Sanitary District attended a duly noticed Study Session on June 13, 2000 at 12:00 p.m., in Conference Room 5A at the Civic Center, 77 Fair Drive, Costa Mesa. Directors Present: Arthur Perry, Arlene Schafer, Greg Woodside, James Ferryman, Dan Worthington Staff Present: Robin Harriers, Manager /Engineer; Joan Revak, Clerk of the District; Dawn Schmeisser, Assessment Specialist; Marc Puckett, Treasurer; Ron Hayes, Accountant, Finance Topics discussed at the Study Session were the 2000 -2001 Budget and the 2000- 2001 Statement of Investment Policy. Preliminary Trash and Sewer Rates for 2000 -2001 were also reviewed. No action was taken by the Board of Directors. , COSTA MESA SANITARY DISTRICT Minutes of Board of Directors Regular Meeting held June 15, 2000 CALL TO ORDER The Board of Directors of the Costa Mesa Sanitary District met in regular session on June 15, 2000, at 6:00 p.m., in Room 5A of the Civic Center, 77 Fair Drive, Costa Mesa. President Perry called the meeting to order at 6:00 p.m. Vice President Schafer led the Pledge of Allegiance. Director Woodside gave the invocation. ROLL CALL: Directors Present: Directors Absent: Art Perry, Arlene Schafer, Greg Woodside, James Ferryman, Dan Worthington None Staff Present: Robin Harriers, Manager /Engineer; Alan Burns, Legal Counsel; Joan Revak, Clerk of the District; Marc Puckett, Treasurer; Ron Shef, District Ordinance Enforcement Officer. Others Present: Brian Johnson 33971 Selva Road Suite 135 Dana Point, CA 92629 CONSENT CALENDAR On motion by Vice President. Schafer and seconded by Director Woodside, the Consent Calendar was unanimously approved. . MINUTES Approved Minutes of The minutes for the Recycling Committee meeting of May 9, Recycling Committee 2000, were approved as distributed. Meeting, May 9, 2000 COSTA MESA SANITARY DISTRICT MINUTES - BOARD OF DIRECTORS MEETING HELD JUNE 15, 2000 2 , r Approved Minutes of The minutes for the regular meeting of May 11, 2000, were Regular Meeting approved as distributed. May 11, 2000 Approved Minutes of The minutes for the study session of May 31, 2000, were Study Session approved as distributed. May 31, 2000 REPORTS MANAGER'S REPORTS Approved Occupancy The Trash Occupancy Count documented a decrease of 11 Report and payment of units in the occupancy report for solid waste collection as of $163,875.86 to Costa June 1, 2000. Therefore, the total for June is 21,145. Board Mesa Disposal for trash directed Staff to prepare a warrant for $163,875.86 to Costa collection services for Mesa Disposal on July 1, 2000, for payment for June trash June 2000 collection based on the June count of 21,145. REFUNDS In accordance with Resolution No. 96 -584, adopted by the Costa Mesa Sanitary District on April 17, 1996, the following refunds were granted subsequent to receiving a signed statement from the applicants: Approved Refund Approved refund to: Brian Williams of 685.48 Parcel address: 787 Shalimar to Brian Williams Assessor's Parcel Number: 424 - 054 -04 Number of Units: 4 Trash Refund: 685.48 Parcel is using a private dumpster service Approved Refund Approved refund to: Gary Cox of 120.00 Parcel address: 1920 Newport Blvd. to Gary Cox Assessor's Parcel Number: N/A Parcel was relocating fixtures, not adding additional fixtures RECYCLING REPORTS Waste Diversion Report The Waste Diversion Report for April 2000 showing a 51.32 April 2000 was received percent diversion rate was received and filed. and filed. AL COSTA MESA SANITARY DISTRICT 3 MINUTES - BOARD OF DIRECTORS MEETING HELD JUNE 15, 2000 �1 Waste Diversion Report The Waste Diversion Report for May 2000 showing a 51.46 May 2000 was received percent diversion rate was received and filed. and filed. Approved Contract The Board approved contract payment to CR Transfer for Payment to CR Transfer recycling services and disposal for the month of May 2000 in for $145,505.72 the amount of $145,505.72. ENGINEER'S REPORTS Project Status Report was The Project Status Report for June 2000, was accepted as received and filed. submitted. TREASURER'S REPORTS Financial Report as of The Financial Report as of May 31, 2000, was accepted as May 31, 2000, was submitted. received and filed Report of Monies on The Report of Monies on Deposit as of May 31, 2000, was Deposit as of accepted as submitted. May 31, 2000, was received and filed Approved Warrant 2000 -12 Warrant Resolution #CMSD 2000 -12 was approved, for June 2000, in the authorizing the President and Secretary to sign the warrant amount of $489,338.04 and instructing the Finance Department to draw a warrant from the Costa Mesa Sanitary District General Fund in the amount of $489,338.04. END OF-CONSENT CALENDAR -------------------------------------------------------------------------- - - - - -- ENGINEER'S REPORTS 2100 CANYON DRIVE - SEWER SERVICE Mr. Hamers introduced Mr. Brian Johnson who spoke to the Board regarding a 22 -unit single family home development he is proposing to build at 2100 Canyon Drive. Mr. Johnson reported seven of the proposed units will utilize the existing sewer in Canyon Drive and fifteen will gravity sewer to an existing manhole just upstream of the existing Westbluff Sewer Lift Station. Mr. Johnson proposed to relocate an existing sewer force main, pump station power line, and existing power pole to accommodate the development. Mr. Hamers reported Mr. Johnson will construct an on -site gravity sewer main to serve the 15 houses, which will be located in a new easement to the District and construct a new force main back into Canyon Drive. Mr. Hamers reported the additional houses will not be COSTA MESA SANITARY DISTRICT MINUTES - BOARD OF DIRECTORS MEETING HELD JUNE 15, 2000 4 a burden for the pumping station. Mr. Hamers reported Mr. Johnson also agreed to provide additional improvements inside the pumping station. Director Ferryman motioned to approve the presentation in concept subject to the finalization of the plan and performance of the items outlined in his letter of May 25, 2000. Vice President Schafer seconded. Motion carried unanimously. WRITTEN COMMUNICATIONS Ms. Revak reported there were no written communications. PUBLIC COMMENTS There were no public comments made. MANAGER'S REPORTS RECYCLING COMMITTEE RECYCLING PROGRAM PARTICIPATION UPDATE SHARPS Director Worthington reported labels have been delivered to Steven's Pharmacy, Rite Aid, and Rexall Ramsay to place on the sharps containers. A "Sharps Log" imprinted with the Costa Mesa Sanitary District logo was also given to the three pharmacies. An update letter advising local hospitals /clinics of the program has been sent to Hoag Hospital, College Hospital, and Mesa Verde Convalescent Hospital. An update letter will also be sent to all medical facilities that were originally notified of the program. AGREEMENT WITH WHITE FRONT PHARMACY AND STERICYCLE AGREEMENT WITH COLLEGE PHARMACY & SURGICAL SUPPLY AND STERICYCLE Vice President Schafer motioned to approve the agreements between the District and White Front Pharmacy and Stericycle, and the District and College Pharmacy & Surgical Supply and Stericycle, subject to review and approval of the agreement by Mr. Burns. Director Worthington seconded. Motion carried unanimously. CITY OF COSTA MESA PUBLIC SAFETY EMERGENCY SERVICES EXPO - MAY 21, 2000 Director Worthington reported Ms. Schmeisser and Donna Theriault, City of Costa Mesa Management Analyst, attended the City of Costa Mesa Public Safety Emergency Services Expo. Costa Mesa Sanitary District had a recycling booth giving away pencils, chip clips, recycling information and a "count the cans" contest. Director Worthington reported 200 people participated in the contest. There were COSTA MESA SANITARY DISTRICT 5 MINUTES - BOARD OF DIRECTORS MEETING HELD JUNE 15, 2000 six winners who received either a $50 or $75 savings bond purchased with prize money donated by Costa Mesa Disposal and CR Transfer. SURVEY OF ORANGE COUNTY TRASH HAULING PROGRAMS Director Worthington reported the latest survey entitled "Costa Mesa Sanitary Distinct Orange County Residential Trash Collection Survey - May 2000" contains a column to designate whether the trash collection is franchised or not. Director Worthington noted three of the 33 Cities included in the survey did not franchise. The Board directed Staff to complete the compilation of the survey and mail copies to the participants. Board further directed Staff to maintain the survey on an annual basis. PUBLIC OUTREACH PROGRAM Director Worthington reported Media One is now part of AT &T. Director Worthington reported the film. crew accompanied him to CR Transfer to tape approximately an hour of footage. Director Worthington reported the film crew then went to Costa Mesa Disposal and videotaped a demonstration of a truck handling a 60- gallon container. Director Worthington will meet with the film crew in two weeks to obtain more footage for the video. Director Worthington reported Terry Schneider will be leaving CR Transfer to pursue another job opportunity. FRANCHISE OF MULTI - FAMILY WASTE HAULING SERVICES Director Worthington presented an article entitled "Why have exclusive contracts for solid waste collection and disposal ? ", and noted the article would be informative reading for Costa Mesa City Council members. LARGE ITEM COLLECTION Ms. Revak reported the Large Item Collection program would begin June 19, 2000 and end on August 21, 2000. Ms. Revak reported the City's program would begin on July 17, 2000 to July 28, 2000 to service the multi - family residences. The City's commercial multi - family haulers, Rainbow Disposal, South Coast Refuse, Ware Disposal and Waste Management, have agreed to participate in the City program. COSTA MESA SANITARY DISTRICT MINUTES - BOARD OF DIRECTORS MEETING HELD JUNE 15. 2000 6 1 SOURCE REDUCTION AND RECYCLING ELEMENT AB 939 UPDATE ON ACTIVITIES ANTI - SCAVENGING AND SCREENING OF TRASH CONTAINERS ENFORCEMENT REPORTS POLICE REPORT Mr. Hamers presented a memorandum providing the statistics for the month of May 2000. The number of calls for service for scavenging are as follows: Location Calls for Service Cite /Arrest Area 1 3 0 Area II 1 0 Area 1111! 15 0 Area IV 0 0 TOTAL 19 0 The report contained a detailed listing of the scavenging statistics at the request of the Board. DISTRICT ORDINANCE ENFORCEMENT OFFICER REPORT Mr. Shef presented the ordinance enforcement summary report for the four - week period beginning April 24, 2000, and ending May 21, 2000. Mr. Shef investigated new complaints and rechecked existing ordinance complaints, reporting the results to Staff. Mr. Shef distributed 45 courtesy flyers to encourage compliance. Mr. Shef reported the new courtesy notice was easy and convenient to use. CMSD STRATEGIC PLAN Mr. Hamers presented a letter from Mr. Robert Rauch dated May 23, 2000 containing clarification to Mr. Rauch's proposal letter of April 27, 2000. The Board reviewed the clarification letter. Mr. Hamers reported Mr. Rauch is ready to begin work on the strategic plan process in August after the new Assistant Manager joins the Staff. COSTA MESA SANITARY DISTRICT 7 MINUTES - BOARD OF DIRECTORS MEETING HELD JUNE 15, 2000 ENGINEER'S REPORTS - REVISITED EMERGENCY WORK - W. 18TH STREET SEWER Mr. Hamers reported the City of Costa Mesa is in the process of rehabilitating West 18th Street between Anaheim Avenue and Whittier Avenue. Prior to the City's work, the Water District replaced their water line and the services to each residence. During their construction, they discovered voids, or pockets with no soil, in the District's sewer line trench: Reconstruction of these areas was included in the City's bid documents and has been completed. The District will be reimbursing the City for the work. Mr. Hamers reported the item of work was competitively bid in the City's bid documents. During reconstruction of the voids, excess ground water was found, particularly in the District's sewer trenches. The ground water caused the sewer trenches, installed in the 50s and 708, to be below the required 90 percent compaction level. The City is requiring the District to remove three feet of soil in the trenches and replace it with City- approved crushed miscellaneous base (CMB). The District has approximately 6,000 feet of sewer where this applies. The City's contractor proposed a fee of $66 per linear foot. The District negotiated a price of $18 per linear foot, saving the District $288,000. The District will also be responsible for delay costs for the City's prime contractor and for compaction testing of the work done by Atlas Underground, the District's contractor. Mr. Puckett prepared a budget adjustment of $215,000 to cover the emergency work on West 18th Street. Vice President Schafer motioned to ratify Mr. Hamer's actions in the emergency situation and approval of the $215,000 budget adjustment. Director Ferryman seconded. Motion carried 5 -0. CLAIM - 614 MICHAEL PLACE /DOUGLAS PRICHARD Mr. Hamers presented a letter from SDRMA from April 8, 2000, that accompanied a check for $5,288.53 payable to Douglas Prichard as final settlement of his claim against the District for property damage caused by a sewer blockage. Mr. Hamers reported the District's share is $500. Director Woodside motioned to authorize payment of the $500 deductible. Director Ferryman seconded. Motion carried 5 -0. COSTA MESA SANITARY DISTRICT 8 MINUTES - BOARD OF DIRECTORS MEETING HELD JUNE 15, 2000 TREASURER'S REPORTS COMPENSATION POLICY RE TAX IMPACT ADJUSTMENTS Mr. Puckett reported he contacted Mr. Graichen, tax consultant, to discuss Mr. Graichen's findings regarding the treatment of compensation bonus monies. Mr. Puckett determined the bonus payments put an additional tax burden on the employee and recommended the District adopt a practice of setting the bonus amount and then "grossing up" the payments by 13.2% of the base amount to make the employee whole as if the bonus payments had been treated as reportable earnings on their W -2. Further, Mr. Puckett asked the Board to determine if such policy would be made retroactive to the date of the bonus payments to Ms. Revak and Ms. Schmeisser, January 1, 2000. Director Ferryman motioned to approve a practice of determining a bonus amount and then "grossing up" that amount by 13.2 percent and making the payments to Ms. Revak and Ms. Schmeisser retroactive to January 1, 2000. Director Worthington seconded. Motion carried 5 -0. RESOLUTION NO. 2000 -637 - 2000 -2001 DISTRICT BUDGET Mr. Puckett presented Resolution No. 2000 -637, A RESOLUTION OF THE BOARD OF DIRECTORS OF THE COSTA MESA SANITARY DISTRICT, ADOPTING A BUDGET FOR THE FISCAL YEAR 2000 -01. Vice President Schafer motioned to adopt Resolution No 2000 -637 - 2000 -2001, District Budget. Director Ferryman seconded. Motion carried 5 -0. RESOLUTION No. 2000 -636 - 2000 -2001 INVESTMENT POLICY Mr. Puckett presented Resolution No 2000 -636, A RESOLUTION OF THE BOARD OF DIRECTORS OF THE COSTA MESA SANITARY DISTRICT, ADOPTING THE 2000 -01 STATEMENT OF INVESTMENT POLICY, AND AUTHORIZING THE TREASURER TO INVEST AND REINVEST IDLE MONIES OF THE COSTA MESA SANITARY DISTRICT IN ACCORDANCE WITH THE 2000 -01 STATEMENT OF INVESTMENT POLICY, AND AUTHORIZING THE SAID TREASURER TO DELEGATE TO HIS DEPUTY THE CARRYING OUT OF ANY SUCH TASKS. Director Ferryman motioned to adopt Resolution No. 2000 - 636- 2000 -2001 Investment Policy. Director Woodside seconded. Motion carried 5 -0. COSTA MESA SANITARY DISTRICT 9 MINUTES - BOARD OF DIRECTORS MEETING HELD JUNE 15, 2000 STANDARDIZED CONTAINER PROGRAM Mr. Puckett presented a proposed trash container implementation timeline. Mr. Puckett estimated the purchase of trash containers for the entire District to be approximately $1,600,000. The financial policy requires an operating reserve to be a minimum of 25 percent, or $1,010,500. Mr. Puckett reported the current trash operating reserves in the 2001 budget to be $2,382,936. This would leave $1,372,436 available to the District to utilize for the purchase of trash containers while maintaining an operating reserve of 25 percent. Mr. Puckett reported an additional transfer of $220,000 from the Sewer fund operating reserves would need to be transferred to the Trash fund operating reserves to fully fund the purchase price of standardized trash containers and allow the District to move forward with implementation of this program. Mr. Puckett recommended allowing for depreciation of the containers and possible increased operating costs. Mr. Puckett recommended increasing the trash rates over a five- to seven -year period to make certain the operation is self- sustaining and the District is funding a replacement of the trash containers for damage, loss, or theft. Mr. Puckett reported he has not yet investigated the variety of options for implementation of the standardized container program available to the District and their associated costs. Vice President Schafer requested the discussion be continued at the July meeting. Director Ferryman requested Staff investigate leasing of the containers and the possibility of implementation in stages. The Board directed Staff to continue their investigation from the financial and purchase standpoint of the implementation program to be brought back to the Board for consideration. ATTORNEY'S REPORTS DUTY TO INVESTIGATE SURETY Mr. Burns presented a letter to the Board outlining Rankin v. City of Murrieta making Districts responsible for conducting their own investigation before accepting a surety bond. Mr. Burns reported the Court of Appeals has granted a rehearing on the case due to the volume of concerned feedback. Mr. Burns will update the Board when the new results are available. COSTA MESA SANITARY DISTRICT MINUTES - BOARD OF DIRECTORS MEETING HELD JUNE 15, 2000 LOCAL MEETINGS INDEPENDENT SPECIAL DISTRICTS OF ORANGE COUNTY (ISDOC) EXECUTIVE COMMITTEE MEETING Vice President Schafer attended the Independent Special District of Orange County (ISDOC) meeting and reported the Committee discussed the following: • Resignation from CSDA of Mr. Russell Paris • Current legislation • June 29, 2000 Special Districts Selection Committee meeting to vote on the open LAFCO seat President Perry will attend the meeting and vote on the LAFCO seat and alternate seat opening should Vice President Schafer be elected to the LAFCO seat. E President Perry requested an alternate be named to vote on the District's behalf should he be unable to attend the meeting. Director Woodside motioned to appoint Director Ferryman as voting alternate at the June 29, 2000 Special Districts Selection Committee meeting. Vice President Schafer seconded. Motion carried 5 -0. LOCAL AGENCY FORMATION COMMITTEE ( LAFCO) SPECIAL DISTRICTS SELECTION COMMITTEE MEETING - THURSDAY, .TUNE 29, 2000 AT 12:30 Board members Perry, Ferryman, Schafer, and Worthington are planning on attending the Special Districts Selection Committee Meeting on June 29, 2000. Ms. Revak will distribute a meeting reminder notice to Directors. Vice President Schafer attended the Local Agency Formation Committee meeting and reported the committee discussed the following: • various annexations • Hertzberg bill • Don Lamm spoke • July meeting has been canceled Vice President Schafer provided the agenda for the Board's review. COSTA MESA SANITARY DISTRICT I 1 MINUTES - BOARD OF DIRECTORS MEETING HELD JUNE 15, 2000 COSTA MESA CHAMBER OF COMMERCE LEGISLATION COMMITTEE Vice President Schafer attended the Costa Mesa Chamber of Commerce Legislation Committee meeting and reported the committee discussed the following: • IRS • FEMA • Expanded flood plan map • Affordable housing • Transportation • Senior center • Election • OCTA • Update on the Costa Mesa Sanitary District • Various bills ORANGE COUNTY SANITATION DISTRICT REGULAR MEETING = MAY 24, 2000 Director Ferryman attended the Orange County Sanitation District meeting and reported OCSD closed escrow on the King's County property. Director Ferryman inquired as to the status of the City's grease ordinance. Mr. Hamers suggested OCSD give a presentation to the District and the City of Costa Mesa's building department. Director Ferryman reported there would be an election of chairman in July. WATER ADVISORY COMMITTEE OF ORANGE COUNTY (WACO) Vice President Schafer attended the Water Advisory Committee of Orange County meeting and reported the committee discussed the following: • Current legislature • Orange County's 100 years of flood protection • Kelly Bill 5095 • 15- member water district • 200 million acquisition for Prado Dam • Joint Powers Agency COSTA MESA SANITARY DISTRICT MINUTES - BOARD OF DIRECTORS MEETING HELD JUNE 15, 2000 COUNCIL OF GOVERNMENTS (COG) 12 Vice President Schafer attended the Council of Governments meeting and reported the Council discussed the following: • Supporting the Marilyn Brewer bill • Provided a list of agencies that are members • Regional transportation plan update • Air quality update • Regional housing needs assessment • Orange County COG platform Vice President Schafer distributed notes for the Board's perusal. CALIFORNIA SPECIAL DISTRICTS ASSOCIATION (CSDA) PROPOSED APPOINTMENT OF DIRECTOR SCHAFER TO BOARD OF DIRECTORS Vice President Schafer reported, with the resignation of CSDA Director Russell C. Paris, she is being considered for a seat on the CSDA Board of Directors. SANTA ANA RIVER FLOOD PROTECTION AGENCY EXECUTIVE COMMITTEE MEETING OF MAY 25, 2000 Director Ferryman attended the Santa Ana River Flood Protection Agency Executive Committee Meeting of May 25, 2000 and reported the committee discussed the following: • The release of the new flood zone map showing most of Costa Mesa is exempt with the exception of a few small portions. • A new Board of Directors was elected. • Approved the budget • State Subvention Funding OLD BUSINESS There was no old business discussed. NEW BUSINESS There was no new business discussed. ORAL COMMUNICATIONS President Perry requested the July meeting be changed to a lunch meeting. COSTA MESA SANITARY DISTRICT MINUTES - BOARD OF DIRECTORS MEETING HELD JUNE 15, 2000 13 Director Worthington inquired as to the best date to have a summer gathering of Board members and staff at his home. July 9, 2000, at 5:00 p.m. was determined to be the best date for the potluck. ADJOURNMENT At 8:00 p.m. Vice President Schafer adjourned the meeting. SECRETARY PRESIDENT 07/10/00 89:24:38 CITY OF COSTA MESA -> 714 432 1436 TO:LOIS THOMPSON Page 001 RENEifi YOUR SUBSCRIPTION TO FAX BACK: 216- 961 - 0594 I (Audit regulations require us to update your business information each year. If you fax back this form, you will not receive any more subscription notices for a year.) Do you wish to receive (continue to receive) a FREE subscription to RECYCLING TODAY? O Yes ❑ No 1. WHAT IS YOUR PRIMARY BUSINESS /INDUSTRY AT THIS LOCATION? SECONDARY COMMODITY WHOLESALERS: SCRAP CONSUMERS: ❑ Scrap Dealer /Processor ❑ Metallic ❑ Importer /Exporter ❑ Paper • Broker ❑ Other (please specify) ------------------ ❑ Material Recovery /Recycling Facility OTHERS ALLIED TO THE FIELD: SECONDARY COMMODITY GENERATORS: ❑ Equipment Manufacturer /Dealer ❑ Commercial, Industrlal, Institutional ❑ Consultant /Engineer ❑ Auto Dismantler ❑ Other (please specify ------------------- ❑ Demolition Contractor ❑ Other miscellaneous generators 2. WHAT BEST DESCRIBES YOUR TITLE? RT 369427 LOIS THOMPSON ASST MANAGER CITY OF COSTA MESA SNTRY DSTR PO BOX 1200 CITY HALL COSTA MESA, CA 92628 ❑ Owner /Partner ❑ President ❑ Vice President • Corporate Executive Officer • General Manager • Director • Manager • Superintendent • Foreman • Supervisor Q Broker /Trader ❑ Specialist U Recycling Coordinator ❑ Other Coordinator ❑ Purchasing /Buyer ❑ Other Please make changaslcorrections to your addrear above . EoGRT Signature--------------------------------- ---------- - - - - -- Date-------------- - - - - -- - - ---- Phone - - - - - - - - - - - - - - - - - - - - -- Email---- - - - - -- -- - - - - -- - INVOICE •, yi R a INCORPORATED INVOICE #. 1102 BILL TO: r. bl MAIL PAYM0I I U: CR&R INC. P. O. BOX 125 STANTON, CA 90680-01-25 TERMS: NET 10 DAYS GoTO PAY By CRErar CARD, PLEASE PILL IM IWOPYATIOM .)N W)c Of RQMITTAnCE INVOICE DATE: 7/01/00 COSTA MESA SANITARY DIST. P.O. BOX 1200 COSTA MESA CA 92627 CUSTOMER r; 'REVIOUS AMOUNT DUE PAYMENTS CURRENT CHARGES TOTAL DUE 09 9 2 1410 1-9.60 J Please detach here end ralum wrth�ovrPa�►++ent CHECK M CR TRANSFER, INC. 6/01/00 6/02/04 6/03/0 6/05/0 6/06/00 6/07/00 6/08/00 '/09/00 ./12/00 6/13/0 6/14/0 6/15/0 6/16/00 6/19/00 6/20/00 6/21/00 6/22/00 6/23/0 6/26/0 6/27/0 6/28/0 6/29/OC. 6/30/00 RESIDENTIAL WASTE RESIDENTIAL WASTE RESIDENTIAL WASTE RESIDENTIAL WASTE RESIDENTIAL WASTE RESIDENTIAL WASTE RESIDENTIAL WASTE RESIDENTIAL WASTE RESIDENTIAL WASTE RESIDENTIAL WASTE RESIDENTIAL, WASTE RESIDENTIAL WASTE RESIDENTIAL WASTE RESIDENTIAL WASTE RESIDENTIAL WASTE RESIDENTIAL WASTE? RESIDENTIAL WASTE RESIDEITIAL WASTE RESIDENTIAL WASTE RESIDENTIAL WASTE RESIDENTIAL WASTE RESIDENTIAL WASTE RESIDENTIAL WASTE 14 123.5 2 168. 2 1 145. 4 2 136. 0 2 132. 6 1 108. 2 2 D 10 116. 4 20 149. 0 20 143. 9 14 112. 5 2 143. 7 2 134. 0 1 138. 4 2 140. 2 1{� 113. 4 20 136. 0 19 120. 3 10 151. 8 1 138. 2 1 113. 3 2 148. 9 2 130.31 111 --`f 45.891 45.89 d4 45.891 45.89 45.890 45.89d 45.89ds (. 145 45,890 45.89d 45.891 45.89 45.89 45.89 45.89 45.89 45.89d 45.8911 45.890 45.890 45.89 45.890 45.890 45.891 F YO'., -,AVE ANY CUESTICNS REGARDINIZMIW OF THJfJbV(4§ f3, f LWE CALL: P" -)US AVO�,ti' DUE = AYMENTS CURRENT CHARGES TOTAL DUE I! uu CUS'O:VEP + INVOICE» 09- 9 2 1102 i`f�,�i3�• 3L OVERDUE A.V,O,;NTS SUBJECT TO FINANCE CHARGE 5,678.89 7,747.15 6,678.83 6,277.75 6,078.59 4,989.16 5,357.201 6,855.971 6,607.70. 5,151.15' 6,583.84; 6,163.03 6,366.78) 6,425.52 5,228.71 6,273.16 5,535.71 6,946.83; 6,361.27 5,219.071 6,809.621 5,979.93 !`0,`732.36 141,515.60 (714) 826 -9049 INVOICE TOTAL 15`L,�3,1.:3L Oi n. -J... M. ::1 Y'.: CMSD Description: June 2000 Recycling Services Acct. Fund Or g. Program Project Amount 530905 591 80000 20210 $140,932.36 Approved: Total $140,932.36 W 07/06/2000 09:18 CR R 4 4321436 i IN vviut 1p s� MR&R �l' 11VGORPOgA7ED r, I BILL TO: COSTA MESA SANITARY —SA RG P.O. BOX 1200 COSTA MESA CA 92627 _ NO. 218 D02 CR &R INC. • • - P.0. BO)( 125 STANTON. CA 90880-0125 TERMS: NET 10 DAYS ,10PRI@I'Cext CAM PLEASE ML 01 D1f+0 MMM ON SAM OF REMTTANCE INVOICE A: INVOICE DATE: 1104 7/01/00 CUSTOMER #: 09— 11 7 PREVIOUS AMOUNT DUE PAYMENTS CURRENT CHARGES TOTAL DUE 8,955.44 .00 IL .00 11 A QKK AA Please delech here end felum wkhyour�aY►nent _ CHECK # CR TRANSFER, INC. DATE DESCRIPTION LOAD$ TONS RATE TOTAL 6101100 6/06/00 6/07/00 6113/00 6114100 6/20/00 6/21/00 6122/00 6/27100 RESIDENTIAL WASTE RESIDENTIAL WASTE RESIDENTIAL WASTE RESIDENTIAL WASTE RESIDENTIAL WASTE RESIDENTIAL WASTE RESIDENTIAL WASTE RESIDENTIAL, WASTE RESIDENTIAL WASTE E 1 1 M41. 35.94 5.86 4.55 45_890 45.890 45.890 45.890 45.890 45.890 45.890 45.890 45.890 2,386.74 236.79 1,847.53 246.43 1,920.04 190.90 1,649.29 268.92 208.80 i CMSD Description: June 2000 RqUcling Services - Santa Ana Hei ht Acct. Fund Or g. Program P rclect Amount 591 80000 20210 $8,955.44 5'(0905 T tal $8,955.44 Approved: 05 IF YOU HAVE ANY QUESTIONS REGARDIN90VKM8RT OF THIS 94VOl j E)gelSE CALL: r„ PREVIOUS AMOUNT DUE PAYMENTS CURRENT CHARGES TOTAL DUE I CUSTOMER tk INVOICE # 09— 11 7 1104 OVERDUE AMOUNTS SU6JECTTO FINANCE CHARGE 8,955.44 (714) 826 -9049 INVOICE TOTAL 8,955.44 Costa Mesa Sanitary District PROJECT STATUS REPORT JULY 2000 Project 1112100 -128 Mesa /Birch Sewer Realignnment Construction is complete. District is awaiting final billing statements from the County of Orange. Project 1112100 -129 Bristol Street Pumping Station The design phase is continuing. At a meeting on May 20, 1999, City of Newport Beach officials asked the District to research alternate pump station locations and differing sewer line alignments. CALTRANS looked favorably at the new alignment at a conceptual approval meeting on May 4, 2000. The design is once again proceeding. Project 1112100 -135 Reconstructing Force Main for Elden Pumping Station ( hase !D Construction is complete. The District and City of Costa Mesa are awaiting comments from the State on the easement and rights -of -way documents submitted. Project 1112100 -147 Update Early Warning System Protecting Pumps Installation of heat and moisture sensors has been completed in six of seven pumping stations. Four other stations will have heat and moisture. sensors when new pumps are installed when the old pumps reach their life expectancy. Project 1112100 -152 Televising Sewer Lines The project is continuing. Project 1112100 -153 Sewer Lateral Root Intrusion Study The project is continuing. Project 1112100 -159 Televising Sewer Lines Program Years 98 -99, 99 -2000 A portion of the televising has been completed. Proiect 1112100 -161 Construct Water Service to Pumping Stations The design phase has been started. Proiect 1112100-162 Not Program -Use of Enzymes to Control Grease and Odors The first enzyme system, by Ennix, was tested and was successful. An additional two month program to test the grease dissolving characteristics of the product has been initiated COSTA MESA SANITARY DISTRICT BALANCE SHEET AS OF JUNE 30,2000 1 SEWER FACILITIES ACTUAL TOTALS GENERAL FUND CONSTRUCTION FUND REVOLVING FUND Combined Funds As of 6/30/2000(12Mos) Fiscal Year(12 1998 -99 ACCOUNT NAME Current Assets: Cash and Investments $7,956,050.64 $177,637.68 $1,736,200.54 $9,869,888.86 $6,554,294.22 Accounts Receivable 3,443.69 0.00 0.00 3,443.69 1,608.34 Returned 0.00 0.00 0.00 0.00 0.00 Taxes Receivable 0.00 0.00 0.00 0.00 0.00 Interest Receivable 17,120.93 0.00 0.00 17,120.93 0.00 Solid Waste Receivable 0.00 0.00 0.00 0.00 0.00 Liquid Waste Receivable 0.00 0.00 0.00 0.00 0.00 Grant Receivable 0.00 0.00 0.00 0.00 0.00 Due From Other Governments 9,681.56 0.00 (810.00) 8,871.56 0.00 Prepaid items(Insurance) 8,934.43 0.00 0.00 8,934.43 35,737.97 Total Current Assets 7,995,231.25 177,637.68 1,735,390.54 9,908,259.47 6,591,640.53 Property, Plant & Equip: Property Rights 4,025.00 0.00 0.00 4,025.00 4,025.00 Buildings and Structures 241,647.07 0.00 0.00 241,647.07 241,647.07 Subsurface Lines 19,023,917.79 0.00 316,420.90 19,340,338.69 18,783,763.97 Other Equipment 432,267.50 0.00 0.00 432,267.50 198,681.51 Construction in Progress 464,666.19 0.00 0.00 464,666.19 754,422.04 Total Prop., Plant, & Equip. 20,166,523.55 0.00 316,420.90 20,482,944.45 19,982,539.59 Depreciation (9,102,311.09) 0.00 0.00 (9,102,311.09) (8,513,718.91) Net Property, Plant & Equip 11,064,212.46 0.00 316,420.90 11,380,633.36 11,468,820.68 Total Assets $19,059,443.71 $177,637.68 $2,051,811.44 $21,288,892.83 $18,060,461.21 and District Equity at Liabilities: Accounts Payable $24,303.52 0.00 13,198.93 $37,502.45 $2,993.96 Other Payables ($13,198.93) 0.00 0.00 ($13,198.93) $370.45 CMSD Development Deposits 14,240.16 58,058.01 0.00 72,298.17 14,240.16 Sales and Use Tax Payable 370.45 0.00 0.00 370.45 0.00 Due to City of Costa Mesa 0.00 0.00 0.00 0.00 0.00 Due to Other Governments 224,353.17 0.00 0.00 224,353.17 21,189.56 Deferred Revenue (5,873.78) 0.00 0.00 (5,873.78) 0.00 Total Current Liabilities 244,194.59 58,058.01 13,196.93 315,451.53 38,794.13 District Equity: Contributed Capital 4,664,203.65 0.00 0.00 4,664,203.65 4,616,698.65 Res for Trash Assessment Rfnd 0.00 0.00 0.00 0100 0100 Reserved for Capital Outlay 1,737,795.96 0.00 481,000.00 2,218,795.96 2,240,329.89 Unreserved 10,676,553.58 111,060.61 1,393,257.18 12,180,871.37 9,917,890.72 Current Earnings 1,736,695.93 8,519.06 164,355.33 1,909,570.32 1,246,747.82 Total Retained Earnings 14,151,045.47 119,579.67 2,038,612.51 16,309,237.65 13,404,968.43 Total District Equity 18,815,249.12 119,579.67 2,038,612.51 20,973,441.30 18,021,667.08 Total Liab. & Diet. Equity $19,059,443.71 $177,637.68 $2,051,811.44 $21,288,892.83 $18,060,461.21 1 COSTA MESA SANITARY DISTRICT STATEMENT OF REVENUES AND EXPENSES ) AS OF JUNE 30,2000 1 Total Operating Revenues 5,101,704.79 SEWER FACILITIES 5,186,548.13 ACTUAL TOTALS 4,927,081.36 GENERAL CONSTRUCTION REVOLVING Combined Funds Fiscal Year(12 mos., Account Name FUND FUND FUND AS of 6/30/2000(12mos) 1998 - 1999 Operating Revenues: Trash Hauler 1,802,967.74 0.00 0.00 1,802,967.74 1,755,505.51 Solid Waste Charges $3,242,526.12 7,454.73 0.00 0.00 0.00 $3,242,526.12 $3,417,035.74 Liquid Waste Charges 1,382,404.91 83,841.98 0.00 0.00 0.00 1,382,404.91 1,456,819.34 Permits & Inspection Fees 22,383.18 17,919.58 0.00 0.00 0.00 22,383.18 14,694.00 O.C.S.D. Fees -CMSD Share 19,669.79 0.00 104,843.34 124,513.13 8,031.23 Other Charges for Services 93.70 16,403.65 0.00 0.00 0.00 93.70 804.80 Sale of Maps and Publ. 301.00 499,737.24 0.00 0.00 0.00 301.00 74.00 Orange County Bankruptcy Reimb. 423,128.13 0.00 0.00 423,128.13 0.00 Other Reimbursements 1,089.96 1,489,049.61 0.00 (20,000.00) 0.00 (18,910.04) 26,296.50 Reim.of Mandated Costs 10,108.00 0.00 0.00 10,108.00 0.00 Special Assessments 0.00 4,338.25 0.00 0.00 0.00 0.00 3,325.75 Total Operating Revenues 5,101,704.79 0.00 04,843.34 5,186,548.13 4,927,081.36 Operating Expenses: 0.00 Solid Waste Disposal: Trash Hauler 1,802,967.74 0.00 0.00 1,802,967.74 1,755,505.51 Large Item Pick -Up 7,454.73 0.00 0.00 7,454.73 7,000.00 Contractual Services - General 83,841.98 0.00 0.00 83,841.98 100,593.92 Contract Code Enforcement 17,919.58 0.00 0.00 17,919.58 14,536.17 Liquid Waste Disposal: Sewer Repairs and Maintenance 16,403.65 0.00 0.00 16,403.65 13,498.71 Contractual Services - Liquid 499,737.24 0.00 0.00 499,737.24 631,513.71 Dump Charges: Recycling and Disposal 1,489,049.61 0.00 0.00 1,489,049.61 1,323,551.36 General & Administration Transcription Services 4,338.25 0.00 0.00 4,338.25 Board Member Fees 19,500.00 0.00 0.00 19,500.00 18,300.00 General Liability 26,998.54 0.00 0.00 26,998.54 36,240.60 Public Info /Edu & Com Promotion (8,728.59) 0.00 0.00 (8,728.59) 15,688.81 Special Program Costs 7,600.11 0.00 0.00 7,600.11 32,826.91 Manager /Engineer 147,498.65 0.00 0.00 147,498.65 131,716 -00 Attorney 25,800.00 0.00 0.00 25,800.00 40,? Travel & Meetings 5,589.46 0.00 0.00 5,589.46 6,2 Professional Organizations -Dues 3,830.00 0.00 0.00 3,830.00 2,385.00 Photocopy Supplies (2.00) 0.00 0.00 (2.00) 0.00 Multimedia Prom /Subscrip & Postage 4,359.03 0.00 0.00 4,359.03 0.00 Auditing Services 7,284.00 0.00 0.00 7,284.00 0.00 Professional Services 8,987.00 0.00 0.00 8,987.00 0.00 Office Equipment 1,313.47 0.00 0.00 1,313.47 0.00 Depreciation 0.00 0.00 0.00 0.00 0.00 Total Operating Expenses 4,171,742.45 0.00 0.00 4,171,742.45 4,129,986.67 OPERATING INCOME(LOSS) 929,962.34 0.00 84,843.34 1,014,005.68 797,094.69 Nonoperating Revenue (Expenses): Investment Earnings 227,022.44 8,519.06 79,510.99 315,052.49 277,961.89 Taxes 541,196.26 0.00 0.00 541,196.26 144,302.51 Sewer Permits 2,990.00 0.00 0.00 2,990.00 0.00 Annexation Fees 85.00 0.00 0.00 85.00 0.00 Excessive Effluent Discharge 8,725.50 0.00 0.00 8,725.50 0.00 ERAF Reimbursement ABI661 1,372.38 0.00 0.00 1,372.38 0.00 Other State Grants 0.00 0.00 0.00 0.00 0.00 Other Governmental Agencies 4,865.78 0.00 0.00 4,865.78 0.00 Contributions 5,575.00 0.00 0.00 5,575.00 0.00 Gain (Loss) /Disposal of Assets 0.00 0.00 1.00 1.00 0.00 Nonoperating Income - Other 15,834.30 0.00 0.00 15,834.30 35,977.52 Gain (Loss) on Investments 0.00 0.00 0.00 0.00 0.00 Nonoperating Expenses - Other (541.85) 0.00 0.00 (541.85) (71.24) Trustee Fees (391.22) 0.00 0.00 (391.22) (8,517.55) Professional Services - Other 0.00 0.00 0.00 0.00 (8,517.55) Capital Replacement Reserve 0.00 0.00 0.00 0.00 0.00 Total Nonoperating Rev (ExP) 806,733.59 8,519.06 79,511.99 894,764.64 441,135.58 NET INCOME $1,736,695.93 $8,519.06 $164,355.33 $1,909,570.32 $1,238,230.27 2 1 COSTA MESA SANITARY DISTRICT 47,749.89 32,826.91 Manager /Engineer 158,200.00 STATEMENT OF REVENUES AND EXPENSES 10,701.35 131,716.00 Attorney 45,000.00 BUDGET VS ACTUAL 40,387.75 Travel & Meetings 8,000.00 5,589.46 GENERAL FUND Professional Organizations -Dues 4,500.00 3,830.00 670.00 FOR THE TWELVE MONTHS ENDED JUNE 30, 2000 500.00 (2.00) 502.00 0.00 Multimedia Prom /Subscrip & Postage 5,000.00 4,359.03 VARIANCE: 0.00 Through June 4,550.00 7,284.00 (2,734.00) 0.00 FAVORABLE 0.00 1998 -99 ACCOUNT NAME BUDGET Office Equipment ACTUALS (UNFAVORABLE) 1,313.47 136.53 ACTUALS Operating Revenues; 0.00 0.00 0.00 0.00 0.00 4,865.78 Solid waste Charges $3,698,277.00 0.00 $3,242,526.12 $455,750.88 $3,417,035.74 Liquid Waste Charges 1,487,866.00 0.00 1,382,404.91 105,461.09 0.00 1,456,819.34 Permits & Inspection Fees 10,000.00 (15,834.30) 22,383.18 (12,383.18) 0.00 14,694.00 O.C.S.D Fees -CMSD Share 6,000.00 (2,000.00) 19,669.79 (13,669.79) (1,458.15) 8,031.23 Other Charges for Services 1,000.00 93.70 906.30 0.00 804.80 Other Reimbursements 0.00 (8,517.55) 1,089.96 (1,089.96) 26,296.50 Orange County Bankruptcy Reimb. 0.00 423,128.13 (423,128.13) 26,296.50 Reimbursement -Of Mandated Costs 0.00 10,108.00 (10,108.00) 0.00 Sale of Maps and Publ 100.00 301.00 (201.00) 74.00 Special Assessments 6,000.00 0.00 6,000.00 3,325.75 Total Operating Revenues 5,209,243.00 5,101,704.79 107,538.21 4,953,377.86 Operating Expenses: Solid Waste Disposal: Trash Hauler 2,038,500.00 1,802,967.74 235,532.26 1,755,505.51 Large Item Pick -Up 7,000.00 7,454.73 (454.73) 7,000.00 Contractual Services - General 183,950.00 83,841.98 100,108.02 100,593.92 Contract Code Enforcement 20,000.00 17,919.58 2,080.42 14,536.17 Liquid Waste Disposal: Sewer Repairs and Maintenance 28,550.00 16,4'03.65 12,146.35 13,498.71 Contractual Services - Liquid 771,320.00 499,737.24 271,582.76 631,513.71 Dump Charges: Recycling and Disposal 1,624,900.00 1,489,049.61 135,850.39 1,323,551.36 General & Administration Transcription Services 8,000.00 4,338.25 3,661.75 0.00 Board Member Fees 20,000.00 19,500.00 500.00 18,300.00 General Liability 36,960.00 26,998.54 9,961.46 36,240.60 Public Info /Edu & Com Prom 4,500.00 (8,728.59) 13,228.59 15,688.81 Special Program Costs 55,350.00 7,600.11 47,749.89 32,826.91 Manager /Engineer 158,200.00 147,498.65 10,701.35 131,716.00 Attorney 45,000.00 25,800.00 19,200.00 40,387.75 Travel & Meetings 8,000.00 5,589.46 2,410.54 2,385.00 Professional Organizations -Dues 4,500.00 3,830.00 670.00 6,242.22 Photocopy Supplies 500.00 (2.00) 502.00 0.00 Multimedia Prom /Subscrip & Postage 5,000.00 4,359.03 640.97 0.00 Auditing Services 4,550.00 7,284.00 (2,734.00) 0.00 Professional Services 0.00 8,987.00 (8,987.00) 0.00 Office Equipment 1,450.00 1,313.47 136.53 0.00 Depreciation 0.00 0.00 0.00 0.00 Total Operating Expenses OPERATING INCONE(LOSS) Nonoperating Revenue (Expenses): Investment Earnings Taxes Sewer Permits Annexation Fees Excessive Effluent Discharge EFAF Reimbursement Other State Grants Other Governmental Agencies Contributions Gain (Loss) /Disposal of Assets Nonoperating Income - Other Gain (Loss) on Investments Nonoperating Expenses - Other Trustee Fees Professional Services - Other Capital Replacement Reserve Total Nonoperating Rev (Exp) NET INCOME 5,026,230.00 4,171,742.45 854,487.55 4,129,986.67 183,013.00 929,962.34 (746,949.34) 823,391.19 310,000.00 227,022.44 82,977.56 277,961.89 120,850.00 541,196.26 (420,346.26) 144,302.51 2,000.00 2,990.00 (990.00) 0.00 2,627.00 85.00 2,542.00 0.00 6,048.00 8,725.50 (2,677.50) 0.00 0.00 1,372.38 (1,372.38) 0.00 18,350.00 0.00 18,350.00 0.00 0.00 4,865.78 (4,865.78) 0.00 25,000.00 5,575.00 19,425.00 0.00 0.00 0.00 0.00 0.00 0.00 15,834.30 (15,834.30) 35,977.52 0.00 0.00 0.00 0.00 (2,000.00) (541.85) (1,458.15) (71.24) 0.00 (391.22) 391.22 (8,517.55) 0.00 0.00 0.00 (8,517.55) 0.00 0.00 0.00 0.00 482,875.00 806,733.59 (323,858.59) 441,135.58 $665,888.00 $1,736,695.93 ($1,070,807.93) $1,264,526.77 3 COSTA MESA SANITARY DISTRICT CONSTRUCTION IN PROGRESS* FOR THE TWELVE MONTHS ENDED JUNE 30, 2000 CAPITAL REPLACEMENT RESERVE PRIOR YEARS' BUDGET ENCUMBRANCES ACTUALS EXPENDITURES BALANCE CURRENT YEAR PROJECTS #149 Sinking Fd /Swr Replm 320,000.00 0.00 0.00 0.00 320,000.00 #156 Earthquake /Major Emerg.Sewer(CRR) 277,000.00 0.00 0.00 0.00 277,000.00 #159 Televising Sewer Lines (CRR) 18,000.00 0.00 0.00 0.00 18,000.00 #164 Misc. Sewer Work /Manhole Adj.(CRR) 50,000.00 12,960.00 25,708.28 0.00 11,331.72 Current Year Sub -Total 665,000.00 12,960.00 25,708.28 0.00 626,331.72 PRIOR YEARS' PROJECTS 4128 - Mesa /Birch Swr Relgn 6,527.00 0.00 0.00 71,973.00 6,527.00 #129 - Bristol St. Pump Stn. 0.00 0.00 8,450.79 90,419.85 0.00 #135- Reconst.FrcMn E1denII 130,201.18 0.00 0.00 0.00 130,201.18 4147 - Update Early Wrn Sys 98,225.41 9,726.31 2,750.00 1,774.59 85,749.10 #149 - Sinking Fd /Swr Replm 700,805.00 0.00 0.00 0.00 700,805.00 #150- Update Pump Stn Alrm(FD BAL) 16,414.01 0.00 330.99 0.00 16,083.02 #151 - Reconst. Var Swr Lns 141,137.00 109,800.00 110,360.11 8,863.00 (79,023.11) 4152- Televising Swr Lines 16,118.00 0.00 0.00 0.00 16,083.02 #153- Swr Lat Root Study 14,055.00 0.00 7,686.00 0.00 14,055.00 #155 -Swr Master Plan 18,000.00 0.00 0.00 6,110.44 18,000.00 #156 -Major Emerg Swr Lines 582,657.07 0.00 0.00 0.00 582,657.07 #157 - Televising Swr Lines 17,000.00 0.00 0.00 0.00 17,000.00 #159 - Televising Swr Lines 17,000.00 3,198.48 8,622.52 0.00 5,179.00 #161 - Constr Water Svc,ll Stns 70,000.00 0.00 0.00 0.00 70,000.00 #162 -Pilot Prog,Use of Enzymes 60,000.00 4,500.00 4,700.00 0.00 50,800. ^^ #163 - Upgrade Emerg Response Sys 134,758.07 0.00 102,333.62 5,241.93 32,424 4164- Misc.Swr Work /Manhole 9,341.07 0.00 9,341.07 0.00 0...., Total Operating Expenses 2,032,238.81 127,224.79 254,575.10 184,382.81 1,666,540.73 TOTAL CAP.REPLACEMENT RSRV $2,697,238.81 $140,184.79 $280,283.38 $184,382.81 $2,292,872.45 CONSTRUCTION IN PROGRESS: REVOLVING FUND 593 ACCT #500000 #128- Mesa /Birch Swr Relgn $221,000.00 0.00 0.00 0.00 $221,000.00 TOTAL CAP.IMPROVEMENT RSRV 221,000.00 0.00 0.00 0.00 221,000.00 GRAND TOTAL $2,918,238.81 $140,184.79 $280,283.38 $184,382.81 $2,513,872.45 *Does not reflect all 6/30/99 Closing and Adjustments entries. 4 COSTA MESA SANITARY DISTRICT Warrant Resolution No. CMSD 2001 -01 A RESOLUTION OF THE COSTA MESA SANITARY DISTRICT ALLOWING CERTAIN CLAIMS AND DEMANDS, AND SPECIFYING THE FUNDS OUT OF WHICH THE SAME ARE TO BE PAID. THE BOARD OF DIRECTORS OF THE COSTA MESA SANITARY DISTRICT DOES HERBY ORDER AND RESOLVE AS FOLLOWS: Section 1. That the attached claims and demands have been audited as required by law and that the same are hereby allowed in the amounts and ordered paid out of the respective fund, as hereinafter set forth. Section 2. That the Clerk of the District shall certify to the adoption of this Resolution and shall deliver a certified copy to the Finance Department and shall retain a Certified copy thereof in her own records. PASSED AND ADOPTED this 13th day of July 2000. ATTEST: Secretary STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss COSTA MESA SANITARY DISTRICT ) President I, JOAN REVAK, Clerk of the Costa Mesa Sanitary District, hereby certify that the foregoing Warrant Resolution No. CMSD 2001 -01 was duly adopted by the Costa Mesa Sanitary District at a regular meeting held on the 13`h day of July 2000. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal of the Costa Mesa Sanitary District on this 13`h day of July 2000. Clerk of the Costa Mesa Sanitary District Report ID: CCM2001 City of Costa Mesa Accounts Payable Page No. 1 SUMMARY CHECK REGISTER Run Date Jul 06,2000 Bank: CMSD Run Time 4:16:56 PM C Payment Re Date 0893 06/19/00 ;004 0894 06/19/00 0895 06/19/00 0896 06/22/00 0897 06/26/00 0898 07/03/00 Status Remit To P Bank of America Line Description: Emergency Services Expo P Dawn Schmeisser Line Description: Retro Bonus Payment P Joan Revak Line Description: Retro Bonus Payment P ISDOC Line Description: Luncheon Meeting on 6/29/00 P Dawn Schmeisser Line Description: Annual CD for Tax Roll P Costa Mesa Disposal Line Description: Trash Collection for June 2000 Remit ID 0000001178 cCn I yccc 0000004713 0000005717 0000005162 0000004713 Payment Amt 175.00 ust. 416sdgo• 490.26 36.00 61.50 0000000330 163,875.86 TOTAL $165,055.20 U•k End iort �d Report ID: CCM: City of Costa Mes >unts Payable Pa( ! 1 SUMMARY CH, REGISTER Run _e Jul 06,2000 Bank: CMSD Run Time 4:09:55 PM Cycle: CMSD Payment Re Date Status Remit To Remit ID Payment Amt 0899 07/13/00 P Arlene Schafer 0000005152 600.00 Line Description: Attend Mtgs June 2000 0900 07/13/00 P Arthur Perry 0000005153 300.00 Line Description: Attend Mtgs June 2000 0901 07/13/00 P Atlas Underground Company 0000005155 59,619.01 Line Description: Emg Repair Construction Construction: 0902 07/13/00 P Bank of America Bankcard Center 0000001174 172.97 Line Description: Charges for June 2000 0903 07/13100 P CR & R Inc /Haulaway 0000000023 149,887.80 Line Description: Recycling Svs -SA Heights 6/00 Recycling Services -June 2000 0904 07/13/00 P County of Orange Auditor Controller of Isst 0000003472 45.00 Line Description: Annexation Plan Check 0905 07/13/00 P Curbside Inc 0000006461 1,450.00 Line Description: HHW Collection for May 2000 0906 07/13/00 P Dan Worthington 0000005158 300.00 Line Description: Attend Mtgs June 2000 0907 07/13/00 P Dawn Schmeisser 0000004713 595.43 Line Description: Monthly Bonus 4 July 2000 0908 07/13/00 P Greg Woodside 0000006829 300.00 Report ID: CCM2001 I Bank: CMSD Cycle: CMSD I Payment Re Date 0909 07/13/00 0910 07/13/00 0911 07/13100 0912 07/13/00 0913 07/13/00 0914 07/13/00 0915 07/13/00 0916 07/13/00 City of Costa Mesa Accounts Payable SUMMARY CHECK REGISTER Status Remit To Remit ID Line Description: Attend Mtgs June 2000 P Harper & Burns LLP Line Description: Legal Svs -June 2000 P James Ferryman Line Description: Attend Mtgs June 2000 P Joan Revak Line Description: Monthly Bonus 4 July 2000 P Manhole Adjusting Inc Line Description: Adj Manhole2Grade- Princeton Dr P Peggy Preston Line Description: Minutes -June 2000 P Robin B Hamers & Associates Inc Line Description: Monthly Fee -June 2000 Eng Svs -Plan Checking June2000 Eng Svs -Proj #153 June 2000 Eng Svs- Inspection June 2000 Distrcit Mgmt Svs -June 2000 Eng Svs -Proj #161 June 2000 P Ronald Shef Line Description: Code Enforcement Offcr Jun2000 P Stericycle Inc Line Description: Sharps Cntnrs Stevens Pharmacy Sharps Cntnrs Ramsay Rexall Sharps Cntnrs Rite Aid Page No. 2 Run Date Jul 06,2000 Run Time 4:09:55 PM Payment Amt 0000005161 2,287.50 0000005156 300.00 0000005717 700.71 0000003046 2,907.00 0000003680 437.50 0000003842 22,016.00 0000005511 1,998.00 0000005564 489.20 Report ID: CCM City of Costa Mes punts Payable Pal \ i. 3 SUMMARY Ch. .: REGISTER Run a Jul 06,2000 Bank: CMSD Run Time 4:09:55 PM Cycle: CMSD Payment Re Date Status Remit To Line Description: Sharps Cntnrs Rite Aid Sharps Cntnrs Rite Aid End of Report Remit ID Payment Amt TOTAL $244,406.12 RH 07/05/2000 4:02 PM w b M s oQ Detail of Director's Meetings - Month of June 30, 2000 James Ferryman 06/13/2000 CMSD Recycling Committee Meeting 100.00 06/15/2000 CMSD Regular Board Meeting 100.00 06/29/2000 ISDOC Board Meeting 100.00 300.00 Art Perry 06/09/2000 CMSD Study Session 100.00 06/15/2000 CMSD Regular Board Meeting 100.00 06129/2000 ISDOC Board Meeting 100.00 300.00 Arlene Schafer 06/02/2000 WACO Meeting 100.00 06/06/2000 ISDOC Board Meeting 100.00 06/13/2000 CMSD Recycling Committee Meeting 100.00 06/15/2000 CMSD Regular Board Meeting 100.00 06/21/2000 Legislation Travel 100.00 06/29/2000 ISDOC Board Meeting 100.00 600.00 L u U° D Greg Woodside L m 06/13/2000 CMSD Recycling Committee Meeting 100.00 06/15/2000 CMSD Regular Board Meeting 100.00 06/29/2000 ISDOC Board Meeting 100.00 300.00 Dan Worthington 06/13/2000 CMSD Recycling Committee Meeting 100.00 06/15/2000 CMSD Regular Board Meeting 100.00 06/21/2000 CMSD /Media One Video 100.00 300.00 0 0 SEP OCT NOV DEC TOTAL 17,924.79 16,758.40 1,166.39 Recycled Tonnage 1,319.19 1,525.12 1,587.84 WASTE DIVERSION REPORT 1,631.66 1,692.93 9,199.48 City 2000 1,438.25 JAN FEB MARCH APRIL MAY JUNE JULY AUG Total Tonnage 2,585.14 2,982.26 3,096.42 2,811.27 3,170.75 3,278.95 City 2,403.17 2,812.39 2,864.06 2,621.58 2,973.40 3,083.80 County 181.97 169.87 232.36 189.69 197.35 195.15 SEP OCT NOV DEC TOTAL 17,924.79 16,758.40 1,166.39 Recycled Tonnage 1,319.19 1,525.12 1,587.84 1,442.74 1,631.66 1,692.93 9,199.48 City 1,226.34 1,438.25 1,468.69 1,345.39 1,530.1 1 1,592.17 8,600.95 County 92.85 86.87 119.15 97.35 101.55 100.76 598.53 Landfilled Tonnage 1,451.65 1,457.14. 1,508.58 1,368.53 1,539.09 1,586.02 8,911.01 City 1,176.83 1,374.14 1,395.37 1,276.19 1,443.29 1,491.63 8,157.45 County 274.82 83.00 113.21 92.34 95.80 94.39 753.56 Recycled % 51.03 51.14 51.28 51.32 51.46 51.63 51.32 Waste Diversion - 2000/jr 7/11/2000 . Y Recycled Tonnage 1,462.49 1,490.53 1,484.98 1,344.01 1,497.60 1,517.85 1,319.19 1,525.12 1,587.84 1,442.74 1,631.66 1,692.93 17,996.94 City 1,378.28 1,400.46 1,371.18 1,259.26 1,403.77 1,409.80 1,226.34 1,438.25 1,468.69 1,345.39 1,530.11 1,592.17 16, 823.70 County 84.21 90.07 113.80 84.75 9183 108.05 92.85 86.87 119.15 97.35 101.55 100.76 1,173.24 Landfilled Tonnage 1,744.03 1,607.65 1,526.56 1,323.20 WASTE DIVERSION REPORT 1,463.58 1,451.65 1,457.14 1,508.58 1,368.53 1,539.09 1,586.02 18,036.35 City 1,643.61 1,510.50 FY- 1999 -00 1,239.76 1,368.83 1,359.40 1,176.83 1,374.14 1,395.37 1,276.19 JUL AUG SEPT OCT NOV DEC JAN FEB MAR APR MAY JUN TOTAL Total Tonnage 3,206.52 3,098.18 3,011.57 2,667.21 2,957.92 2,981.43 2,585.14 2,982.26 3,096.42 2,811.27 3,170.75 3,278.95 35,847.62 City 3,021.89 2,910.96 2,780.73 2,499.02 2,772.60 2,769.20 2,403.17 2,81239 2,864.06 2,621.58 2,973.40 3,083.80 33,512.80 County 184.63 187.22 230.84 168.19 185.32 212.23 181.97 169.87 232.36 189.69 197.35 195.15 2,334.82 Recycled Tonnage 1,462.49 1,490.53 1,484.98 1,344.01 1,497.60 1,517.85 1,319.19 1,525.12 1,587.84 1,442.74 1,631.66 1,692.93 17,996.94 City 1,378.28 1,400.46 1,371.18 1,259.26 1,403.77 1,409.80 1,226.34 1,438.25 1,468.69 1,345.39 1,530.11 1,592.17 16, 823.70 County 84.21 90.07 113.80 84.75 9183 108.05 92.85 86.87 119.15 97.35 101.55 100.76 1,173.24 Landfilled Tonnage 1,744.03 1,607.65 1,526.56 1,323.20 1,460.32 1,463.58 1,451.65 1,457.14 1,508.58 1,368.53 1,539.09 1,586.02 18,036.35 City 1,643.61 1,510.50 1,409.55 1,239.76 1,368.83 1,359.40 1,176.83 1,374.14 1,395.37 1,276.19 1,443.29 1,491.63 16,689.10 County 100.42 97.15 117.01 83.44 91.49 104.18 274.82 83.00 113.21 92.34 95.80 94.39 1,347.25 Recycled % 45.61 48.11 49.31 50.39 50.63 50.91 51.03 51.14 51.28 51.32 51.46 51.63 50.20 Waste Diversion FY 99 -00 /jr 7/11/2000 i� To: loan Revak From: CR Transfer Inc. Costa Mesa Sanitary District (38001) JUNE 2000 Recycling Report Projections Facility Waste Recovery Rocycled Commodity Stream % Rate % Tonnage Newspaper 13.90 12.00% 1.67 51.43 Cardboard 5.30 12.25% 0.65 20.03 Mixed Papa 18.40 85.42% 16.27 501.72 Glass 6.00 0.00% 0.00 0.00 Pet 0.20 21.44% 0.04 1.32 14DPE 2.00 1.20% 0.02 0.74 Aluminum 0.40 10.39% .0.04 1.28 Tinllvietal 1.80 10,89% '0.20 6.04 Yardwaste 17.10 90.70% 15.51 418.29 Other (Concrete/Asphalt;/Wood) 34.90 49.37% 17.23 531.32 100.00 51.63 1,529.17 COUNTY TOTAL Total Tonnage 3;083.80 195.15 3,278.95 Recycled Tonnage 1,592.17 100.76 1,692.93 Landfilled Tonnage 1 ,491.63 94.39 1,586-02 . -!: To: loan Revak From: CR Transfer Inc. Costa Mesa Sanitary District Santa Ann ,Heights (38041) JUNE 2000 Recycling Report Projections Facuity Waste Recovery Recycled Commodity Stream %Rate % Tonnage Newspaper 13.90 12.00% 1.67 3.25 Cardboard 5.30 12,25% 0.65 127 Mixed Paper 18.40 88.42% 16.27 31.75 Glass 6.00 0.00% 0.00 0.00 Pet 0.20 21.440A 0.04 0.08 HDPE 2.00 110% 0.02 0.05 Aluminum 0.40 10.39% 0.04 0.08 Tin/Mew 1.60 10.89% 0.20 0.38 Yardwuste 17.10 90.70% 15.51 30.27 Other (Concrzte/A.9phalMood) 34.90 49.37% 1723 33.63 100.00 51.63 100.76 Total Tonnage 195.15 Recycled Tonnage 100.76 Landflled Tonnage 94.39 s" MP01 -019 CITY OF COSTA MESA DEPARTMENT OF FINANCE MARC R. PUCKETT INTEROFFICE MEMORANDUM DIRECTOR OF FINANCE TO: SANITARY DISTRICT BOARD OF DIRECTORS FROM: MARC R. PUCKETT, DISTRICT TREASURER COPY TO: DISTRICT STAFF DATE: AUGUST 9, 2000 � Pao +�� SUBJECT: 2000-2001A, LIQUID AND SOLID WASTE CHARGES. FOR BOARD MEETING OF AUGUST 10, 2000 Please find attached the Engineer's report for proposed 2000 -2001 liquid waste collection charges and the rate calculation for proposed 2000 -2001 solid waste collection charges. These documents will presented to you by the District Manager at your August 10, 2000, board meeting. If you have any questions or need additional information do not hesitate to contact me directly. MAR R. PUCKETT Distri t Treasurer Attachments ` Costa Mesa Sanitary District E ENGINEER'S REPORT LIQUID WASTE COLLECTION CHARGES 2000101: Acres Existing Units/ Category Flow Ratio Developed Square Feet Units: Low 1440 1.00 2280 16;505 Medium 1775 1.23 1018 719 25j390 High/Trailers 3125 2.17 Square Feet: Commercial 2500 1.74 965 23;173;982. Industrial 3000 2.08 931 8;670535 Other 200 0.14 920 219,372 Flow /Acre Low 1.00 x 2280 = 2280.00 2280 Medium 1.23 x 1018 = 1252.14 HighfTrailers 2.17 x 719 = 1560.23 2812 Commercial 1.74 x 965 = 1679.10 1679 Industrial 2.08 x 931 = 1936.48 1936 Other 0.14 x 920 = 128.80 129 Total Flow 8836 Total Funds to be Collected: $ 1,487,866 Funds to be collected per category: Use Type Flow Total Flow Total Funds Low 2280 / 8836 = 25.804% x $ 1,487,866 = $ 383,929 Medium /High 2812 / 8836 = 31.824% x $ 1,487,866 = $ 473,499 Commercial 1679 / 8836 = 19.002% x $ 1,487,866 = $ 282,724 Industrial 1936 / 8836 = 21.910% x $ 1,487,866 = $ 325,991 Other 129 / 8836 = 1.460% x $ 1,487,866 = $ 21,723 8836 100.000% $1,487,866 OPTION 1: Use Type Low $ 383,929.00 / 16,505 = $ 23.26 Medium /High $ 473,499.00 / 25,390 = $ 18.65 Commercial $ 282,724.00 / ( 23,173,982 / 1000 sq ft) = $ 12.20 Industrial $ 325,991.00 / ( 8,670,535 / 1000 sq ft) = $ 37.60 Other $ 21,723.00 / ( 219,372 / 1000 sq ft) = $ 99.02 $ 1,487,866.00 OPTION 2: Use Type Low $ 379,945.10 = 16,505 x $ 23.02 Medium /High $ 449,910.80 = 25,390 x $ 17.72 Commercial $ 310,299.62 = ( 23,173,982 / 1000 sq ft) x $ 13.39 Industrial $ 341,965.90 = ( 8,670,535 / 1000 sq ft) x $ 39.44 Other $ 2,603.95 = ( 219,372 / 1000 sq ft) x $ 11.87 $ 1,484,725.37 Over(Under) $ (3,140.63) Units Serviced Annual Charge Funds to be Collected SOLID WASTE COLLECTION CHARGES 21,146 @ $ 174.50 = $ 3,690;030 08/09/2000 C: \MYDOCS2\ASSESSMENTS \Engineers Report 0 d 4 COSTA MESA SANITARY DISTRICT RATE CALCULATION SOLID WASTE COLLECTION FISCAL YEAR COMPARISON EXPENDITURES: Operating Costs _ Sanitation Dept. 183,950 11 MOS ACTUAL 132,240 Trash Hauler Contract FY 99/00 FY 99/00 FY 00 /01 REVENUES: 20,000 16,366 20,000 Projected Solid Waste Charge 1999 -00 3,698,277 3,243,212 3,690,030 Taxes 60,425 256,472 62,100 Interest Earnings 212,340 183,046 231,200 Other Revenue 29,813 231,344 30,742 TOTAL REVENUES 4,000,855 3,914,075 4,014,072 EXPENDITURES: Operating Costs _ Sanitation Dept. 183,950 70,180 132,240 Trash Hauler Contract 2,045,500 1,639,007 2,032,569 Contract Code Enforcement 20,000 16,366 20,000 Recycling Program 1,624,900 1,343,544 1,667,205 Sharps Program 6,000 3,606 6,000 Household Hazardous Waste Program 20,000 (421) 20,000 Telephone Book Recycling Program 11,000 2,197 11,000 Beverage Container Purchase Program 18,350 239 928 0 7,455 7,000 Increase For Facility Acquisition Direct Costs Subtotal 3,929,700 3,082,173 3,896,942 District Management 20,000 14,333 20,000 Board Members Meetings 10,000 8,900 10,000 Insurance 18,480 13,499 18,480 Memberships 2,250 1,915 2,250 Miscellaneous expense 2,000 (4,364) 2,625 Professional Svcs -Attny 22,500 12,163 22,500 Professional Svcs 0 4,494 9,000 Auditing Svcs 2,275 3,572 2,275 Travel & Meetings 4,000 2,587 5,250 Public Education 2,500 2,072 4,750 Election Expenses 0 0 10,000 Transcription Services 4,000 1,937 4,000 Strategic Plan 0 0 5,000 other Operating Costs 500 657 0 Non - Operating Exp - Other 1,000 467 1,000 Indirect Costs Subtotal 89,505 62,231 117,130 TOTAL EXPENDITURES 4,019,205 3,144,404 4,014,072 EXCESS (DEFICIENCY) OF REVENUES OVER 0 769,670 0 EXPENDITURES Funds Required Occupancy Rate 2000 -2001 PRELIMINARY PROJECTED SOLID WASTE CHARGES: 3,690,030 21,146 174.50 1.83% Increase 1999 -00 Solid Waste CHARGES: 3,621,650 21,133 171.37 1 MP01 -017 CITY OF COSTA MESA DEPARTMENT OF FINANCE MARC R. INTEROFFICE MEMORANDUM DIRECTOR OF FINANCE TO: SANITARY DISTRICT BOARD OF DIRECTORS FROM: MARC R. PUCKETT, DISTRICT TREASURER DATE: AUGUST 3, 2000 SUBJECT: CPI ADJUSTMENT — CR TRANSFER, INC. FOR BOARD MEETING OF AUGUST 10, 2000 Per the District's contract with CR Transfer, Inc., the basic rate paid to CR Transfer, Inc. is adjust annually by an amount equal to the percentage change in the Consumer Price Index (CPI) for the 12- month period ending in May of each year. The new rate becomes effective July I" each year. The attached compensation calculation reflects the basic rate increase, which is scheduled to take effect Julyl, 2000 based on the contractual formula for determining annual rate increases with CR Transfer, Inc. Staff has calculated the 12 -month CPI as of May, 2000 to be 2.95 %, which translates to a $1.03 per ton increase. There were no additional increases in the transfer rate this year due to waste diversion percentage increases as had accrued in the prior two years. Application of the diversion percentage to the $22 per ton landfill fee results in no increases in the transfer rate. The net result is an increase of $1.03 in the transfer rate. -Wzlt� MAR R. PUCKETT District Treasurer Attachments Increase / (Decrease) 2000 -01 1999 -00 Amount Percent Basic rate $ 35.92 34.89 1.03 2.95% Landfill fee 11.00 11.00 0.00 0.00 Transfer rate 46.92 45.89 1.03 2.24% -Wzlt� MAR R. PUCKETT District Treasurer Attachments I 1999 -00 Year Base Rate $34.89 1999 -00 Diversion % 50.00% 2000 -01 Diversion % 50.00% 1999 -00 Landfill Fee(per Ton) $22.00 2000 -01 Landfill Fee(per Ton) $22.00 CPI as of May, 1999 166.2 CPI as of May, 2000 171.1 CPI ( 171.1 - 166.2) / 166.2 = 2.95% 1998 -99 Base $34.89 CPI 2.95% 1.03 Per Ton Increase 1.03 Contractural Req Fiscal Year Required Beginning Diversion JULY 01 1995 25.00% 1996 30.00% 1997 30.00% 1998 37.50% 1999 50.00% 2000 50.00% 2001 50.00% 2002 50.00% 1999 -200 FISCAL YEAR TONNAGE COSTA MESA SANITARY DISTRICT Rate Calculation for CR Transfer, Inc. Fiscal Year 2000 -2001 2000 -2001 1999 -2000 Increase(Decrease) % Base Rate 35.92 34.89 1.03 2.95% Landfill Rate 11.00 11.00 0.00 0 Transfer Rate 46.92 45.89 1.03 2.24% 2000 -2001 Landfill Fee @ $22.00 x 50.00% = 11.00 1999 -2000 Landfill Fee @ $22.00 x 50.00% = 11.00 0.00 Base Compensation per ton of waste CITY COUNTY TOTAL delivered to CRT (excluding landfill fees) 184.63 3,206.52 August 2,910.96 CPI 3,098.18 September 2,780.73 230.84 Not to exceed 3% $18.92 168.19 $18.92 + 3% (18.92)= ('0.03000 x $18.92) + 18.92 = 19.49 Previous Base + CPI (0.01547 x 19.49) + 19.49 = 19.79 Previous Base + CPI (0.01270 x 19.79) + 19.79 = 20.04 Previous Base + CPI + $6.92 per ton (0.01442 x 20.04) + 20.04 = 27.31 Previous Base + CPI + $6.92 per ton (0.02402 x 27.31) + 27.31 = 34.89 Previous Base + CPI (0.02948 x 34.89) + 34.89 = 35.92 Previous Base + CPI Previous Base + Renegotiated CPI CITY COUNTY TOTAL July 3,021.89 184.63 3,206.52 August 2,910.96 187.22 3,098.18 September 2,780.73 230.84 3,011.57 October 2,499.02 168.19 2,667.21 November 2,772.60 185.32 2,957.92 December 2,769.20 212.23 2,981.43 January 2,403.17 181.97 2,585.14 d COSTA MESA SANITARY DISTRICT Rate Calculation for CR Transfer, Inc. Fiscal Year 2000 -2001 February 2,812.30 169.87 2,982.26 March 2,864.06 232.36 3,096.42 April 2,621.58 189.69 2,811.27 May1998" 2,608.19 179.02 2,787.21 June1998' 3,109.71 238.08 3,347.79 TOTAL 35,532.92 Total x Base Rate= '35,532.92 X 35.92= 1,276,342.49 Total x Landfill Fee= 35,532.92 X 11.00= 390,862.12 Total Tonnage 35,532.92 Total= 1,667,204.61 Avg. Per Month 2,961.08 Total Budget = 1,667,205.00 = Based on June of 1999 total "= Based on May of 1999 total a e This card is available on the Internet on the day of publication at: http: / /www.bis.gov /ro9news.htm then clid ific Cities and U.S. City Average Monthly" (TXT) or (PDF) version. This card is also available on our FAX- ON -DEMA rvice. To obtain a copy, call 415- 9754567. When asked for a document number, enter 9105. 1. months are also on the FAX -ON- DEMAND system, to receive a copy of April 2000, enter 9104, March 2000, enter 9103, February 2000, enter 9102, January 2000, enter 9101, December 1999, enter 9112, November 1999, enter 9111, October 1999, enter 9110, September 1999, enter 9109, August 1999, enter 9108. Julv 1999, enter 9107, etc. 1/ The San Francisco - Oakland -San Jose and Seattle - Tacoma- Bremerton urban areas are published bi- monthly on even months only (Feb, April, June, Aug, Oct, and Dec). The next CPI All Items indexes for the San Francisco and Seattle areas will be for June 2000 and released on July 18, 2000. *Size classes: A . 1,500,000 population and over, *•B /C o lose than 1,500,000 population. Dash (- )..Not Available Release date June 14, 2000. Next release date July 18, 2000. For more information call (415) 975 -4350. Anchorage (907) 271 -2770 Los Angeles (310) 235 -6884 San Diego (619) 557 -6538 Seattle (206) 553 -0645 Honolulu (808) 541 -2808 Portland (503) 326 -2081 San Francisco (415) 975 -4350 CONSUMER PRICE INDEXES PACIFIC CITIES AND U. S. CITY AVERAGE ALL ITEMS INDEXES (1982 -84 =100 unless otherwise noted) MAY 2000 ALL URBAN CONSUMERS URBAN WAGE EARNERS AND CLERICAL WORKERS PERCENT CHANGE PERCENT CHANGE Year 1 Month Year 1 Month INDEXES ending ending INDEXES ending ending MONTHLY DATA MAY. APR. MAY APR. MAY MAY MAY APR. MAY APR. MAY MAY 1999 2000 2000 2000 2000 2000 1999 2000 2000 2000 2000 2000 U. S. City Average ............... 166.2 171.2 171.3 3.0 3.1 0.1 1 162.8 167.9 168.1 3.2 3.3 0.1 (1967= 100) .................. 497.7 512.9 513.3 - - 1 484.9 500.1 500.7 - - - Los Angeles- Riverside - Orange Co.. 166.2 170.6 171.1 2.4 2.9 0.3 1 159.7 163.9 164.4 2.4 2.9 0.3 ' (1967= 100) .................. 490.9 504.0 505.4 - - - 1 471.9 484.4 485.7 - - - West ............................. 168.7 173.7 173.9 2.8 3.1 0.1 1 164.7 169.4 169.6 2.7 3.0 0.1 (Dec. 1977 = 100) .......... 272.7 280.8 281.2 - - - 1 264.9 272.5 272.9 - - - West - A........................ 169.8 175.1 175.4 3.0 3.3 0.2 1 164.0 169.0 169.3 2.9 3.2 0.2 (Dec. 1977 = 100) .......... 276.8 285.5 286.1 - - - 1 265.4 273.6 274.1 - - - West - B /C•(Dec. 1996 = 100) ...... 104.8 107.2 107.3 2.0 2.4 0.1 1 104.7 107.1 107.1 2.0 2.3 0.0 Year 2 Months Year 2 Months INDEXES ending ending INDEXES ending ending BI- MONTHLY DATA APR. FEB. APR. FEB. APR. APR. APR. FEB. APR. FEB. APR. APR. 1999 2000 2000 2000 2000 2000 1999 2000 2000 2000 2000 2000 San Francisco - oakland -San Jose 1 /.... 172.2 176.5 178.6 4.2 3.7 1.2 168.8 172.5 174.8 4.1 3.6 .1.3 (1967= 100) ..................... 529.4 542.5 549.2 - - - 513.9 525.3 523.4 - - Seattle - Tacoma - Bremerton 3/.......... 172.2 176.0 177:7 3.2 3.2 1.0 167.8 171.5 173.2 3.3 3.2 1.0 (1967 = 100) ..................... 525.0 536.5 541.6 - - - 1 497.7 508.7 513.6 - - - 1/ The San Francisco - Oakland -San Jose and Seattle - Tacoma- Bremerton urban areas are published bi- monthly on even months only (Feb, April, June, Aug, Oct, and Dec). The next CPI All Items indexes for the San Francisco and Seattle areas will be for June 2000 and released on July 18, 2000. *Size classes: A . 1,500,000 population and over, *•B /C o lose than 1,500,000 population. Dash (- )..Not Available Release date June 14, 2000. Next release date July 18, 2000. For more information call (415) 975 -4350. Anchorage (907) 271 -2770 Los Angeles (310) 235 -6884 San Diego (619) 557 -6538 Seattle (206) 553 -0645 Honolulu (808) 541 -2808 Portland (503) 326 -2081 San Francisco (415) 975 -4350 ST OF CALIFORNIA DIVISION OF LABOR STATISTICS AND RESEA ur - 11v1L1N I Ur 11NOUN I KIAL KELA17U1NN P.U. Box 42060J, Jan Francisco, Ualltorma 94142 http: / /www.dir.ca.gov CONSUMER PRICE INDEX - CALIFORNIA Los Angeles- Riverside- Orange Co., San Francisco- Oakland -San Jose, San Diego United States City Average, 1999 -2000 All Items 1982 - 1984 = 100 Year & Month All Urban Consumers Urban Wage Earners and Clerical Workers California' Los Angeles San Franciscob j San Die U.S. Cityb California' Los Angeles San Francisco San Diego ! U.S. Cityb Riverside Oakland Average Riverside Oakland t ; Average f. Orange Co San Jose Orange Co. ! San Jose I 1999 January y 164.2 b __. 164.3 b _.. 157.8 �, February 161.0 February 176.5 166.5 } 164.6 t 169.4 164.5 160.2 158.1 165.7 161.1 March - 163.9 1 - ! 165.0 b 16.5.0 - 158.3 b 161.4 Aril April 167.9 168.8 , 66.6 ( 172.2 ] 6 _ 6 2 162 6 160.1 _ 168.8 ! ! 162.7 May _ - f 166.2 b 166.2 - 159.7 b E 162.8 June 167.8 165.4 I 1718 1717 166.2 1616 158.9 168.3 160.2 162.8 July _ 165.8. b 166.7 159.2 b 163.3 August _ _. 169.0 j 166.3 173.5 167.1 162.7 159.8 j 170.0 �., 163.8 September 167 .2 b 167.9 160.7 b 164.7 October 170.2 167.2 F 175.2 168.2 163 7 160.7 1.2 165.0 _ ... November - ! 167.1 b 168.3 - 160.6 b I 165.1 December 170.0 167.3 174.5 173.9 168.3 163.8 160.9 170.9 1 162.4 j 165.1 Annual Average 168.5 166.1 1 172.5 172.8 166.6 162.2 159.6 168.8 161.3 I 163.2 2000 January 167.9 b 168.7 - 161.2 b 165.5 February 171.9 169.2 176.5 169.7 165.3 162.4 172.5 166.4 _ - March - 170.6 b 171.1 - 163.9 1 . b 167.8 April 173.6 j 170.6 178.6 171.2 167.0 163.9 174.8 - 167.9 May June July _. August _ September October November December ? Annual Average ° Weighted average of the consumer price indexes for Los Angeles- Anaheim - Riverside and San Francisco - Oakland -San Jose. A conversion factor has been included for comparability of 1987 data with 1986 and prior years. Computed by the Department of Industrial Relations, Division of Labor Statistics and Research from indexes issued by the U.S. Department of Labor. b Source: U.S. Department of Labor, Bureau of Labor Statistics. Beginning with January 1998 data, indexes for San Francisco- Oakland -San Jose will be published bi- monthly on even months only (February, April, June, etc.). 05/16/2000 A MPO1 -016 CITY OF COSTA MESA DEPARTMENT OF FINANCE INTEROFFICE MEMORANDUM DIRECTOR OF FINANC TO: SANITARY DISTRICT BOARD OF DIRECTORS FROM: MARC R. PUCKETT, DISTRICT TREASURER DATE: AUGUST 3, 2000 SUBJECT: CPI ADJUSTMENT — COSTA MESA DISPOSAL FOR BOARD MEETING OF AUGUST 10, 2000 Per the District's contract with Costa Mesa Disposal, the basic rate paid to Costa Mesa Disposal is adjusted annually by an amount equal to the percentage change in the Consumer Price Index (CPI) for the 12 -month period ending in May of each year. The new rate becomes effective July Is' each year. The attached compensation calculation reflects the basic rate increase which is scheduled to take effect July 1, 2000, based on the contractual formula for determining annual rate increases with Costa Mesa Disposal. Staff has calculated the 12 -month CPI as of May, 2000 to be 2.95 %. This will increase the District's monthly rate per occupancy payable to Costa Mesa Disposal as follows: 1999 -00 Trash rate per occupancy $ 7.7501 2000 -01 Rate adjustment based on May 2000 CPI 0.2286 2000 -01 Trash rate per occupancy Effective July, 2000 MARC/R. PUCKETT Distr'ct Treasurer Attachments $ 7.9787 M Trashrate COSTA MESA DISPOSAL rate Calculation CONSUMER PRICE INDEX(LOS ANGELES /RIVERSIDE, ORANGE AREA) INCREASE Index as of May, 1999 166.2 Index as of May, 2000 171.1 Occupancy as of May, 1999 21,156 (occupancy total per Lois) Percentage increase (171.1 - 166.2)/ 166.2 = 2.95% Basic Rate Calculation Last Year's Basic Rate (Sec. IV)= 7.7501 per occupancy New Basic Rate= (7.7501 X 2.95 %; Effective July 1, 1999, the rate shall be: 7.9787 X 21,156 ) Large Item Pickup Landfill Charges + 0.2286 7.7501 7.9787 C 12= 2,025,568.53 7,000.00 2,032,568.53 Budget Amount $ 2,032,569.00 This card is available on the Internet on the day of publication at: http: //w "v.bls.gov /ro9news.htm then clicl ific Cities and U.S. City Average Monthly" (TXT) or 0'DF) version, This card is also available on our FAX- ON -DEMA rvice. To obtain a copy, call 415- 975 -4567. When asked for a document number, enter 9105. 1 _ months are also on the FAX -ON- DEMAND system, to receive a copy of April 2000, enter 9104. March 2000, enter 9103. February 2000. enter 9102. January 2000, enter 9101, December 1999, enter 9112, November 1999. enter 9111, October 1999, enter 9110. September 1999, enter 9109, . \ugust 1999, enter 9108. July 1999. enter 9107, etc. CONSUMER PRICE INDEXES PACIFIC CITIES AND U. S. CITY AVERAGE ALL ITEJIS INDEXES (1982 -84 =100 unless otherwise noted) MAY 2000 ALL URBAN CONSUMERS DR-BAN WAGE EARNERS AND CLERICAL WORKERS PERCENT CHANGE PERCENT CHANGE Year 1 Month Year 1 Month INDEXES ending ending INDEXES ending ending MONTHLY DATA MAY. APR. MAY APR. MAY MAY MAY APR. MAY APR. MAY MAY. 1999 2000 2000 2000 2000 2000 19: 19 2000 2000 2000 2000 2000 11. S. City Average. .............. 166.2 171.2 171.3 3.0 3.1 0.1 1 162.8 167.9 168.1 3.2 3.3 0.1 (1967 =100) .................. 497.7 512.9 513.3 - - 484.9 500.1 500.7 - - - Los Angeles- Riverside - Orange Co.. 166.2 170.6 171.1 2.4 2.9 0.3 159.7 163.9 164.4 2.4 2.9 0.3 (1967 = 100) .................. 490.9 504.0 505.4 - - - 471,9 484.4 485.7 West ............................ 168.7 173.7 173.9 2.8 3.1 0.1 164.7 169.4 169.6 2.7 3.0 0.1 (Dec. 1977 = 100) .......... 272.7 280.8 281.2 - - - 264.9 272.5 272.9 - - - West - A........................ 169.8 175.1 175.4 3.0 3.3 0.2 164.0 169.0 169.3 2.9 3.2 0.2 (Dec. 1977 = 100) .......... 276.8 285.5 286.1 - - - 265.4 273.6 274_: - - - West - B /C*(Dec. 1996 = 100) ...... 104.8 107.2 107.3 2.0 2.4 0.1 104.7 107.1 107.1 2.0 2.3 0.0 I Year 2 Months Year 2 Months INDEXES ending ending INDEXES ending ending BI- MONTHLY DATA APR. FEB. APR. FEB. APR. APR. APR. FEE, APR. FEB. APR. APR. 1999 2000 2000 2000 2000 2000 1909 2000 2000 2000 2000 2000 San Francisco - Oakland -San Jose 1,'.... 172.2 176.5 178.6 4.2 3.7 1.2 168.8 172.5 174.8 4.1 3.6 1.3 (1967= 100) ..................... 529.4 542.5 549.2 - - - 513.9 525.3 523.4 - - - Seattle- Tacoma- Bremertea j /.......... 172.2 176.0 177.7 3.2 3.2 1.0 167.8 171.5 173.2 3.3 3.2 1.0 (1967 = 100) ... .................. 525.0 536.5 541.6 - - - 497.7 508.7 513.6 3/ The San Francisco- Oakland -San Jose and Seattle- Tacoma- Bremerton urban areas are published bi- monthly on even meachs only (Feb, April, June, Aug, Oct, and Dec). The next CPI All Items indexes for the San Francisco and Seattle areas will be for .rune 2000 and released on July 18, 2000- *Size classes: A - 1,504,000 populatica and over, * *B /C - less than 1,500,000 population. Dash ( -). Not Available Release date June 14, 2000. Next release date July 18, 2000. For more information call (415) 975 -4350. Anchorage (907) 271 -2770 Los Angeles (310) 235 -6884 San Diego (619) 557 -6538 Seattle (206) 553 -0645 Honolulu (808) 541 -2808 Portland (503) 326 -2081 San Francisco (415) 975 -4350 ST I OF CALIFORNIA DL :ITIENT OF INDUSTRIAL RELATIONS DIVISION OF LABOR STATISTICS AND RESE, P.O. Box 420603, San Francisco, California 94142 lt(ti):HNvrvw.(Iir.ca.gov CONSUMER PRICE INDEX - CALIFORNIA Los Angeles- Riverside- Orange Co., San Francisco - Oakland -San Jose, San Diego United States City Average, 1999 -2000 All Items 1982 - 1984 = 100 Year & Month All Urban Consumers Urban Wage Earners and Clerical Workers California Los Angeles f San I,rancisco'; San Diegos U.S. City' California' Los Angeles : San Francisco I San Diego' I U.S. Cityb Riverside Oakland Average Riverside Oakland Average Orange Co. San Jose Orange Co. San Jose j l 1999 January - 164.2 I b 164.3 1 57.8 i b i 161.0 February 166.5 164.6 169.4 J64.5 160.2 158.1 165.7 161.1 March - 165.0 b 165.0 - 158.3 b 161.4 April 168.8 166.6 172.2 166.2 162.6 160.1 168.8 162.7 May - j 166.2 b 166.2 - 159.7 b 162.8 June 167.8 165.4 171.8 171.7 166.2 161.6 158.9 168.3 160.2 162.8 July - ! 165.8 b 166.7 - 159.2 b 163.3 August 169.0 166.3 173.5 167.1 162.7 159.8 170.0 ! 163.8 September 167.2 6 167.9 - 160.7 b 164.7 October 170.2 167.2 175.2 168.2 163.7 160.7 171.2 165.0 November - I G7. I b 168.3 - 160.6 b ! 165.1 December 170.0 167.3 174.5 173.9 1 68.3 163.8 160.9 170.9 162.4 1 165.1 Annual Average I68.5 166.1 172.5 172.8 166.6 162.2 159.6 168.8 161.3 163.2 2000 January - 167.9 b 168.7 - 161.2 b i 165.5 February 171.9 169.2 176.5 169.7 165.3 162.4 172.5 j 166.4 March - i 170.6 b 171.1 - 163.9 b 167.8 April 173.6 i 170.6 178.6 171.2 167.0 163.9 174.8 ( i 167.9 May j June j July August September October i November December j I Annual Average i ' Weighted average of the consumer price indexes for Los Angeles- Anaheim - Riverside and San Francisco - Oakland -San Jose. A conversion factor has been included for comparability of 1987 data with 1986 and prior years. Computed by the Department of Industrial Relations, Division of Labor Statistics and Research from indexes issued by the U.S. Department of Labor. b Source: U.S. Department of Labor, Bureau of Labor Statistics. Beginning with January 1998 data, indexes for San Francisco - Oakland -San Jose will be published bi- monthly on even months only (February, April, June, etc.). 05/16/2000 MPO 1 -018 CITY OF COSTA MESA DEPARTMENT OF FINANCE MARC R. PUCKETT INTEROFFICE MEMORANDUM DIRECTOR OF FINANCE c TO: SANITARY DISTRICT BOARD OF DIRECTORS FROM: MARC R. PUCKETT, DIRECTOR OF FINANCE DATE: AUGUST 4, 2000 SUBJECT: QUESTIONS REGARDING FINANCIAL STATEMENTS At your July 13" Board meeting several questions were asked relating to the preliminary June 30, 2000 financial statements and the Treasurer's report for the month of June. It is my understanding from listening to the tapes of the meeting that you had the following questions: 1) Per page number 11 of the Treasurer's report, why did the cash balances increase by two million dollars from the prior year end total? It is important to understand that there is a difference between cash balances and fund balances. Cash balances are a measure of liquidity and fund balances are a measure of results of operations. Having said that, the reason for the two million increase in cash balances as of June 30 is as follows (attachment 1); 1. Project appropriations to replacement reserves adopted in the FY00 budget equaled $665,000. - 'SewtP 6,111, 2. Orange County Bankruptcy proceeds of $423,128. par tied Sewer 3. Depreciation ex�p_ eenns_e recorded for Sewer assets of $429,375. - S w oily . 4. Unanticipated delinquent tax collections totaling $379,062 (see attached remittance advice, attachment 2). �q'� S X -U&W 4, to v . ; 3. S Y, c ;e,,, �) liar or'u l few ��• These four items total $1,896,565. The remaining amount is primarily attributable to the results of operations of the Sewer Fund. 2) Can we have "final" financial statements by the next meeting? No. Attached are unaudited financial statements for the fiscal year ended June 30, 2000 (attachment 3). These statements cannot be considered "final" until the accounting records have 1 been audited by an independent public accountant and an opinion rendered as to accuracy and fairness of the statements presented as a whole. This year I have moved up the audit by 45 days. The audited financial statements should be issued by September 30. As an aside, the Board has never been provided audited financial statements prior to adoption of its rates. Further, the Board has never been provided with "finaled" unaudited financial statements such as those attached to this report. All year -end adjusting journal entries have been posted prior to preparation of the attached reports. There should not be any material changes between the attached financial statements and the audited financial statements. 3) When we did our budgeting (for FY00), we didn't anticipate this $1.3 million in excess did we? In the budget, we anticipated the $665,000 excess related to the project appropriations. We did not budget depreciation of $429,375. However, the fact that we do not budget depreciation was discussed with the Board during the adoption of the budget. Further, when the budget was adopted for FY00, we did not anticipate receiving the OC bankruptcy proceeds of $423,128 or the delinquent tax collections of $379,062. 4) How much was budgeted in the project appropriations in FY00? $665,000. See attached Capital Project listing for FY00 (attachment 4). If you have any additional questions or need additional information don't hesitate to contact me. MA C R. PUCKETT Director of Finance Attachments 2 COSTA MESA SANITARY DISTRICT DAILY CASH FLOWS AS OF JUNE 30, 2000 12,000, 000 10,000, 000 8,000, 000 W U 6,000,000 4,000,000 2,000,000 00 c 0 00 c 0 00 Op Op Ob c 0 c 0 c 0 O p O p Op 00 Op 5 0 00 p 0 p 0 p 0 p 0 p0 p 0 p 0 p0 p0 p 0 p 0 p 0 p0 po p 0 p 0 p 0 p 0 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , 1 DATE ATTACHMENT 2 .0 0 MAR 23 COSTA MESA SANITARY DIST FINANCE DIRECTOR P.O.BOX 1200 COSTA MESA, CA 92628 -1200 i I nirr I'I;i:t. Iv uut I1� -il�n- A, " ax tnit ;111 MARC; 21, 2000 1999 -2000 APPORTIONMENT SECURED COLL PAID = 5 AS OF 03/23/2000 SLP05 AT63E102 FUND /AGENCY FUND DESCRIPTION AMOUNT C16 - .01 COSTA MESA SANITARY DIST- GEN.FUND 6,139.10 REFUNDS -20.92 COLLECTION CHARGES -16.05 SUBTOTAL 6 10L•19 C16 - .02 COSTA MESA SANITARY DIST TRASH ASMT 279,150.20 SUBTOTAL 279.150.20 '16 - .03 COSTA MESA SANITARY DIST - EWER ASSMT 93,509.' -_9, SUBTOTAL 93 50 0.19 FUND TOTAL 379,062.18 ** ATTACHMENT 3 COSTA MESA SANITARY DISTRICT BALANCE SHEET AS OF JUNE 30, 2000 Property, Plant & Equip: 322,555.47 115,511.15 FACILITIES 0.00 $438,066.62 $2,993.96 SOLID WASTE 0.00 LIQUID WASTE REVOLVING ACTUAL TOTALS 0.00 4,025.00 $370.45 FUND FUND FUND Combined Funds Fiscal Year(12 mos.) 0.00 ACCOUNT NAME UA 241,647.07 j,Qj, 3r23 As of 6/30/ 00(12mos.) 19,022,487.79 1998 -99 316,420.90 Current Assets: 19,338,908.69 18,783,763.97 Other Equipment 0.00 540,174.04 0.00 Cash and Investments $2,677,548.31 540,174.04 $5,283,651.24 $1,723,451.61 $9,684,651.16 Construction in Progress $6,554,294.22 365,264.27 Accounts Receivable 0.00 0.00 3,443.69 0.00 3,443.69 1,608.34 0.00 Returned 0.00 316,420.90 0.00 0.00 0.00 19,982,539.59 0.00 Depreciation Taxes Receivable 68,687.71 364,755.69 16,088.31 0.00 84,776.02 687,681.61 0.00 Interest Receivable 90,210.35 10,647,185.6E 43,847.16 0.00 134,057.51 10,953,059.22 0.00 11,468,820.68 Solid Waste Receivable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,670,878.65 Liquid Waste Receivable 0.00 Total Assets 0.00 0.00 0.00 $2,031,342.65 35,737.97 $20,885,998.50 Grant Receivable $18,060,461.21 Reserved for Capital Outlay 0.00 2,750,302.89 0.00 Due From Other Governments 10,210.84 2,240,329.89 13,782.56 2,017.50 26,010.90 0.00 Prepaid items(Insurance) 0.00 12,777,135.35 0.00 0.00 0.00 0.00 0.00 0.00 Total Current Assets 2,846,657.21 5,360,812.96 1,725,469.11 9,932,939.28 Total Retained Earnings 6,591,640.53 Property, Plant & Equip: 322,555.47 115,511.15 0.00 $438,066.62 $2,993.96 Property Rights 0.00 4,025.00 0.00 0.00 0.00 4,025.00 $370.45 4,025.00 Buildings and Structures 0.00 241,647.07 14,240.16 0.00 0.00 241,647.07 14,240.16 241,647.07 Subsurface Lines 0.00 19,022,487.79 0.00 316,420.90 19,338,908.69 18,783,763.97 Other Equipment 0.00 540,174.04 0.00 0.00 0.00 540,174.04 0.00 198,681.51 Construction in Progress 0.00 365,264.27 235,004.38 0.00 0.00 365,264.27 235,004.38 754,422.04 Total Prop., Plant, & Equip. 0.00 20,173,598.17 0.00 316,420.90 0.00 20,490,019.07 0.00 19,982,539.59 Depreciation 0.00 (9,526,412.49) 364,755.69 (10,547.36) 0.00 (9,536,959.85) 687,681.61 (8,513,718.91) Net Property, Plant & Equip 0.00 10,647,185.6E �, 305,873.54 10,953,059.22 11,468,820.68 .Q PV *'F) 0.00 4,670,878.65 0.00 4,670,878.65 4,616,698.65 Total Assets $2,846,657.21 $16,007,998.64 0.00 $2,031,342.65 0.00 $20,885,998.50 0.00 $18,060,461.21 Liab. and District Equity Current Liabilities: A, -nts Payable 322,555.47 115,511.15 0.00 $438,066.62 $2,993.96 ?ayables 370.45 0.00 0.00 $370.45 $370.45 C,. Jevelopment Deposits 0.00 14,240.16 0.00 14,240.16 14,240.16 Sales and Use Tax Payable 0.00 0.00 0.00 Due to City of Costa Mesa 0.00 0.00 0.00 0.00 0.00 Due to Other Governments 0.00 235,004.38 0.00 235,004.38 21,189.56 Deferred Revenue 0.00 0.00 0.00 0.00 0.00 Total Current Liabilities 322,925.92 364,755.69 0.00 687,681.61 38,794.13 District Equity: Contributed Capital 0.00 4,670,878.65 0.00 4,670,878.65 4,616,698.65 Res for Trash Assessment Rfnd 0.00 0.00 0.00 0.00 0.00 Reserved for Capital Outlay 0.00 2,750,302.89 0.00 2,750,302.89 2,240,329.89 Unreserved 2,523,731.29 8,222,061.41 2,031,342.65 12,777,135.35 9,917,890.72 Current Earnings 0.00 0.00 0.00 0.00 1,246,747.82 Total Retained Earnings 2,523,731.29': 15,643,242.95 2,031,342.65 15,527,438.24 13,404,968.43 Total District Equity 2,523,731.29 15,643,242.95 2,031,342.65 20,196,316.89 18,021,667.08 Total Liab. & Diet. Equity $2,846,657.21 $16,007,998.64 $2,031,342.65 $20,885,998.50 $18,060,461.21 -�oa ate Scow, .Puwti �i i►c� �o, Al'vw-. 5 Attachment 3 COSTA MESA SANITARY DISTRICT STATEMENT OF REVENUES AND EXPENSES AS OF JUNE 30, 2000 6 6 SEWER FACILITIES ACTUAL TOTALS SOLID WASTE LIQUID WASTE CONSTRUCTION REVOLVING Combined Fund. Fiscal Year(12 :oust Name FUND FUND FUND FUND A. -Of 6/30/00(12moe) 1998 - 1999 Operating Revenues: Solid Waste Charges 3,242,526.12 $0.00 0.00 0.00 3,242,526.12 3,417,035.74 Liquid Waste Charges 0.00 1,382,404.91 0.00 0.00 1,382,404.91 1,456,819.34 Permits 6 Inspection Fees 0.00 23,044.18 0.00 0.00 23,044.18 14,694.00 O.C.S.D. Fees -CMSD Share 0.00 19,841.79 0.00 108,120.84 127,962.63 8,031.23 Other Charges for Services 46.85 46.85 0.00 0.00 93.70 804.80 Sale of Maps and Publ. 0.00 301.00 0,00 0.00 301.00 74.00 Orange County Bankruptcy Reimb. 211,564.06 211,564.07 0.00 0.00 423,128.13 0.00 Other Reimbursements 544.98 544.98 0.00 (20,000.00) (18,910.04) 26,296.50 Reimb. Of Mandated costs 5,054.50 5,054.00 0.00 0.00 10,108.50 - 0,00 Special Assessments 0.00 0.00 0.00 0.00 0.00 3,325.75 Total Operating Revenues 3,459,736.51 1,642,801.78 0.00 88,120.84 5,190,659.13 4,927,081.36 Operating Expenses: Solid Waste Disposal: Trash Hauler 1,966,843.60 0.00 0.00 0.00 1,966,843.60 1,755,505.51 Large Item Pick -Up 7,454.73 0.00 0.00 0.00 7,454.73 7,000.00 Contractual Services - General 84,943.46 0.00 0.00 0.00 84,943.46 100,593.92 Contract Code Enforcement 19,917.58 0.00 0.00 0.00 19,917.58 14,536.17 Liquid Waste Disposal: 0.00 0.00 0.00 0.00 0.00 0.00 Sewer Repairs and Maintenance 0.00 82,203.04 0.00 0.00 82,203.04 13,498.71 Contractual Services - Liquid 0.00 500,838.74 0.00 0.00 500,838.74 631,513.71 Dump Charges: 0.00 0.00 0.00 0.00 0.00 0.00 Recycling and Disposal 1,638,937.41 0.00 0.00 0.00 1,636,937.41 1,323,551.36 General 6 Administration 0.00 0.00 0.00 0.00 0.00 0.00 Transcription Services 2,387.88 2,387.87 0.00 0.00 4,775.75 0.00 Board Member Fees 10,650.00 10,650.00 0.00 0.00 21,300.00 18,300.00 General Liability 17,868.98 17,868.99 0.00 0.00 35,737.97 36,240.60 Public Info /Edu & Com Prom (4,364.29) (4,364.30) 0.00 0.00 (8,728.59) 15,688.81 Manager /Engineer 17,514.00 145,322.65 0.00 0.00 162,836.65 131,716.00 Special Program Costs 9,139.31 0.00 0.00 0.00 9,139.31 32,826.91 Attorney 15,050.00 13,537.50 0.00 0.00 28,587.50 0.00 Travel 6 Meetings 2,986.50 2,986.40 0.00 0.00 5,972.90 2,385.00 Professional Organizations -Dues 1,933.00 1,933.00 0.00 0.00 3,866.00 6,242.22 Photocopy Supplies (1.00) (1.00) 0.00 0.00 (2.00) 0.00 '.timedia Prom /Subsc 6 Postage 2,270.59 2,320.59 0.00 0.00 4,591.18 0.00 iting Services 7,635.50 8,135.50 0.00 0.00 15,771.00 0.00 - ofessional Service. 0.00 0.00 0.00 0.00 0.00 0.00 Office Equipment 0.00 1,313.47 0.00 0.00 1,313.47 0.00 Depreciation 0.00 424,101.40 ` y4C 0.00 5,273.68 429 375.08 0.00 Total Operating Exp .... a 3,801,167.25 1,209,233.85 0.00 5,273.68 5,015,674.78 4,089,598..9-2 OPERATING INCOME(LOSS) _40 (341,430.74) 433,567.93 0.00 82,847.16 174,989.35 837,482 44 Nonoperating Revenue (Expenses): Investment Earning. 231,299.31 107,474.03 8,519.06 79,510.99 426,803.39 277,961.89 Taxes 339,285.93 286,686.45 0.00 0.00 625,972..28 144,302.51 Sewer Permits / 0.00 3,045.00 0.00 0.00 3,045.00 O.00 Annexation Fees 42.50 42.50 0.00 0.00 85.00 0.00 Excessive Effluent Discharge 0.00 8,725.50 0.00 0.00 8,725.50 0.00 ERAF Reimbursement AB1661 % 686.19 686.19 0.00 0.00 1,372.38 0.00 Other State Grant. .f 687.63 0.00 0.00 0.00 687.63 0.00 Other Governmental Agencies /i 4,865.78 0.00 0.00 0.00 4,865.78 0.00 Contributions / 5,575.00 0.00 0.00 0.00 5,575.00 0.00 Gain (LC.$) /Disposal of Assets �/ 0.00 0.00 0.00 0.00 0.00 0.00 Nonoperating Income - Other 7,917.15 7,917.15 0.00 0.00 15,834.30 35,977.52 Gain (Lass) on Investment. 0.00 0.00 0.00 0.00 0.00 0.00 Nonoperating Expenses - Other (478.43) (478.42) 0.00 0.00 956.85 0.00 Trustee Fees (195.61) (195.61) 0.00 0.00 391.22 0.00 Professional Services - Other 0.00 0.00 0.00 0.00 0.00 0.00 Capital Replacement Reserve 0.00 0.00 0.00 0.00 0.00 0.00 Total Nonoperating Rev (Exp) 589,685.35 413,90179 8,519,06 79,510.99 11091,618.19 458,241.92 NRT INCOME 248,254.61 847,470.72 8,519.06 162,358.15 $1,266,602.54 $1,295. 24.36 6 6 ACCOUNT NAME Operating Revenues: Solid Waste Charges Other Charges for Services Other Reimbursements Orange County Bankruptcy Reimb. Reimbursement -Of Mandated Costs Special Assessments Total Operating Revenues Operating Expenses: Solid Waste Disposal: Trash Hauler Large Item Pick -Up Contractual Services - General Contract Code Enforcement Recycling and Disposal General & Administration Transcription Services Board Member Fees Gep ^-al Liability P1 Info /Edu & Com prom Marx,, er /Engineer Special Program Costs Attorney Travel & Meetings Professional Organizations -Dues Photocopy Supplies Multimedia Prom /Subsc & Postage Auditing Services Professional Services Depreciation Total Operating Expenses OPERATING INCOME (LOSS) Nonoperating Revenue (Expenses): Investment Earnings Taxes Annexation Fees EFAF Reimbursements Other State Grants Other Government Agencies Contributions Gain (Loss) /Disposal of Assets Nonoperating Income - Other Gain (Loss)/ Investments Nonoperating Expenses - Other Trustee Fees Pr-- ,ssional Services - Other C it Replacement Reserve Total Nonoperating Rev (Exp) COSTA MESA SANITARY DISTRICT STATEMENT OF REVENUES AND EXPENSES BUDGET VS ACTUAL SOLID WASTE FUND(594) FOR THE TWELVE MONTHS ENDED JUNE 30, 2000 BUDGET ACTUALS Attachment 3 VARIANCE: Through June FAVORABLE 1998 -1999 (UNFAVORABLE) ACTUALS $3,698,277.00 $3,242,526.12 10,650.00 ($455,750.88) 17,868.98 $3,417,700.00 500.00 46.85 17,514.00 ($453.15) 9,139.31 804.80 0.00 544.98 2,966.50 $544.98 1,933.00 13,148.25 0.00 211,564.06 2,270.59 $211,564.06 7,635.50 0.00 0.00 5,054.50 0.00 $5,054.50 0.00 0.00 3,000.00 0.00 18,350.00 ($3,000.00) (17,662.37) 0.00 3,701,777.00 3,459,736.51 4,865.78 (242,040.49) 25,000.00 3,433,315.93 2,038,409.00 7,000.00 183,950.00 20,000.00 1,624,900.00 4,000.00 10,000.00 18,480.00 2,250.00 20,000.00 55,350.00 22,500.00 4,000.00 2,250.00 250.00 2,500.00 2,275.00 0.00 0.00 1,966,843.60 71,565.40 7,454.73 (454.73) 84,943.46 99,006.54 19,917.58 82.42 1,638,937.41 (14,037.41) 2,387.88 1,612.12 10,650.00 (650.00) 17,868.98 611.02 (4,364.29) 6,614.29 17,514.00 2,486.00 9,139.31 46,210.69 15,050.00 7,450.00 2,966.50 1,013.50 1,933.00 317.00 (1.00) 251.00 2,270.59 229.41 7,635.50 (5,360.50) 0.00 0.00 0.00 0.00 1,915,496.03 0.00 100,593.92 14,536.17 1,318,391.11 14,710.50 18,120.30 2,784.82 25,013.91 131,716.00 22,275.00 1,692.50 3,121.11 448.47 2,305.19 0.00 0.00 0.00 0.00 4,018,114.00 3,801,167.25 216,946.75 3,571,405.03 (316,337.00) (341,430.74) (458,987.24) (138,089.10) 210,800.00 231,299.31 20,499.31 186,983.68 60,425.00 339,285.83 278,860.83 72,151.26 1,313.50 42.50 (1,271.00) 0.00 0.00 686.19 686.19 0.00 18,350.00 687.63 (17,662.37) 0.00 0.00 4,865.78 4,865.78 0.00 25,000.00 5,575.00 (19,425.00) 0.00 0.00 0.00 0.00 0.00 0.00 7,917.15 7,917.15 0.00 0.00 0.00 0.00 0.00 (1,000.00) (478.43) 521.57 13,025.76 0.00 (195.61) (195.61) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 314,888.50 589,685.35 274,796.85 272,160.70 NET INCOME ($1,448.50) $248,254.61 ($184,190.39) $134,071.60 7 Attachment 3 STATEMENT OF REVENUES AND EXPENSES BUDGET VS ACTUAL LIQUID WASTE FUND(595) FOR THE TWELVE MONTHS ENDED JUNE 30, 2000 VARIANCE: Through June FAVORABLE 1998 -99 ACCOUNT NAME BUDGET ACTUALS (UNFAVORABLE) ACTUALS Operating Revenues: Liquid Waste Charges 1,487,866.00 1,382,404.91 (105,461.09) 1,456,819.34 Permits & Inspection Fees 10,000.00 23,044.18 13,044.18 14,694.00 O.C.S.D. Fees 6,000.00 19,841.79 13,841.79 8,031.23 Other Charges for Services 500.00 46.85 (453.15) 402.40 Other Reimbursements 0.00 544.98 544.98 13,148.25 Orange County Bankruptcy Reimb. 0.00 211,564.07 211,564.07 0.00 Reimbursement -Of Mandated Costs 0.00 5,054.00 5,054.00 0.00 Sales of Maps 100.00 301.00 201.00 74.00 Special Charges 3,000.00 0.00 (3,000.00) 1,662.88 Total Operating Revenues 1,507,466.00 1,642,801.78 135,335.78 1,493,169.22 Operating Expenses: Liquid Waste Disposal: Sewer Repairs and Maintenance 28,550.00 82,203.04 (53,653.04) 13,498.71 Contractual Services - Liquid 771,320.00 500,838.74 270,481.26 631,513.71 r General & Administration Transcription Services 4,000.00 2,387.87 1,612.13 0.00 Board Member Dues 10,000.00 10,650.00 (650.00) 9,150.00 General Liability 18,480.00 17,868.99 611.01 18,120.30 Public Info /Edu & Com Prom 2,250.00 (4,364.30) 6,614.30 7,844.41 Manager /Engineer 158,200.00 145,322.65 12,877.35 131,716.00 Attorney 22,500.00 13,537.50 8,962.50 20,193.88 Travel & Meetings 4,000.00 2,986.40 1,013.60 1,192.50 Professional Organizations -Dues 2,250.00 1,933.00 317.00 3,121.11 Photocopy Supplies 250.00 (1.00) 251.00 0.00 Multimedia Prom /Subscrip & Post 2,500.00 2,320.59 179.41 0.00 Auditing Services 2,275.00 8,135.50 (5,860.50) 0.00 Professional Services 0.00 0.00 0.00 0.00 Office Equipment 1,450.00 1,313.47 136.53 0.00 Depreciation 0.00 424,101.40 (424,101.40) 0.00 Total Operating Expenses 1,028,025.00 1,209,233.85 (181,208.85) 83.6,350.61 OPERATING INCOME(LOSS) 479,441.0.0 433,567.93 316,544.63 656,818.61 Nonoperating Revenue (Expenses): Investment Earnings 99,200.00 107,474.03 8,274.03 88,947.80 Taxes 60,425.00 286,686.45 226,261.45 72,151.26 Sewer Permits 2,000.00 3,045.00 1,045.00 0.00 Annexation Fees 1,313.50 42.50 (1,271.00) 0.00 Excessive Effluent Discharge 6,048.00 8,725.50 2,677.50 0.00 EFAF Reimbursement 0.00 686.19 686.19 0.00 Other State Grants 0.00 0.00 0.00 0.00 Gain (Loss) /Disposal of Assets 0-.00 0.00 0.00 0.00 Nonoperating Income - Other 0.00 7,917.15 7,917.15 17,988.76 Gain (Loss) on Investments 0.00 0.00 0.00 0.00 Nonoperating Expenses - Other (11000.00) (478.42) 521.58 0.00 Trustee Fees 0.00 (195.61) (195.61) 0.00 Professional Services -Other 0.00 0.00 0.00 0.00 Capital Replacement Reserve 0.00 0.00 0.00 0.00 Total Nonoperating Rev (Exp) 167,986.50 413,902.79 245,916.29 179,087.82 NET INCOME $647,427.50 $847,470.72 $562,460.92 $835,906.43 i ATTACHMENT 3 COSTA MESA SANITARY DISTRICT CONSTRUCTION IN PROGRESS* FOR THE TWELVE MONTHS ENDED JUNE 30, 2000 CONSTRUCTION IN PROGRESS: REVOLVING FUND 593 ACCT #500000 990007 #128 - Mesa /Birch Swr Relgn $221,000.00 0.00 TOTAL CAP.IMPROVEMENT RSRV GRAND TOTAL *Unaudited Financial Statement 221,000.00 0.00 0.00 0.00 $221,000.00 0.00 0.00 221,000.00 $3,283,712.22 $79,836.31 $354,587.39 $184,382.81 $2,849,288.52 9 CAPITAL REPLACEMENT RESERVE PRIOR YEARS' CAPITAL BUDGET ENCUMBRANCES ACTUALS EXPENDITURES BALANCE PROG # CURRENT YEAR PROJECTS 990001 #149 Sinking Fd /Swr Replm 320,000.00 0.00 0.00 0.00 320,000.00 990020 #156 Earthquake /Major Emerg.Sewer 277,000.00 0.00 0.00 0.00 277,000.00 990023 #159 Televising Sewer Lines (CRR) 18,000.00 0.00 0.00 0.00 18,000.00 990027 #164 Misc. Sewer Work /Manhole Adj 50,000.00 12,960.00 36,184.29 0.00 855.71 Current Year Sub -Total 665,000.00 12,960.00 36,184.29 0.00 615,855.71 PRIOR YEARS' PROJECTS 990007 #128 - Mesa /Birch Swr Relgn 6,527.00 0.00 0.00 71,973.00 6,527.00 990008 #129 - Bristol St. Pump Stn. 131,487.00 0.00 8,450.79 90,419.85 123,036.21 990009 #135- Reconst.FrcMn EldenII 130,201.18 0.00 0.00 0.00 130,201.18 990017 #147- Update Early Wrn Sys 98,225.41 9,726.31 2,750.00 1,774.59 85,749.10 990001 #149- Sinking Fd /Swr Replm 700,805.00 0.00 0.00 0.00 700,805.00 990002 #150- Update Pump Stn Alrm(FD BAL) 16,527.30 0.00 330.99 0.00 16,196.31 990003 #151 - Reconst. Var Swr Lns 361,303.00 54,900.00 165,260.11 8,863.00 141,142.89 990019 4152 - Televising Swr Lines 15,236.00 0.00 0.00 0.00 15,236.00 990005 #153- Swr Lat Root Study 14,055.00 0.00 9,639.00 0.00 4,416.00 990019 #155 -Swr Master Plan 18,000.00 0.00 0.00 6,110.44 18,000.00 990020 #156 -Major Emerg Swr Lines 596,827.01 0.00 0.00 0.00 596,827.01 990021 #157- Televising Swr Lines 17,000.00 0.00 0.00 0.00 17,000.00 990023 #159- Televising Swr Lines 17,000.00 0.00 8,622.52 0.00 8,377.48 990024 #161 - Constr Water Svc,ll Stns 70,000.00 0.00 4,725.00 0.00 65,275.00 "'025 #162 -Pilot Prog,Use of Enzymes 60,000.00 2,250.00 6,950.00 0.00 50,800.00 )26 #163 - Upgrade Emerg Response Sys 134,758.07 0.00 102,333.62 5,241.93 32,424.45 Sy0027 #164- Misc.Swr Work /Manhole 9,760.25 0.00 9,341.07 0.00 419.18 Total Operating Expenses 2,397,712.22 66,876.31 318,403.10 184,382.81 2,012,432.81 TOTAL CAP.REPLACEMENT RSRV $3,062,712.22 $79,836.31 $354,587.39 $184,382.81 $2,628,288.52 CONSTRUCTION IN PROGRESS: REVOLVING FUND 593 ACCT #500000 990007 #128 - Mesa /Birch Swr Relgn $221,000.00 0.00 TOTAL CAP.IMPROVEMENT RSRV GRAND TOTAL *Unaudited Financial Statement 221,000.00 0.00 0.00 0.00 $221,000.00 0.00 0.00 221,000.00 $3,283,712.22 $79,836.31 $354,587.39 $184,382.81 $2,849,288.52 9 Id 4. COSTA MESA SANITARY DISTRICT GENERAL FUND PROPOSED BUDGET 1999 -2000 FISCAL YEAR CAPITAL PROJECTS PROPOSED 99 -00 149 Sinking Fd /Future Sewer Replcmnt (ERE 156 Earthquake /Major Emerg. Sewer(CRR) 1S9 Televising Sewer Lines CUR) 164 Misc. Sewer Wow rk /Manhole Adj.(CRR) TOTAL PROPOSED CAPITAL PROJECTS TOTAL EXPENSES FUND EQUITY Trash Reserve Sewer Reserve Facility Replacement Reserve General Operating Reserve Sewer Construction Reserve(Closeout -Sewer Constr Fd) Sinking Fund/ Fixture Sewer Replacement Reserve Capital Replacement Reserve Total Fund Equity a-vok dldu« all U K 3900 OK /Om ATTACHMENT 4 COMBINED TRASH SEWER TOTAL 0.00 320,000.00 320,000.00 0.00 277,000.00 277,000.00 0.00 18,000.00 18,000.00 0.00 50,000.00 50,000.00 0.00 665,000.00 665,000 00 ; 4,000,855.00 1,674,025.00 5,674,880 00 June 30, 2000 Proposed FY 1999 -2000 0.00 0.00 888.00 888.00 333,516.00 3,360,416.00 110,770.00 1,020,805.00 1,811,623.00 6,638,018.00 C AR = - ClPr�*/_ fiF1 r (EMF,1V 9 FJ4evIr. 10 ;L MPO 1 -020 COSTA MESA SANITARY DISTRICT _ DEPARTMENT OF FINANCE INTEROFFICE MEMORANDUM DIRECTOR OF FINANCE TO: SANITARY DISTRICT BOARD OF DIRECTORS FROM: MARC R. PUCKETT, DIRECTOR OF FINANCE DATE: AUGUST 10, 2000 SUBJECT: TREASURER'S REPORT FOR THE MONTH OF JULY 2000 Attached is the Treasurer's Report for the month of July, 2000. This report of the District's portfolio lists the types of investments, institutions, maturity dates and interest rates along with the District's bank reconciliation. All of the District's investments as of July 31, 2000, are in compliance with both the Investment Policy and the California Government Code. All market values provided in this report were obtained from the District's custodial bank, Bank of New York. As of July 31, 2000, the District has adequate liquid cash reserves necessary to meet its obligations for the next six months. The weighted average interest rate for the Costa Mesa Sanitary District investment portfolio at July 31, 2000, was 6.34 %. The weighted average days to maturity was 366 days. MAR R. PUCKETT Director of Finance Attachment ACTIVE ACCOUNTS Bank of America Reconciling Items Total Active Accounts INVESTMENTS COSTA MESA SANITARY DISTRICT TREASURER'S REPORT OF MONIES ON DEPOSIT AS OF JULY 31, 2000 DEPOSITS OUTSTANDING BANK BALANCE IN TRANSIT CHECKS BOOK BALANCE $ 5,581.43 - 2,042.00 3,539.43 19,167.20 (19,167.20) 5,581.43 - 21,209.20 (15,627.77) Local Agency Investment Fund 1,829,595.26 Sweep Account 0.01 Medium Term Corporate Notes 2,782,789.17 Commercial Paper 970,177.78 Federal Agency Securities 3,978,871.88 Total Investments 9, 561, 434.10 - TOTAL CASH & INVESTMENTS $ 9,567,015.53 - /D -00 MARC R. PUCKETT DATE City Treasurer 1, 829, 595.26 0.01 2,782,789.17 970,177.78 3,978,871.88 - 9,561,434.10 21,209.20 9,545,806.33 l COSTA MESA SANITARY DISTRICT INVESTMENT ACTIVITY SUMMARY FOR THE MONTH OF JULY 2000 Total investments outstanding as of June 30, 2000 Additions: Investment Purchases: None Deductions: Investment Maturity Proceeds: None Investments Called: None Purchase Maturity Coupon Date Date Rate Net increase (decrease) in Sweep Account Net increase (decrease) in LAIF Total investments outstanding as of July 31, 2000 $ 9,855,683.52 Cost (294,249.42) $ 9,561,434.10 3 INSTITUTION Local Agency Investment Fund Bank of New York Bank of America N A Union Bank Bank of America N A Union Bank Salomon Smith Barney Bank of America N A Bank of America N A Salomon Smith Barney TOTAL KEY: STP - State Treasurers Pool FHLB - Federal Home Loan Bank CP- Commercial Paper INTEREST RATE 6.443% 5.280% 5.450% 6.100% 5.750% 6.750% 5.450% 7.125% 6.505% 7.500% COSTA MESA SANITARY DISTRICT INVESTMENTS AND INVESTMENT EARNINGS AS OF JULY 31, 2000 INTEREST INVESTMENT EARNED AT PURCHASE DESCRIPTION AMOUNT 07/31/00 DATE STP SWEEP FFCB C P !Galaxy Funding) MTCN (Nationsbank Corp.) MTCN (Aetna Services) FNMA MTCN (Daimler Chrysler) FHLB FHLMC $ 1,829,595.26 Bullet 08/29/00 Bullet; S &P rated as A- 1 /Moodys rated as P -1. 0.01 Bullet; S &P rated as A +; Moodys rated as Aa2. - -- 998,560.00 27,098.61 03/01/02 08/02/99 970,177.78 25,077.78 05/23/03 03/06/00 991,770.00 21,722.22 04/18/00 791,439.17 24,900.00 05/04/00 982,890.00 26,795.83 07/23/99 999,580.00 26,916.66 03/15/00 997,421.88 21,141.25 10/15/99 1,000,000.00 14,166.66 05/23/00 $ 9,561,434.10 187,819.01 FNMA - Federal National Mortgage Assoc. SWEEP - Stagecoach Treasury Money Market Fund FFCB - Federal Farm Credit Bank GENERAL FUND SEWER CONSTRUCTION FUND FACILITIES REVOLVING FUND CMSD SOLID WASTE FUND CMSD LIQUID WASTE FUND TOTAL MATURITY DATE COMMENTS 08/02/00 Bullet 08/29/00 Bullet; S &P rated as A- 1 /Moodys rated as P -1. 03/15/01 Bullet; S &P rated as A +; Moodys rated as Aa2. 08/15/01 Bullet; S &P rated as A; Moodys rated as A3. 02/04/02 Callable 08/04/99, continuous call thereafter 03/01/02 Bullet; S &P rated as A +; Moodys rated as Al. 10104/02 Callable 10 104 100; recurring call every 6 months 05/23/03 Callable 05/23/01; callable with 10 days notice. MTCN - Medium Term Corporate Note FHLMC - Federal Home Loan Mortgage Corporation COSTA MESA SANITARY DISTRICT CASH BALANCE BY FUND AS OF JULY 31. 2000 591 592 593 594 595 $ (11,830.29) 177,637.68 1,729,249.11 2,436,351.46 $ 9,545,806.33 COSTA MESA SANITARY DISTRICT SUMMARY OF POLICY LIMITATIONS AS OF JULY 31, 2000 CURRENT PERCENTAGE BASED ON MARKET DESCRIPTION VALUE AS OF 07/31/00 MAXIMUM PERCENTAGE U.S. Treasury Bills 0.00% UNL U.S. Treasury Notes 0.00% UNL Federal Agency Issues: FICB 0.00% 20.00% FFCB 10.44% 20.00% FLB 0.00% 20.00% FHLB 10.43% 20.00% FNMA 10.28% 20.00% FHLMC 10.46% 20.00% Other * 0.00% 20.00% Banker's Acceptances 0.00% 40.00% Certificates of Deposit 0.00% UNL Negotiable Certificates of Deposits 0.00% 30.00% Commercial Paper 10.15% 15% or 30 %\(1) Medium Term Corporate Notes 29.10% 30.00% Repurchase Agreements 0.00% UNL Reverse Repurchase Agreements 0.00% 10% of base LAIF (Local Agency Investment Fund) 19.14% $30,000,000.00 Current Balance $1,829,595.26 Orange County Treasurer's Pool 0.00% 35.00% Money Market Mutual Funds (Sweep Account) 0.00% 10% per fund (2) Asset - Backed and Mortgage - Backed Securities 0.00% 20.00% TOTAL 100.00% % Rounds 5/4 % of Portfolio Maturing within one year 51.59% no less than 25% % of Portfolio Maturing or Callable within one year 81.83% (1) Current dollar weighted average maturity as of 07/31/00 is 29 days. (2) Also limited to 20% in total. *These securities are not considered for purchases: SBA, GNMA, TVA and SALLIEMAE 5 COSTA MESA SANITARY DISTRICT OUTSTANDING INVESTMENTS BY INSTRUMENT TYPE AS OF JULY 31, 2000 $ 9,561,434.10 9,549,102.04 100.000% % Rounds 5/4 92 TYPE OF PURCHASE MATURITY INTEREST MARKET % OF INSTITUTION INVESTMENT DATE DATE RATE COST VALUE PORTFOLIO SPECIAL CHARACTERISTICS OF INVESTMENTS LAIF POOL N/A CONTINUOUS 6.443% $ 1.829,595.26 1,829,595.26 19.135% Local Agency Investment Fund - State Treasurer's Pool Bank of New York SWEEP N/A CONTINUOUS 5.280% 0.01 0.01 0.000% Stagecoach Funds Inc. - Treasury Money Market Mutual Fund Bank of America N.A. FFCB 08/02/99 08/02/00 5.450% 998,560.00 1.000,000.00 10.444% Bullet Union Bank CP (Galaxy Funding) 03/06/00 08/29/00 6.100% 970,177.78 969,313.02 10.147% S & P rated as A -1; Moodys rated as P -l. Salomon Smith Barney FNMA 07/23/99 02/04/02 5.450% 982,890.00 975,156.25 10.280% Callable 08/04/99, continuous call thereafter Salomon Smith Barney FHLMC 05/23/00 05/23/03 7.500% 1,000,000.00 1,000,170.00 10.459% Callable 05/23/01, callable w /10 days notice. Union Bank MTCN (Aetna Services) 05 /04/00 08/15/01 6.750% 791,439.17 794,000.00 8.277% Bullet; S & P rated as A; Moodys rated as A3. Bank of America N.A. MTCN (Nationsbank Corp.) 04/18/00 03/15/01 5.750% 991,770.00 991,840.00 10.373% Bullet; S & P rated as A +; Moodys rated as Aa2. Bank of America N.A. MTCN (Daimler Chrysler) 03/15/00 03/01/02 7.125% 999,580.00 1,000,590.00 10.454% Bullet; S & P rated as A +; Moodys rated as Al. 2,782,789.17 2,786,430.00 29.104% Bank of America N.A. FHLB 10/15/99 10/04/02 6.505% 997,421.88 988,437.50 10.432% Callable 10/04/00; recurring call every 6 months $ 9,561,434.10 9,549,102.04 100.000% % Rounds 5/4 92 INSTITUTION Local Agency Investment Fund Bank of New York Bank of America N.A. Union Bank Bank of America N.A. Union Bank Salomon Smith Barney Bank of America N.A. Bank of America N.A. Salomon Smith Barney COSTA MESA SANITARY DISTRICT OUTSTANDING INVESTMENTS AS OF JULY 31, 2000 TYPE OF PURCHASE MATURITY/ DAYS TO COUPON INVESTMENT DATE CALL DATE MATURITY RATE 6.287 % 970,177.78 Pool 991,770.00 7.630 % 1 6.443 % Sweep 1 5.280 % FFCB 08/02/99 08/02/00 2 5.450 % CP (Galaxy Funding) 03/06/00 08/29/00 29 6.100 % MTCN (Nationsbank Corp.) 04/18/00 03/15/01 227 5.750 % MTCN (Aetna Services) 05/04/00 08/15/01 380 6.750 % FNMA 07/23/99 02/04/02 553 5.450 % MTCN (Daimler Chrysler) FHLB FHLMC WEIGHTED AVERAGE INTEREST RATE OF PORTFOLIO WEIGHTED AVERAGE YIELD TO MATURITY WEIGHTED AVERAGE DAYS TO MATURITY v Continuous 03/15/00 03/01/02 578 10/15/99 10/04/02 795 10/04/00 05/23/00 05/23/03 1,026 05/23/01 Total outstanding investments 6.34 % 6.64 % 366 DAYS 7.125 % 6.505 % 7.500 % YIELD TO MATURITY COST 6.443 % $ 1,829,595.26 5.280 % 0.01 5.600 % 998,560.00 6.287 % 970,177.78 6.691 % 991,770.00 7.630 % 791,439.17 6.190 % 982,890.00 7.146 % 999,580.00 6.601 % 997,421.88 7.500 % 1,000,000.00 $ 9,561,434.10 COSTA MESA SANITARY DISTRICT SCHEDULE OF INVESTMENTS OUTSTANDING FOR ALL MATURITIES WITH MARKET VALUES AS OF JULY 31, 2000 PURCHASE DATE MATURITY DATE INSTITUTION TYPE OF INVESTMENT PAR INTEREST RATE COST MARKET VALUE N/A CONTINUOUS LAIF POOL $ 1,829,595.26 6.443% 1,829,595.26 1,829,595.26 N/A CONTINUOUS Bank of New York SWEEP 0.01 5.280% 0.01 0.01 08/02/99 08/02/00 Bank of America N.A. FFC B 1,000,000.00 5.450% 998,560.00 1,000,000.00 03/06/00 08/29/00 Union Bank C P (Galaxy Funding) 1,000,000.00 6.100% 970,177.78 969,313.02 04/18/00 03/15/01 Bank of America N.A. MTCN (Nationsbank Corp.) 1,000,000.00 5.750% 991,770.00 991,840.00 05/04/00 08/15/01 Union Bank MTCN (Aetna Services) 800,000.00 6.750% 791,439.17 794,000.00 03/15/00 01/03/02 Bank of America N.A. MTCN (Daimler Chrysler) 1,000,000.00 7.125% 999,580.00 1,000,590.00 07/23/99 02/04/02 Salomon Smith Barney FNMA 1,000,000.00 5.450% 982,890.00 975,156.25 10/15/99 10/04/02 Bank of America N.A. FHLB 1,000,000.00 6.505% 997,421.88 988,437.50 05/23/00 05/23/03 Salomon Smith Barney FHLMC 1,000,000.00 7.500% 1,000,000.00 1,000,170.00 Total investments outstanding o ACCRUED INTEREST 27,098.61 25,077.78 21,722.22 24,900.00 26,916.66 26,795.83 21,141.25 14.166.66 $ 9,629.595.27 9,561,434.10 9,549,102.04 187,819.01 NET GAIN /LOSS IF SOLD 1,440.00 (864.76) 70.00 2,560.83 1,010.00 (7,733.75) (8,984.38) 170.00 (12,332.06) TYPE OF INVESTMENT FNMA FHLB FHLMC 0 COSTA MESA SANITARY DI CALLSCHEDULE AS OF JULY 31, 2000 PURCHASE MATURITY INTEREST DATE DATE RATE 07/23/99 02/04/02 5.450% 10/15/99 10/04/02 6.505% STRICT CALL DATE COST PAR Continuous $ 982,890.00 1,000,000.00 10/04/00 997,421.88 1,000,000.00 05/23/00 05/23/03 7.500% 05/23/01 1,000,000.00 1,000,000.00 COSTA MESA SANITARY DISTRICT DAILY CASH FLOWS AS OF JULY 31, 2000 12, 000, 000 10, 000, 000 8,000,000 W U 6,000, 000 4,000,000 2,000,000 00 00 00 00 00 00 00 g0 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 DATE COSTA MESA SANITARY DISTRICT CASH FLOWS AS OF JULY 31, 2000 1,800,000 - - - -- -- 1,600,000 1,400,000 1,200,000 1,000,000 800,000 p�q 600,000 400,000 200,000 rn rn rn rn rn rn o 0 0 0 rn rn rn rn rn o 0 0 0 0 0 0 0 0 Date �' REVENUE EXPENSE 7.50 7.00 6.50 F 6.00 z w U W4 a 5.50 N 5.00 4.50 1999 /2000 MARKET RATES AS OF JULY 31, 2000 4.00 00 00 00 }0j0) 00 CO C0 00 00 Op 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 oN NCO �O tic, N^ O Npc �� NO YN NCo o Cr (3 Nti (Z 4 1� 1311� ti , ti Nn 1N N� ooj Cn p N DATE COSTA MESA SANITARY DISTRICT - ASSET ALLOCATION AS OF JULY 31, 2000 FEDERAL HOME FEDERAL MEDIUM TERM LOAN NATIONAL CORPORATE MORTGAGE MORTGAGE NOTES COMMERCIAL CORPORATION ASSOCIATION 30% PAPER 100/0 10°x6 10% FEDERAL FARM LOCAL AGENCY FEDERAL HOME CREDIT BANK INVESTMENT LOAN BANK 10% FUND 10% 20% % Rounded 5/4 w F; Local Agency Investment Fund aFederal Home Loan Mortgage Corp MFederal Home Loan Bank . Federal National Mortgage Assn Federal Farm Credit Bank F] Medium Term Corporate Notes F] Commercial Paper Total In Thousands $ 1,829 1,000 997 983 999 2,783 970 $ 9,561 COSTA MESA SANITARY DISTRICT - PORTFOLIO INTEREST RATE INFORMATION AS OF JULY 31, 2000 6.75 6.50 6.25 6.00 Z or 5.75 /1.010 Ey 5.50 W U W 5.25 a A 5.00 7- 4.75 4.50 4.25 4.00 0rl Or1 Or1 0A OA 0lb OOo O'b 0lb Olb 0� O, O� O� 0 OW O0 O5 00 00 00 cO Ob 00 00 00 00 00 00 00 00 00 00 00 OO OO DATE ~p F—cmSD AVERAGE - -LAIF T -BILL (1 YEAR) --T -NOTE (3 YEAR) OCIP COSTA MESA SANITARY DISTRICT - MATURITIES DISTRIBUTION AS OF JULY 31, 2000 39.726% ------ - - - - -- ----------------- 29.011% 300/b- 25%- 20.890% 20% 15% 10.373% - - - - 10% 5% 0% - -- -- 1 - 180 Days 181 - 365 Days 1 -2 Years 2 -3 Years % Rounded 5/4 In Thousands 1 - 180 Days $ 3,798 181 - 365 Day 992 1 - 2 Years 2,774 2 - 3 Years 1,997 TOTAL $ 9,561 1\ NIT4 �f tri ct Qxsta Mes anita- is $^APO R ATE %� Phone August 4, 2000 (714) 754 -5043 Fax (714) 432 -1436 Honorable Chairman Baggett Web Address State Water Resources Control Board wwwci.costa- mesa.ca.us 901 P Street Sacramento, CA 95814 Subject: State Water Resources Control Board ( SWRCB) Final Environmental Impact Report and General Order Covering General Waste Discharge Requirements for Biosolids Mailing Address P o. Box 1200 Dear Chairman Baggett and Members of the - Board: Costa Mega, CA Recycling of our waste streams and diverting reusable material from our landfills 92628 -1200 has become a high priority for every city and county in the State and is reflected in state law mandating recycling and diversion from landfills. Biosolids can be recycled from our wastewater treatment plants to provide valuable nutrients and soil conditioners to our agricultural lands. Although some biosolids can be reused in urban areas for landscaping and horticulture, maximizing such reuse requires a statewide approach to achieve success. Street Address 77 Fair Drive We, therefore, support the certification of the statewide Final Environmental Impact Costa Mesa, CA Report and adoption of the General Order Covering General Waste Discharge 92626 -6520 Requirements for Biosolids Land Application. The state has been in a holding pattern regarding issuance of any permits, which are needed to establish land application sites while the EIR has been prepared under your auspices. We urge that you complete this process and adopt the General Order in the most expeditious manner possible. Board of Directors .4 rt Perry Arlene Schafer Greg R )odside James Fernvman Dan ffbr,-hington ® Printed on Recycled Parser Sincerely, James Ferryman, Director Costa Mesa Sanitary District cc: Mary Jane Forster, SWRCB Board Member John W. Brown, SWRCB Board Member Peter S. Silva, SWRCB Board Member Blake Anderson, General Manager, OCSD Board Staff ORANGE COUNTY SANITATION DISTRICT July 26, 2000 Director James Ferryman Costa Mesa San�tary District 1095 Tulare Drive Costa Mesa, CA 92626 -21,12 SUBJECT: Biosolids General Order and EIR — Support Letters Need( d! The State Water Resources Control Board (SWRCB) has re'eased the F nal Geri: Order (GO) for biosolids land application and its associated Programmat Environmental Impact Report (EIR), As the attached notice indicates, workshops on the GC an- EIR have be �n schedul -nd for Tuesday, August 1, 2000 at 10 a.m. in Santa Clarita and l iursda} August 3, 2000 at 1:00 p.m. in Sacramento. The purpose of the workshi ps is to receive testimony from interested parties and agencies regarding the GC and thy: EIR. The two workshops provide an opportunity to ensure the adoption if a reasonable science -based biosolids regulation. I urge your city to send a ierer of support for the GO to the SW RCB. Er ;lased r, three draft letters that may be used as templates for your letters. The S! ti CB v l consider the GO and EIR for adoption and certification at its Augus' 1.7tf Board meeting in Sacramento. The Orange County Sanitation District (District) and numerous other ag= 1cies throughout California contributed to the funding of the EIR, and adoptior of the G'. > the culmination of that Effort. This is the time to have a great show of SL )port to' CO. It is important for the cities that the District serves to show support or the benef;cial reuse of biosolids pursuant to appropriate requirements. For moro information, pleasa contact me at (714) 593 -7110 or Layne Bt cldi at (714) 593 -7456. T'nank you for your assistance. 4 -1 Blake P. Anderson General Manager BPNLB:kmf H'.1'J C;3`d5 \.iSjO`,3�.55`, 6"-FIF, CCSC .., ;es.xc Enclosures '70 h'rGL2C : ° F_bji, eno t 'e tlnr_ _g` 1^ ir��SC2W3.B J /SCE^'S' W 9y:'^cl rL;::'tM �. ti..Rir i i f4!• MP01 -019 s : CITY OF COSTA MESA DEPARTMENT OF FINANCE MARC R. PUCKETT INTEROFFICE MEMORANDUM DIRECTOR OF FINANCE TO: SANITARY DISTRICT BOARD OF DIRECTORS FROM: MARC R. PUCKETT, DISTRICT TREASURER COPY TO:. DISTRICT STAFF DATE: AUGUST 9, 2000 SUBJECT: 2000 -2001 PROJECTED LIQUID AND SOLID WASTE CHARGES. FOR BOARD MEETING OF AUGUST 10, 2000 Ind attached the Engineer's report for proposed 2000 -2001 liqui charges. These documaents will Please f the rate calculation for proposed 2000-2001 solidgust 10, 2000,tboard meeting. presented to you by the District Manage your If ou have any questions or need additional information do not hesitate to contact me directly. Y MARC p,. PUCKETT Distri (t Treasurer Attachments ' Costa Mesa Sanitary District � ENGINEER'S REPORT LIQUID WASTE COLLECTION CHARGES 2000/01: Acres Existing Units/ Category Flow Ratio Developed Square Feet Units: Low 1440 1.00 2280 16,505. Medium 1775 1.23 1018 High/Trailers 3125 2.17 719 25;390' Square Feet: Commercial 2500 1.74 965 231.173,982 Industrial 3000 2.08 931 8',670,535. Other 200 0.14 920 219.372 Flow /Acre Low 1.00 x 2280 = 2280.00 2280 Medium 1.23 x 1018 = 1252.14 High/Trailers 2.17 x 719 = 1560.23 2812 Commercial 1.74 x 965 = 1679.10 1679 Industrial 2.08 x 931 = 1936.48 1936 Other 0.14 x 920 = 128.80 129 Total Flow 8836 Total Funds to be Collected: $ 1;487,866 Funds to be collected per category: ` Use Type Flow Total Flow Total Funds Low 2280 / 8836 = 25.804% x $ 1,487,866 = $ 383,929 Medium /High 2812 / 8836 = 31.824% x $ 1,487,866 = $ 473,499 Commercial 1679 / 8836 = 19.002% x $ 1,487,866 = $ 282,724 Industrial 1936 / 8836 = 21.910% x $ 1,487,866 = $ 325,991 Other 129 / 8836 = 1.460% x $ 1,487,866 = $ 21,723 8836 100.000% $1,487,866 OPTION 1: Use Type Low $ 383,929.00 / 16,505 = $ 23.26 Medium /High $ 473,499.00 / 25,390 = $ 18.65 Commercial $ 282,724.00 / ( 23,173,982 / 1000 sq ft) _ $ 12.20 Industrial $ 325,991.00 / ( 8,670,535 / 1000 sq ft) _ $ 37.60 Other $ 21,723.00 / ( 219,372 / 1000 sq ft) _ $ 99.02 $ 1,487,866.00 OPTION 2: Use Type Low $ 379,945.10 = 16,505 x $ 23.02 Medium /High $ 449,910.80 = 25,390 x $ 17.72 Commercial $ 310,299.62 = ( 23,173,982 / 1000 sq ft) x $ 13.39 Industrial $ 341,965.90 = ( 8,670,535 / 1000 sq ft) x $ 39.44 Other $ 2,603.95 = ( 219,372 / 1000 sq ft) x $ 11.87 $ 1,484,725.37 Over(Under) $ (3,140.63) Units Serviced Annual Charge Funds to be Collected SOLID WASTE COLLECTION CHARGES 21,146 @ $ 174.50 = $ 3,690.030 08/09/2000 C: \MYDOCS2\ASSESSMENTS \Engineers Report COSTA MESA SANITARY DISTRICT RATE CALCULATION SOLID WASTE COLLECTION FISCAL YEAR COMPARISON EXPENDITURES: Operating Costs - Sanitation Dept. 183,950 11 MOS ACTUAL 132,240 Trash Hauler Contract FY 99/00 FY 99/00 FY 00 /01 REVENUES: 20,000 16,366 20,000 Projected Solid Waste Charge 1999 -00 3,698,277 3,243,212 3,690,030 Taxes 60,425 256,472 62,100 Interest Earnings 212,340 183,046 231,200 Other Revenue 29,813 231,344 30,742 TOTAL REVENUES 4,000,855 3,914,075 4,014,072 EXPENDITURES: Operating Costs - Sanitation Dept. 183,950 70,180 132,240 Trash Hauler Contract 2,045,500 1,639,007 2,032,569 Contract Code Enforcement 20,000 16,366 20,000 Recycling Program 1,624,900 1,343,544 1,667,205 Sharps Program 6,000 3,606 6,000 Household Hazardous Waste Program 20,000 (421) 20,000 Telephone Book Recycling Program 11,000 2,197 11,000 Beverage Container Purchase Program 18,350 239 928 0 7,455 7,000 Increase For Facility Acquisition Direct Costs Subtotal 3,929,700 3,082,173 3,896,942 District Management 20,000 14,333 20,000 Board Members Meetings 10,000 8,900 10,000 Insurance 18,480 13,499 18,480 Memberships 2,250 1,915 2,250 Miscellaneous expense 2,000 (4,364) 2,625 Professional Svcs -Attny 22,500 12,163 22,500 Professional Svcs 0 4,494 9,000 Auditing Svcs 2,275 3,572 2,275 Travel & Meetings 4,000 2,587 5,250 Public Education 2,500 2,072 4,750 Election Expenses 0 0 10,000 Transcription Services 4,000 1,937 4,000 Strategic Plan 0 0 5,000 Other Operating Costs 500 657 0 Non - Operating Exp - Other 1,000 467 1,000 Indirect Costs Subtotal 89,505 62,231 117,130 TOTAL EXPENDITURES 4,019,205 3,144,404 4,014,072 EXCESS (DEFICIENCY) OF REVENUES OVER 0 769,670 0 EXPENDITURES Funds Required Occupancy Rate 2000 -2001 PRELIMINARY PROJECTED SOLID WASTE CHARGES: 3,690,030 21,146 174.50 1.83% increase 1999 -00 Solid Waste CHARGES: 3,621,650 21,133 171.37 MPO 1 -007 COSTA MESA SANITARY DISTRICT DEPARTMENT OF FINANCE, MARC R. INTEROFFICE MEMORANDUM DIRECTOR OF FINANCE TO: SANITARY DISTRICT BOARD OF DIRECTORS FROM: MARC R. PUCKETT, DIRECTOR OF FINANCE ' DATE: JULY 13, 2000 SUBJECT: TREASURER'S REPORT FOR THE MONTH OF JUNE 2000 Attached is the Treasurer's Report for the month of June, 2000. This report of the District's portfolio lists the types of investments, institutions, maturity dates and interest rates along with the District's bank reconciliation. All of the District's investments as of June 30, 2000, are in compliance with both the Investment Policy and the California Government Code. All market values provided in this report were obtained from the District's custodial bank, Bank of New York. As of June 30, 2000, the District has adequate liquid cash reserves necessary to meet its obligations for the next six months. The weighted average interest rate for the Costa Mesa Sanitary District investment portfolio at June 30, 2000, was 6.29 %. The weighted average days to maturity was 379 days. MAP/C- R. PUCKETT Director of Finance Attachment COSTA MESA SANITARY DISTRICT TREASURER'S REPORT OF MONIES ON DEPOSIT AS OF JUNE 30, 2000 ACTIVE ACCOUNTS Bank of America Reconciling Items Total Active Accounts INVESTMENTS Local Agency Investment Fund h Sweep Account Medium Term Corporate Notes NT-cm) Commercial Paper Federal Agency Securities Total Investments TOTAL CASH & INVESTMENTS MARC R. PUCKETT City Treasurer BANK BALANCE $ 11,952.56 DEPOSITS IN TRANSIT 505.00 2,140.00 11,952.56 2,645.00 2,123,844.68 0.01 2,782,789.17 970,177.78 3,978,871.88 9,855,683.52 $ 9,867,636.08 OUTSTANDING CHECKS BOOK BALANCE 2,480.33 9,977.23 11,074.13 13,554.46 2,645.00 13,554.46 7- / /-GYM DATE (8,934.13) 1,043.10 2,123,844.68 0.01 2,782,789.17 970,177.78 3,978,871.88 9,855,683.52 9, 856, 726.62 2 COSTA MESA SANITARY DISTRICT INVESTMENT ACTIVITY SUMMARY FOR THE MONTH OF JUNE 2000 Total investments outstanding as of May 31, 2000 Additions: Investment Purchases: None Deductions: Investment Maturity Proceeds: None Investments Called: None Purchase Maturity Coupon Date Date Rate Net increase (decrease) in Sweep Account Net increase (decrease) in LAIF Total investments outstanding as of June 30, 2000 $ 10,001,683.51 Cost 0.01 (146,000.00) $ 9,855,683.52 3 COSTA MESA SANITARY DISTRICT INVESTMENT ACTIVITY SUMMARY FOR THE QUARTER ENDING JUNE 30, 2000 Total investments outstanding as of March 31, 2000 Additions: Investment Purchases: MTCN (Nationsbank Corp.) MTCN (Aetna Services) FHLMC Deductions: Investment Maturity Proceeds: Investments Called: None Purchase Maturity Date Date 04/18/00 03/15/01 05/04/00 08/15/01 05/23/00 05/23/03 Net increase (decrease) in Sweep Account Net increase (decrease) in LAIF Total investments outstanding as of June 30, 2000 $ 8,714,699.39 Interest Rate Cost 5.750% 991,770.00 6.750% 791,439.17 7.500% 1,000,000.00 (60.55) (1,642,164.49) $ 9,855,683.52 9 INSTITUTION Local Agency Investment Fund Bank of New York Bank of America N A Union Bank Bank of America N A Union Bank Salomon Smith Barney Bank of America N A Bank of America N A Salomon Smith Barney TOTAL INTEREST RATE * 6.190% 5.280°% 5.450% 6.100% 5.750% 6.750% 5.450% 7.125% 6.505% 7.500% COSTA MESA SANITARY DISTRICT INVESTMENTS AND INVESTMENT EARNINGS AS OF JUNE 30, 2000 INTEREST INVESTMENT EARNED AT PURCHASE DESCRIPTION AMOUNT 06 /30/00 DATE STP SWEEP FFCB CP (Galaxy Funding) MTCN (Nationsbank Corp.) MTCN (Aetna Services) FNMA MTCN (Daimler Chrysler) FHLB FHLMC MATURITY DATE COMMENTS $ 2,123,844.68 591 $ 3,140,329.92 SEWER CONSTRUCTION FUND 592 0.01 - -- -- CMSD SOLID WASTE FUND 998,560.00 22,556.94 08/02/99 08/02/00 Bullet 970,177.78 19,825.00 03/06/00 08/29/00 Bullet; S &P rated as A- 1 /Moodys rated as P -1. 991,770.00 16,930.55 04/18/00 03/15/01 Bullet; S &P rated as A+; Moodys rated as Aa2. 791,439.17 20,400.00 05104/00 08/15/01 Bullet; S &P rated as A; Moodys rated as A3. 982,890.00 22,254.16 07/23/99 02/04/02 Callable 08/04/99, continuous call thereafter 999,580.00 20,979.16 03/15/00 03/01/02 Bullet; S &P rated as A+; Moodys rated as Al. 997,421.88 15,720.41 10/15/99 10/04/02 Callable 10/04/00; recurring call every 6 months 1,000,000.00 7,916.66 05/23/00 05/23/03 Callable 05/23/01; callable with 10 days notice. $ 9,855,683.52 146,582.88 KEY: STP - State Treasurers Pool FNMA - Federal National Mortgage Assoc. FHLB - Federal Home Loan Bank SWEEP - Stagecoach Treasury Money Market Fund CP- Commercial Paper FFCB - Federal Farm Credit Bank *LAIF rate for June unavailable at time of report MTCN - Medium Term Corporate Note FHLMC - Federal Home Loan Mortgage Corporation COSTA MESA SANITARY DISTRICT CASH BALANCE BY FUND AS OF JUNE 30, 2000 GENERAL FUND 591 $ 3,140,329.92 SEWER CONSTRUCTION FUND 592 177,637.68 FACILITIES REVOLVING FUND 593 1,736,650.54 CMSD SOLID WASTE FUND 594 3,248,199.05 CMSD LIQUID WASTE FUND 595 1,553,909.43 TOTAL $ 9,856,726.62 Ln COSTA MESA SANITARY DISTRICT SUMMARY OF POLICY LIMITATIONS AS OF JUNE 30, 2000 DESCRIPTION U.S. Treasury Bills U.S. Treasury Notes Federal Agency Issues: FICB FFCB FLB FHLB FNMA FHLMC Other * Federal Agencies (LAIF Portfolio) Banker's Acceptances Certificates of Deposit Time Deposits Negotiable Certificates of Deposits Commercial Paper Medium Term Corporate Notes Repurchase Agreements Reverse Repurchase Agreements Pooled Loans LAIF (Local Agency Investment Fund) Current Balance Orange County Treasurer's Pool Money Market Mutual Funds (Sweep Account) Asset - Backed and Mortgage - Backed Securities TOTAL CURRENT 0.00% 10.13% PERCENTAGE 0.00% 0.00% BASED ON MARKET LAIF OVERLAID MAXIMUM VALUE AS OF 06/30/00 PERCENTAGES PERCENTAGE 0.00% 1.91% UNL 0.00% 0.00% UNL 0.00% 0.00% 10.13% 10.15% 0.00% 0.00% 10.12% 10.03% 9.97% 9.95% 10.15% 10.16% 0.00% 0.00% 5.01% 0.00% 0.02% 0.00% 5.09% 0.00% 1.76% 0.00% 0.00% 9.84% 15.90% 28.24% 29.54% 0.00% 0.00% 0.00% -0.31% 0.00% 0.78% 21.55% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 100.00% 100.00% % Rounds 5/4 % of Portfolio Maturing within one year 51.59% % of Portfolio Maturing or Callable within one year 81.83% (1) Current dollar weighted average maturity as of 6/30/00 is 60 days. (2) Also limited to 20% in total. *These securities are not considered for purchases: SBA, GNMA, TVA and SALLIEMAE *LAIF percentages for June unavailable at time of report 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 0.00% 40.00% UNL 30.00% 15% or 30% (1) 30,00% UNL 10% of base $30,000,000.00 $2,123,844.68 35.00% 10% per fund (2) 20.00% no less than 40% COSTA MESA SANITARY DISTRICT OUTSTANDING INVESTMENTS BY INSTRUMENT TYPE AS OF JUNE 30, 2000 *LAIF rate for June unavailable at time of report % Rounds 5/4 V $ 9,855,683.52 9,841,832.99 100.000% TYPE OF PURCHASE MATURITY INTEREST MARKET % OF INSTITUTION INVESTMENT DATE DATE RATE COST VALUE PORTFOLIO SPECIAL CHARACTERISTICS OF INVESTMENTS LAIF* POOL N/A CONTINUOUS 6.190% $ 2,123,844.68 2,123,844.68 21.549% Local Agency Investment Fund - State Treasurer's Pool Bank of New York SWEEP N/A CONTINUOUS 5.280% 0.01 0.01 0.000% Stagecoach Funds Inc. - Treasury Money Market Mutual Fund Bank of America N.A. FFCB 08/02/99 08/02/00 5.450% 998,560.00 998,750.00 10.132% Bullet Union Bank CP (Galaxy Funding) 03/06/00 08/29/00 6.100% 970,177.78 969,188.30 9.844% S & P rated as A -l; Moodys rated as P -1. Salomon Smith Barney FNMA 07/23/99 02/04/02 5.450% 982,890.00 978,770.00 9.973% Callable 08/04/99, continuous call thereafter Salomon Smith Barney FHLMC 05/23/00 05/23/03 7.500% 1,000,000.00 1,000,410.00 10.146% Callable 05/23/01, callable w /10 days notice. Union Bank MTCN (Aetna Services) 05/04/00 08/15/01 6.750% 791,439.17 792,960.00 8.030% Bullet; S & P rated as A; Moodys rated as A3. Bank of America N.A. MTCN (Nationsbank Corp.) 04/18/00 03/15/01 5.750% 991,770.00 990,950.00 10.063% Bullet; S & P rated as A +; Moodys rated as Aa2. Bank of America N.A. MTCN (Daim)er Chrysler) 03/15/00 03/01/02 7.125% 999,580.00 999,460.00 10.142% Bullet; S & P rated as A +; Moodys rated as Al. 2,782,789.17 2,783,370.00 28.235% Bank of America N.A. FHLB 10/15/99 10/04/02 6.505% 997,421.88 987,500.00 10.120% Callable 10/04/00; recurring call every 6 months *LAIF rate for June unavailable at time of report % Rounds 5/4 V $ 9,855,683.52 9,841,832.99 100.000% INSTITUTION Local Agency Investment Fund* Bank of New York Bank of America N.A. Union Bank Bank of America N.A. Union Bank Salomon Smith Barney Bank of America N.A. Bank of America N.A. Salomon Smith Barney COSTA MESA SANITARY DISTRICT OUTSTANDING INVESTMENTS AS OF JUNE 30, 2000 TYPE OF PURCHASE MATURITY/ DAYS TO COUPON INVESTMENT DATE CALL DATE MATURITY RATE 6.287 % Pool 6.691 % 991,770.00 1 6.190 % Sweep 982,890.00 1 5.280 % FFCB 08/02/99 08/02/00 33 5.450 % CP (Galaxy Funding) 03/06/00 08/29/00 60 6.100 % MTCN (Nationsbank Corp.) 04 /18/00 03/15/01 258 5.750 % MTCN (Aetna Services) 05/04/00 08/15/01 411 6.750 % FNMA 07/23/99 02/04/02 584 5.450 % MTCN (Daimler Chrysler) FHLB FHLMC *LAIF rate for June unavailable at time of report WEIGHTED AVERAGE INTEREST RATE OF PORTFOLIO WEIGHTED AVERAGE YIELD TO MATURITY WEIGHTED AVERAGE DAYS TO MATURITY .. Continuous 03/15/00 03/01/02 609 7.125 % 10/15/99 10/04/02 826 6.505 % 10/04/00 05/23/00 05/23/03 1,057 7.500 % 05/23/01 Total outstanding investments 6.29 % 6.58 % 379 DAYS YIELD TO MATURITY COST 6.190 % $ 2,123,844.68 5.280 % 0.01 5.600 % 998,560.00 6.287 % 970,177.78 6.691 % 991,770.00 7.630 % 791,439.17 6.190 % 982,890.00 7.146 % 999,580.00 6.601 % 997,421.88 7.500 % 1,000,000.00 $ 9,855,683.52 COSTA MESA SANITARY DISTRICT SCHEDULE OF INVESTMENTS OUTSTANDING FOR ALL MATURITIES WITH MARKET VALUES AS OF JUNE 30, 2000 PURCHASE DATE MATURITY DATE INSTITUTION TYPE OF INVESTMENT PAR INTEREST RATE COST MARKET VALUE ACCRUED INTEREST NET GAIN /LOSS IF SOLD N/A CONTINUOUS LAIF* POOL $ 2,123,844.68 6.190% 2,123,844.68 2,123,844.68 N/A CONTINUOUS Bank of New York SWEEP 5.280% 0.01 0.01 - 08/02/99 08/02/00 Bank of America N.A. FFCB 1,000,000.00 5.450% 998,560.00 998,750.00 22,556.94 190.00 03/06/00 08/29/00 Union Bank CP (Galaxy Funding) 1,000,000.00 6.100% 970,177.78 969,188.30 19,825.00 (989.48) 04/18/00 03/15/01 Bank of America N.A. MTCN (Nationsbank Corp.) 1,000,000.00 5.750% 991,770.00 990,950.00 16,930.55 (820.00) 05/04/00 08/15/01 Union Bank MTCN (Aetna Services) 800,000.00 6.750% 791,439.17 792,960.00 20,400.00 1,520.83 03/15/00 01/03/02 Bank of America N.A. MTCN (Daimler Chrysler) 1,000,000.00 7.125% 999,580.00 999,460.00 20,979.16 (120.00) 07/23/99 02/04/02 Salomon Smith Barney FNMA 1,000,000.00 5.450% 982,890.00 978,770.00 22,254.16 (4,120.00) 10/15/99 10/04/02 Bank of America N.A. FHLB 1,000,000.00 6.505% 997,421.88 987,500.00 15,720.41 (9,921.88) 05/23/00 05/23/03 Salomon Smith Barney FHLMC 1,000,000.00 7.500% 1,000,000.00 1,000,410.00 7,916.66 410.00 Total investments outstanding $ 9,923,844.68 9,855,683.52 9,841,832.99 146,582.88 (13,850.53) *LAIF rate for June unavailable at time of report r•1 PURCHASE TYPE OF INVESTMENT DATE FNMA 07/23/99 FHLB 10/15/99 FHLMC 05/23/00 0 COSTA MESA SANITARY DISTRICT CALLSCHEDULE AS OF JUNE 30, 2000 MATURITY INTEREST CALL DATE RATE DATE 02/04/02 5.450% Continuous 10/04/02 6.505% 10/04/00 05/23/03 7.500% 05/23/01 COST $ 982, 890.00 997,421.88 1,000,000.00 111 111 11 Illilxlilil 1117 XGUIXlIlI 1 Il COSTA MESA SANITARY DISTRICT DAILY CASH FLOWS AS OF JUNE 30, 2000 12, 000, 000 10, 000, 000 8,000,000 W U 6,000,000 4,000,000 2,000,000 00 Og 00 Oo 00 00 00 Oo Oo Oo 00 Oo 00 Oo Oo 00 00 00 00 00 00 00 00 00 00 00 00 00 00 Oo 00 00 00 00 00 Oo DATE 1 COSTA MESA SANITARY DISTRICT CASH FLOWS AS OF JUNE 30, 2000 1,800,000 1,600,000 000 1,400, 1,200,000 1,000,000 800,000 p�q 600,000 400,000 200,000 rn rn 8 0 0 0 rn rn rn rn 0 0 0 0 0 0 0 D Date N REVENUE EXPENSE 1999 /2000 MARKET RATES AS OF JUNE 30, 2000 7.50 - -T 7.00 6.50 3 -MONTH LIBOR 6 -MONTH LIBOR 13 WEEK T -BILL l x 6.00 W fi 26 WEEK T -BILL 90 DAY T -BILL a 1 YR T -BILL 5.50 2 YR T -BILL OW. 3 YR T -BILL j 5 YR T -BILL 5.00 10 YR T -BILL or 4.50 4.00 Co 5o �°' oo, 0°' oo, �°' �°' �°' 0 p0 po 00 po po a 0 a 0 p0 po po po NCO O N� o� N~ pps , q� pc�j ,� ctij ti N^ 1N cvCO W DATE COSTA MESA SANITARY DISTRICT - ASSET ALLOCATION AS OF JUNE 2000 % Rounded 5/4 In Thousands F] Local Agency Investment Fund $ 2,124 F] Federal Home Loan Mortgage Corp 1,000 ® Federal Home Loan Bank 997 .Federal National Mortgage Assn 983 . Federal Farm Credit Bank 999 Medium Term Corporate Notes 2,783 FICommercial Paper 970 Total $ 9,856 COSTA MESA SANITARY DISTRICT - PORTFOLIO INTEREST RATE INFORMATION AS OF JUNE 30, 2000 6.75 6.50 6.25 6.00 - 5.75 F k1_1 77X 5.50 w U W 5.25 a 5.00 4.75 4.50 4.25 4.00 01 Oq OA 0A OA OA Ob O'b O00 O� 0b Ob gib 4b O� O'b Ob Ob Op cp 00 00 cp cp 00 5J O) O°b 00 0p 00 00 00 00 00 00 DATE LAIF rate and OCIP rate for June unavailable at time of �j F--m—cmSD AVERAGE LAIF T -BILL (1 YEAR) T -NOTE (3 YEAR) OCIP COSTA MESA SANITARY DISTRICT - MATURITIES DISTRIBUTION AS OF JUNE 30, 2000 45% 41. 525% In Thousands 1 - 180 Days $ 4,093 181 - 365 Day 992 1 - 2 Years 2,774 2 - 3 Years 1,997 TOTAL $ 9,856 % Rounded 5/4 d7 - - - - - -- -- - - - - -- - -- 40% 35% 28.145% 30% 25% 20.267% 20% 15% 10.063 % - - - - - - - - 0% - - - - 10% 5% / 1 - 180 Days 181 - 365 Days 1 -2 Years 2 -3 Years �SP$ANIrq�f Goo O v h ° A karq D Gstrict ��CC d es9V � � ` a _..cORPORAT����a Phone (714) 754 -5043 Fax (714) 432 -1436 Mailing Address P O. Boy: 1200 Costa Mesa, CA 92628 -1200 Street Address 77 Fair Drive Costa Mesa, CA 92626 -6520 Board of Directors Art Perry Arlene .Schafer Greg Woodside James Ferrvman Dan Worthington ®� Printed on Recycled Paper REVIEW OF PROPOSED CAPITAL IMPROVEMENT PROJECTS FISCAL YEAR 2000 -2001 oQ\,,OF ESuS/oi/ co Q� 0. 9N C'3 R 20 m EXP,,! X CIV11. OF +CX- Prepared by: Robin B. Hamers Manager /District Engineer June 8, 2000 June 8, 2000 Costa Mesa SanistarN Distvict PROPOSED BUDGET COSTA MESA SANITARY DISTRICT CAPITAL IMPROVEMENT PROGRAM FISCAL YEAR 2000 -2001 PROJECT # 149 SINKING FUND FOR FUTURE SEWER REPLACEMENT $125,000 (CR) PROJECT #164 MISCELLANEOUS SEWER WORK & MANHOLE ADJUSTMENT 50,000 (CR) PROJECT #165 REHABILITATE CANYON PUMPING STATION FORCE MAIN 240,000 (CR) PROJECT #166 MANHOLE & PUMP STATION COATING & MISC. WORK 340,000 (CR) PROJECT # 167 EMERSON STREET SEWER RELOCATION 110,000 (CR) TOTAL $ 865,000 (CR) Denotes Capital Replacement Project (CI) Denotes Capital Improvement Project (D) Denotes Design Phase only at this time (0) Denotes Other cc. Rob Harriers Joan Revak Marc Puckett PROJECT 1112100 -149 SINKING FUND FOR FUTURE SEWER REPLACEMENT This project was initiated in the 1995 -96 fiscal year at which time a $100,000 initial deposit was placed into the fund. Subsequently, in the 1996 -97, 1997 -98 and 1998 -99 fiscal years, additional deposits of $200,000 were placed into the fund. In 1999 -2000, $320,000 was deposited into the fund making the total capital contribution $1,020,000. The project will provide funding for replacement or reconstruction of sewer lines as the system reaches its life expectancy. The Engineer's Report is dated December 1998, and was presented to, and approved by the Board of Directors. The level of funding for the sinking fund is determined on a yearly basis depending on the necessity of other projects. Additional updated reports on the fund will be furnished to the Board at regular intervals. The initial report is also titled Series Report #1 since the field of pipeline rehabilitation is continuously advancing. Sixth deposit into sinking fund - $ 125,000 Sub - Total $ 125,000 Total deposits into fund since inception including this year but excepting accrued interest _ $1,145,000. PROJECT 1112100 -164 MISCELLANEOUS SEWER WORK AND MANHOLE ADJUSTMENT This yearly project covers the costs of purchasing manhole rings and covers and reimbursing the City of Costa Mesa, the City of Newport Beach or County of Orange for adjusting District sewer manholes to grade. The project also covers miscellaneous pumping station or sewer line repairs that need to be handled immediately. An example is during a televising operation or during regular sewer line cleaning a manhole is found to have such a deteriorated bottom that infiltration or exfiltration is occurring. Rather than include the repair with a larger project which may take over six months before the project is designed, bid, awarded, and construction begins, the small repair can be handled immediately under a purchase order. Small repairs such as these are now being completed on a regular basis. By segregating the small repairs into a separate project, a better accounting can be made and future budgets adjusted accordingly. Proposed Appropriation $ 50,000. PROJECT 1112100 -165 REHABILITATE CANYON PUMPING STATION FORCE MAIN In February 2000 the District experienced its second rupture in the Canyon Pumping Station pressurized sewer main (force main) located in Wilson Street between Canyon Drive and National Avenue. The second rupture signals the line is in need of rehabilitation. The original line was installed in 1957 and was replaced with an 8 inch cast iron line in 1975. The first rupture happened in March 1999 and was due to normal pipe vibration occurring over a rock which eventually caused a hole. The second rupture was due to general deterioration of the pipe wall caused by chemical interaction between the soil and outside pipe surface. A section of the failed pipe was inspected and the chemical interaction caused severe thinning and weakness in the pipe. Ductile iron pipe installed today is encased in polyethelyne wrap to prevent chemical reactions. Polyethelyne wrap is a thick, clear, plastic wrap, and the plastic acts as a barrier between the pipe and soil. Since plastic never breaks down, the wrap easily lasts beyond the life expectancy of the pipe. The design phase of the force main rehabilitation will include researching two methods: constructing a new, parallel line, by excavation and trenching methods or using a no-dig rehabilitation method such as installing a liner within the existing pipe line. Therefore, the following budget is proposed for the rehabilitation of the Canyon Pumping Station force main: PROPOSED BUDGET Design $ 13,125 Construction 175,000 Inspection 13,125 Reserve or Contingency 38,750 TOTAL $ 240,000 0 o_ 'II w J Q U COSTA MESA SANITARY DISTRICT CANYON PUMPING STATION FORCE MAIN Po Zo EXIST. W FORCE MAIN - - -- (78/0 CL) ( W -- -w -- w- - -w -o° -w - - -O G G FM n � FM FM G PROJECT 1112100 -166 MANHOLE & PUMP STATION COATING AND MISCELLANEOUS WORK The interior concrete walls of pumping stations and manholes are subject to deterioration because they are continuously exposed to sewer gases. Hydrogen sulfide that forms in sewer lines combines with moist air and forms sulfuric acid which slowly breaks down the concrete. New pumping stations and new manholes exposed to excess gases are constructed with a liner made from a pre -made polyurethane compound that successfully withstands the effects of sewer gases over the years. Existing concrete walls without the pre -made lining are cleaned, water blasted, leveled, and coated with a spray -on polyurethane lining. The lining has a five year warranty and depending on the operating conditions usually lasts about five years. This project includes re- coating the walls of five pumping stations, Elden, Harbor, California, Gisler, and Santa Ana, and applying coating to 15 sewer manholes. Along with the coating it is proposed to perform miscellaneous work including rechanneling manhole bottoms and replacing the manhole steps plus incidental work in the Tustin, Sea Bluff, and Iowa pumping stations. PROPOSED BUDGET Design $ 15,000 Construction 260,000 Inspection 15,000 Reserve or Contingency 50,000 TOTAL $340,000 PROJECT 1112100 -167 EMERSON STREET SEWER RELOCATION As shown on the enclosed map, Emerson Street is a private street bordered by six multi - family properties. Sewer service to the properties does not meet District standards for a variety of reasons. All six properties are serviced by one private 4 inch diameter sewer lateral beginning in Tustin Avenue and traversing the common drive. Four inch is a below standard size for so many residences plus there is no homeowners association (HOA) that can obligate itself to be responsible for maintenance and operation of a private line. Due to the lack of an HOA, and to conform to District policy, the properties should be connected directly to a District main with an eight inch diameter sewer line with manholes at each end and be within an easement dedicated to the District. There currently exists a public utility easement but the existing private sewer line is located outside the easement. Therefore, to bring the existing sewer system up to District standards, it is proposed to construct a new sewer line meeting District standards and reconnect the laterals to this line. Because the new line may be located outside the existing public utility easement, new easements may be required from the property owners. No costs are anticipated for right -of -way acquisition. PROPOSED BUDGET Design $ 9,500 Construction 75,000 Inspection 9,500 Reserve or Contingency 15,000 TOTAL $ 109,000 w F- F- 4d m Of D U V) X W SMH W Zw Q i0' w J LAJ o' W U 00 21ST STREET 18' —s+ —W EXHIBIT "A° 410 EMERSON 2 UNITS 414 EMERSON 4 UNITS EXIST. 2" IGAS LINE EMERSON (PRIVATE STREET) T _ W 4 4 UNITS P.L.(TYP) STREET S S S � EXIST. 4" WATER LINE \—EXIST. 3' GUTTER EXIST. 4" SEWER LINE X w W z J a✓ > w Q Q s z CL cn U D Q ~ Z _ O O O � N D ~ N F- I w E. BAY STREET P.L.(TYP) 411 EMERSON 2 UNITS 30.00' WIDE EASEMENT FOR ROAD AND PUBLIC UTILITY PURPOSES. 415 EMERSON 421 EMERSON 4 UNITS 1 UNIT 0�N B. y�MF� Qr N0. RCE 31720 EXP. 12/31/2000 civr� 0 NOTE: LATERAL LOCATIONS UNKNOWN FOR ALL PROPERTIES ON EMERSON STREET EXCEPT FOR 414 EMERSON. w Q z D o 0 N r- O c� —W EXHIBIT "A° 410 EMERSON 2 UNITS 414 EMERSON 4 UNITS EXIST. 2" IGAS LINE EMERSON (PRIVATE STREET) T _ W 4 4 UNITS P.L.(TYP) STREET S S S � EXIST. 4" WATER LINE \—EXIST. 3' GUTTER EXIST. 4" SEWER LINE X w W z J a✓ > w Q Q s z CL cn U D Q ~ Z _ O O O � N D ~ N F- I w E. BAY STREET P.L.(TYP) 411 EMERSON 2 UNITS 30.00' WIDE EASEMENT FOR ROAD AND PUBLIC UTILITY PURPOSES. 415 EMERSON 421 EMERSON 4 UNITS 1 UNIT 0�N B. y�MF� Qr N0. RCE 31720 EXP. 12/31/2000 civr� 0 NOTE: LATERAL LOCATIONS UNKNOWN FOR ALL PROPERTIES ON EMERSON STREET EXCEPT FOR 414 EMERSON. MP00 -109 Y` COSTA MESA SANITARY DISTRICT DEPARTMENT OF FINANCE _ - - NTEROFFICE MEMORANDUM MARC M R. PI�CKETT DIRECTOR OF FINANCE TO: SANITARY DISTRICT BOARD OF DIRECTORS FROM: MARC R. PUCKETT, DIRECTOR OF FINANCE DATE: MAY 31, 2000 SUBJECT: REVIEW OF 2000 -2001 STATEMENT OF INVESTMENT POLICY FOR BOARD MEETING JUNE 15, 2000 RECOMMENDED ACTION Adopt Resolution approving the Investment Policy for the 2000 -01 fiscal year, and delegating the investment activities to the District Treasurer. BACKGROUND The California Government Code Section 53646 requires the District Treasurer to submit a "Statement of Investment Policy" to the legislative body each fiscal year. Effective January 1, 1996, this Code Section was reinstated and requires annual adoption of the policy statement. This Investment Policy has been designed according to the specific needs of the Costa Mesa Sanitary District and complies with both the California Government Code and the guidelines recommended by the California Municipal Treasurer's Association. The District Treasurer has the responsibility to submit a monthly Treasurer's Report to the Board regarding status of receipts, disbursements, cash balances by fund and investment of cash balances. The Finance Department updates revenue and investment activity on a daily basis. The Treasury Management Division of the Finance Department analyzes the cash requirements of the District each morning. Idle funds are invested daily to effectively maximize the District's investment earnings. The single most important statutory duty of the District Treasurer is set forth in California Government Code Section 41001 which provides that the "District Treasurer shall receive and safely keep all money coming into the Treasury." In light of this responsibility, the California Municipal Treasurer's Association has established the following as a guideline to prudent investment strategy: iJ • Legal Investment Authority: Temporary idle monies are to be invested in accordance with state and local statutes and in compliance with California Government Code Sections 53600 et. seq. • Safety: It is the primary duty and responsibility of the District Treasurer to protect, preserve, and maintain intact cash and investments places in trust with the District Treasurer on behalf of the Costa Mesa Sanitary District. • Liquidity: An adequate percentage of the portfolio should be maintained in liquid short -term securities, which can be converted to cash if necessary to meet disbursement requirements. • Yield: The District Treasurer may obtain the highest possible within the parameters of the District's authorized investments, provided the criteria for safety and liquidity have been met. ANALYSIS The 1999 -2000 Investment Policy adopted on July 12, 1999. has been revised to reflect the following proposed enhancements. These enhancements are a result of legislative change and recommendations of the Investment Oversight Committee and District Treasurer. • Section VII, "Authorized Investments," under the sub - heading, Commercial Paper, was amended to delete the reference to examples of issuers of commercial paper. • Section VII, "Authorized Investments," under the sub - heading, Commercial Paper, was amended to specifically state that the $500,000,000 issuer asset requirement for investments in commercial paper is to be met by the issuer of the investments. • Section VII, "Authorized Investments," under the sub - heading, Local Agency Investment Fund (LAIF), was revised to eliminate the requirement that investments held by LAIF be overlaid upon the District's asset allocation requirements for other investments. • Section IX, "District Constraints," was revised to reduce the minimum amount of investments maturing within one year from 40% to 25 %. • Section XIII, "Reporting," was amended to move language relating to submission of investment policy changes to Section XV, under Policy Review. • Section XIV, "Qualified Dealers," was amended to require each authorized broker /dealer to annually file a signed certification that they have read and understand the District's most recently adopted investment policy. • Miscellaneous other "housekeeping" changes such as "date" changes were made to various sections of the Investment Policy. Proposed revisions to this Investment Policy were reviewed and discussed with the Investment Oversight Committee at their meetings throughout fiscal year 1999 -2000. The Committee supports these proposed modifications. MAR R. PUCKETT Distr ct Treasurer Attachments: (1) Resolution (2) 1999 -2000 Red Lined Statement of Investment Policy (3) 2000 -2001 Statement of Investment Policy (4) Investment Guidelines and Strategy (5) Investment Procedu.s, Internal Controls and Guidelines (6) Cash Controls: Independent Auditor's Procedure (7) Segregation of Treasury Responsibilities (8) Glossary ATTACHMENT 1' RESOLUTION NO. 2000 -636 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE COSTA MESA SANITARY DISTRICT, ADOPTING THE 2000 -01 STATEMENT OF INVESTMENT POLICY, AND AUTHORIZING THE TREASURER TO INVEST AND REINVEST IDLE MONIES OF THE COSTA MESA SANITARY DISTRICT IN ACCORDANCE WITH THE 2000 -01 STATEMENT OF INVESTMENT POLICY, AND AUTHORIZING THE SAID TREASURER TO DELEGATE TO HIS DEPUTY THE CARRYING OUT OF ANY SUCH TASKS. THE BOARD OF DIRECTORS OF THE COSTA MESA SANITARY DISTRICT DOES HEREBY RESOLVE AS FOLLOWS: WHEREAS, Government Code Section 53601 sets forth the investments that the District may lawfully make; and WHEREAS, Government Code Section 53646 sets forth that the District's Treasurer shall annually render to the Board of Directors a Statement of Investment Policy at a public meeting for the Board to consider; and WHEREAS, the Board has reviewed the Statement of Investment Policy; and WHEREAS, Government Code Section 53607 authorizes the Board to delegate the authority to make investments and to sell or exchange securities for a one year period to the Treasurer provided that monthly reports are thereafter made of the status of said transactions; NOW, THEREFORE, the Board of Directors of the Costa Mesa Sanitary District does hereby resolve as follows: 1. That the Statement of Investment Policy is approved. 2. That the Treasurer is authorized to make investments consistent with said Policy and is required to report to the Investment Oversight Committee and Board on a monthly basis on the status of those transactions. The Treasurer is hereby given all of the authority provided by Government Code Section 53607, including the power to invest and reinvest and the power to sell or exchange securities, consistent with the District's Policy. 4 ATTACHMENT 1 3. That the Treasurer may delegate some part of these duties to his deputy provided that the Treasurer remains responsible for such decisions and provides oversight. The Clerk of the District shall certify to the passage and adoption of this resolution, and it shall thereupon be in full force and effect. PASSED AND ADOPTED this 15th day of June 2000. ATTEST: Secretary, Costa Mesa Sanitary District Board of Directors STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss COSTA MESA SANITARY DISTRICT ) President, Costa Mesa Sanitary District Board of Directors I, JOAN REVAK, Clerk of the Costa Mesa Sanitary District, hereby certify that the above and foregoing Resolution No. 2000 -636 was duly and regularly passed and adopted by said Board of Directors at a regular meeting thereof held on the 15th day of June 2000. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the Costa Mesa Sanitary District this 15th day of June 2000. Clerk of the Costa Mesa Sanitary District ATTACHMENT 2 COSTA MESA SANITARY DISTRICT STATEMENT OF INVESTMENT POLICY 2000 -01; ­,,o, I. GENERAL INTRODUCTION Under the laws of the State of California, it is the responsibility of the District Treasurer, at the direction of the Board, to secure and protect the public funds of the District, and to establish proper safeguards, controls, and procedures to maintain these funds in a lawful, rational and auspicious manner. Said maintenance shall include the prudent and secure investment of those funds that are deemed temporarily excess, in a manner anticipated to provide additional benefit to the people of the Costa Mesa Sanitary District. This Statement of Investment Policy will be provided annually for the review of the Oversight Committee and the approval of the Board in an open public meeting. Upon request, it will be provided to securities dealers, banks, and brokers currently approved for conducting investment transactions with the District Treasurer's office in the ongoing effort to manage the excess cash portfolio; to other affected persons or entities; and to any member of the electorate wishing to review this document. The Treasurer reserves the right to provide these documents on a cost basis. II. SCOPE This Statement of Investment Policy pertains to those temporarily surplus funds under the control of the Treasurer, designated for the daily ongoing operations of the District; and concerns the deposit, maintenance, safekeeping, and preservation of all such funds, and the investments made with these funds. This Policy dose not apply to pension moneys, delayed compensation funds, trustee, and certain other non - operating funds. III PIIRPCVCv The purpose of this Statement of Investment Policy is to provide the District, the Investment Oversight Committee, those involved in servicing the investment requirements of the District, and any other interested party, a clear understanding of the regulations and internal guidelines that will be observed in maintaining and investing those pooled funds deemed temporarily excess. This statement is intended to provide guidelines for the prudent investment of the Costa Mesa Sanitary District's (District's) temporary idle cash, and outline the procedures for maximizing the efficiency of the District's cash management system. The ultimate goal is to enhance the economic status of the District while safeguarding its assets. IV. OBJECTIVE The District's cash management system is designed to accurately monitor and forecast revenues and expenditures, thus enabling the District to invest funds to the fullest extent possible. The District attempts to obtain the highest yield possible only after the criteria established for safety and liquidity have been met. G ATTACHMENT 2 The Costa Mesa Sanitary District operates its pooled idle cash investments with judgment and care, under circumstances then prevailing, which persons of prudence, discretion and intelligence exercise in the management of their own affairs, not for speculation, but for investment, considering the probable safeLy of their capital as well as the probable income to be derived. This affords the District a broad spectrum of investment opportunities as long as the investment is deemed prudent and is allowable under current legislation of the State of California Government Code Section 53600 et seq. and the general laws of the Costa Mesa Sanitary District. The Costa Mesa Sanitary District strives to maintain the level of investment of all idle funds as near 100% as possible, through daily and projected cash flow determinations. Idle cash management and investment transactions are the responsibility of the Treasurer. Criteria for selecting investments and the order of priority are: 1. Safety: The safety and risk associated with an investment refers to the potential loss of principal. interest, or a combination of these amounts. The District only operates in those investments that are considered very safe. 2. Liquidity: This refers to the ability to "cash in" at any moment in time with a minimal chance of losing some portion of principal or interest. 3. Yield: Yield is the potential dollar earnings an investment can provide, and sometimes is referred to as the rate of return. 4. Safekeeping: Securities purchased shall be held in third party safekeeping in the Trust Department of a financial institution, in the District's name and control. The account established shall be protected from seizure by creditors should the financial institution holding the District's securities file for bankruptcy protection. The basic premise underlying the District's investment philosophy is and continues to be. to insure that surplus fiends are always safe and available when needed. V. DELEGATION OF INVESTMENT AUTHORITY Authority to manage the Costa Mesa Sanitary District's investment program is derived from Costa Mesa Sanitary District Board Resolution No. -- -?000 -636. Management responsibility for the investment program is hereby delegated for fiscal year ?000 -01 to the Treasurer who shall establish written procedures for the operation of the investment program consistent with this Investment Policy. Procedures should include references to: safekeeping, repurchase agreements, wire transfer agreements, banking service contracts, and collateral /depository agreements. Such procedures shall include explicit delegation of authority to persons responsible for investment transactions. No person may engage in an investment transaction except as provided under the terms of this policy and the procedures established by the Treasurer. The Treasurer shall be responsible for all transactions undertaken and shall establish a system of controls to regulate the activities of subordinate officials. ri ATTACHMENT 2 VI. STANDARD OF PRUDENCE The Treasurer shall perform the investment function in conjunction with the "Prudent Man Rule'. This rule states, in principle that whenever investing property for the benefit of others, a trustee shall exercise the judgment and care, under circumstances then prevailing that persons of prudence, discretion, and intelligence, would exercise in the management of their own affairs not in regards to speculation, but in regard to the permanent disposition of their funds, considering the probability of safety of, as well as the probable income from their capital. The Treasurer and his designees are considered to have a fiduciary, trustee, relationship with the public for the public funds and all investment decisions will be made in a manner sustaining this responsibility." VII. AUTHORIZED INVESTMENTS The California Government Code allows the District to invest in the following media: • Securities of the U.S. Government, or its agencies • Small Business Administration loans • Certificates of deposit, placed with commercial banks and savings and loan companies • Negotiable certificates of deposit • Bankers acceptances • Commercial paper • Corporate notes and bonds, including medium term notes • Local Agency Investment Fund • Repurchase agreements • Reverse repurchase agreements • Passbook savings account demand deposits • County Treasurer demand deposits • Asset - backed and mortgage- backed securities • Money market mutual funds As a matter of practice, however, the District generally limits its investments to the following vehicles: U.S. Treasury Bills - Issued weekly with maturity dates up to one year. They are issued and traded on a discount basis with interest figured on a 360 -day basis, actual number of days. They are issued in amounts of $10,000 and up, in multiples of $5,000. They are a highly liquid security. U.S. Treasury Notes - Initially issued with two- to ten -year maturities. They are actively traded in a large secondary market and are very liquid. The Treasury may issue Note issues with a minimum of $1,000, however, the average minimum is $5,000. Federal Agency Issues - Guaranteed directly or indirectly by the United States Government. All agency obligations qualify as legal investments and are acceptable as security for public deposits. They usually provide higher yields than regular Treasury issues with all of the same advantages. Examples include: n ATTACHMENT') • FICBs (Federal Intermediate Credit Bank Debentures) - Loans to lending institutions used to finance the short -term and intermediate needs of farmers, such as seasonal production. They are usually issued monthly in minimum denominations of $3,000 with a nine -month maturity. Interest is payable at maturity and is calculated on a 360 -day, 30 -day month basis. • FFCBs (Federal Farm Credit Bank) - Debt instruments used to finance the short and intermediate term needs of farmers and the national agricultural industry. They are issued monthly with three - and six -month maturities. The FFCB issues larger issues (one to ten year) on a periodic basis. These issues are highly liquid. • FLBs (Federal Land Bank Bonds) - Long -term mortgage credit provided to farmers by Federal Land Banks. These bonds are issued at irregular times for various maturities ranging from a few months to ten years. The minimum denomination is $1,000. They carry semi - annual coupons. Interest is calculated on a 360 -day, 30 -day month basis. • FHLBs (Federal Home Loan Bank Notes and Bonds) - Issued by the Federal Home Loan Bank System to help finance the housing industry. The notes and bonds provide liquidity and home mortgage credit to savings and loan associations, mutual savings banks, cooperative banks. insurance companies, and mortgage - lending institutions. They are issued irregularly for various maturities. The minimum denomination is $5.000. The notes are issued with r. iturities of less than one year and interest is paid at maturity. The bonds are issued with various maturities and carry semi - annual coupons. Interest is calculated on a 360 -day, 30 -day month basis. • FNMAs (Federal National Mortgage Association) - Used to assist the home mortgage market by purchasing mortgages insured by the Federal Housing Administration and the Farmers Home Administration, as well as those guaranteed by the Veterans Administration. They are issued about four times a year for maturities ranging from a few months to eight years. They are issued in minimum denominations of $10,000. They carry semi - annual coupons. Interest is computed on a 360 -day, 30 -day month basis. • FHLMCs (Federal Home Loan Mortgage Corporation) - A goveriunent- sponsored corporation established to develop the secondary market for conventional home mortgages. Mortgages are purchased solely from the Federal Home Loan Bank System member lending institutions whose deposits are insured by agencies of the United States Govermnent. They are issued for various maturities and in minimum denominations of $10,000. Interest is paid semi - annually and is calculated on a 360 -day, 30 -day month basis. • Other federal agency issues are Small Business Administration notes (SBAs), Government National Mortgage Association notes (GNMAs), Tennessee Valley Authority notes (TVAs), and Student Loan Marketing Association notes (SALLIE- MAEs). As a matter of practice, the District does not invest in these issues as they do not suit our purposes as well as other investment opportunities available. I ATTACHMENT 2 Bankers Acceptances - Short-term credit arrangements to enable` businesses to obtain funds to finance commercial transactions. They are time drafts drawn on a bank by an exporter or importer to obtain funds to pay for specific merchandise. By its acceptance, the bank becomes primarily liable for the payment of the draft at its maturity. An acceptance is a high -grade negotiable instrument. Acceptances are purchased in various denominations for 30, 60, or 90 days, but no longer than 270 days. The interest is calculated on a 360 -day discount basis similar to Treasury Bills. Local agencies may not invest more than 40% of their surplus money in bankers acceptances. Certificates of Deposit - Time deposits of a bank or savings and loan. They are purchased in various denominations with maturities ranging from 30 to 360 days. The interest is calculated on a 360 -day, actual -day month basis and is payable monthly. Negotiable Certificates of Deposit - Unsecured obligations of the financial institution, bank or savings and loan, bought at par value with the promise to pay face value plus accrued interest at maturity. They are high -grade negotiable instruments, paying a higher interest rate than regular certificates of deposit. The primary market issuance is in multiples of $1,000,000, the secondary market usually trades in denominations of $500,000, although smaller lots are occasionally available. As a matter of practice, only the ten largest U.S. banks where there is a secondary market established for continued liquidity are considered for investment. The District's total investment in negotiable certificates of deposit may not exceed 30% of surplus funds. Commercial Paper - Short-term unsecured promissory notes issued by a corporation to raise working capital. These negotiable instruments are purchased at a discount to par value or at par value with interest bearing. — - - - -- - - - -- -- . ---- - - - - -- -- Local agencies are permitted by State law to invest in commercial paper of "prime" quality of the highest ranking or of the highest letter and numerical rating as provided by Moody's Investor's Service, Inc., and/or Standard and Poor's Corporation. Eligible paper is further limited to issu1111-1 corporations that are organized and operating, within the United States and having total assets in excess of hve hundred million dollars ($500.000.000) and having an "A­ or hiuller rating for the issuers debt other than commercial paper. Purchases of eligible commercial paper may not exceed 180 days maturity nor exceed represent more than 10% of the outstanding paper of an issuing corporation. Purchases of commercial paper may not exceed 15 percent of the portfolio. An additional 15 %, for a total of 30 percent of the portfolio, may be invested only if the dollar - weighted average of the entire investment in commercial paper does not exceed 31 days. "Dollar- weighted average maturity" is defined as the sum of the amount of each outstanding commercial paper investment multiplied by the number of days to maturity, divided by the total amount of outstanding commercial paper. Medium Term Corporate Notes - Unsecured promissory notes issued by a corporation organized and operating in the United States. These are negotiable instruments and are traded in the secondary market. Medium term corporate notes can be defined as extended maturity commercial paper. Local agencies are restricted by the Government Code to investments in corporations rated in the top three note catecyories by Moody's Investors Service. Inc., and/or Standard and Poor's Corporation. For medium - term notes, eligible purchases consist of instruments that have a rating of "A" or better by both Moody's Investors Service. Inc., and Standard and Poor's Corporation. If the security's credit rating falls below "A" 10 ATTACHMENT? by one of these agencies, then awareness is heightened and the security monitored closely to determine if credit risk has been significantly increased. If a security falls below "A" by both rating agencies, then the Treasurer will evaluate the need to sell the security prior to maturity. Further restrictions are a maximum term of five years to maturity and total investments in medium term corporate notes may not exceed 30% of the local agency's surplus funds. Repurchase Agreements - A repurchase agreement is a short-term investment transaction. Banks buy temporarily idle funds from a customer by selling U.S. Government or other securities with a contractual agreement to repurchase the same securities on a future date. Repurchase agreements are typically for one to ten days in maturity. The customer receives interest from the bank. The interest rate reflects both the prevailing demand for Federal funds and the maturity of the repurchase agreement. Some banks will execute repurchase agreements for a minimum of $100,000 to $500,000, but most banks have a minimum of $1,000,000. The term of a repurchase agreement may not exceed one year. The market value of securities that underlay a repurchase agreement shall be valued at 102 percent or greater of the funds borrowed against those securities and the value shall be adjusted no less than quarterly. Repurchase Agreements can only be executed with financial institutions or broker /dealers that have signed a Master Repurchase Agreement with the District. Reverse Repurchase Agreements - A reverse repurchase agreement is the opposite of a repurchase agreement. The District loans a security to a bank in exchange for cash. The District agrees to pay off the loan with interest on a future date. As this type of investment actually involves a loan arrangement, the District may not invest more than 10% of its surplus funds in reverse repurchase agreements, and must always match its maturities to the reinvestment. Reverse repurchase agreements may be utilized only when either of the following conditions are met: The security was owned or specifically committed to purchase, by the local agency, prior to December 31, 1994, and was sold using a reverse repurchase agreement on December 31, 1994. 2. The security: a) to be sold has been owned and fully paid for— a minimum of 30 days prior to sale; and b) -- total of all reverse repurchase agreements owned does not exceed 10 percent of the base value of the portfolio; and c) agreement does not exceed a term of 92 days, unless the agreement includes a written codicil guaranteeing a minimum earning or spread for the entire period between the sale of a security using a reverse repurchase agreement and the final maturity date of the same security. LAIF (Local Agency Investment Fund) - A special fund in the State Treasury which local agencies may use to deposit funds for investment. There is no minimum investment period and the minimum transaction is $5,000, in multiples of $1,000 above that, with a maximum balance of $30,000,000 for any agency. The District is restricted to a maximum of fifteen transactions per month. It offers high liquidity because deposits can be converted to cash in 24 hours and no interest is lost. All interest is distributed to those agencies participating on a proportionate share basis determined by the amounts deposited and the length of time they are deposited. Interest is paid quarterly. The State retains an amount for reasonable costs of making the investments, not to exceed one - quarter of one percent of the earnings. California Government Code §16429.3 states, in part: 11 ATTACHMENT 2 "money placed with the State Treasurer for deposit in the Local Agency Investment Fund by cities, counties, or special districts shall not be subject to impoundment or seizure by any state official or state agency." Orange County Treasurer's Pool - A special fund in the County Treasury which local agencies may use to deposit funds for investment. The District may not invest more than 35% of its surplus money with the Orange County Treasurer's Pool. However, any investment held by the Orange County Treasurer's Pool will be apportioned and overlaid with the District's portfolio to determine compliance with other self - imposed restrictions as specified in this Investment Policy. The County Treasurer charges 12.5 basis points (.125 %) to all pool participants for its direct costs. Direct Costs include proper staffing, bank and custodial fees, software maintenance fees, and other indirect costs relating to the investment. Investment earnings are distributed to the pool participants on a monthly basis, net of the above charges. The earnings are credited to the participants accounts on either the last day of each month or the first day of the subsequent month. Money Market Mutual Funds - Shares of beneficial interest issued by diversified management companies. To be eligible for investment, shares must: 1. attain the highest rating provided by Moody's Investors Service, Inc., which is currently "Aaa," and/or Standard and Poor's Corporation, which is currently "AAA;" and 2. the investment adviser managing the shares must be registered with the Securities and Exchange Commission with not less than five year's experience investing in instruments authorized under California Government Code §53601 subdivisions (a) to (m) inclusive, and with assets under management in excess of five hundred million dollars ($500,000,000); and 3. the purchase price of shares shall not include any commission that these companies may charge; and 4. investment in shares shall not exceed 20 percent of surplus funds. However, no more than 10 percent of the District's surplus funds may be invested in shares of beneficial interest of any one mutual fund. Furthermore, any investment in a money market mutual fund must comply with other self - imposed restrictions as specified in this Investment Policy. Asset - Backed and Mortgage- Backed Security - Bonds backed by payments from receivables /mortgages having a maximum of five years maturity. These securities must have an "AA" or better rating by Moody's Investors Service, Inc., and/or Standard and Poor's Corporation. No more than 20% of the District's surplus money may be invested in these securities. VIII. INVESTMENT OF BOND PROCEEDS When investing proceeds from the issuance of bonds, the Costa Mesa Sanitary District will follow this Investment Policy when determining allowable investments. Should the trust agreement of a particular bond issue be more restrictive than the District's policy on permitted investments, then the trust agreement will take precedence. 12 ATTACHMENT? IX. DISTRICT CONSTRAINTS The Treasurer will evaluate local banks and savings institutions and may invest idle cash funds with such institutions when the criteria for prudent investment previously stated are met. The District operates its investment pool according to State and self - imposed constraints. It does not buy stocks; it does not speculate; it does not deal in futures or options. Any investment extending beyond a five -year period requires prior District Board approval. Additionally, a minimum of 25 —% of the outstanding investments must mature within a one -year time period. X. SAFEKEEPING AND COLLATERAL IZATION All security transactions, including collateral for repurchase agreements, entered into by the District shall be conducted on a delivery - versus - payment (DVP) basis. Securities will be held by a third party custodian designated by the Treasurer. Collateralization will be required on two types of investments: certificates of deposit and repurchase (and reverse repurchase) agreements. In order to anticipate market changes and provide a level of security for all funds, a minimum collateralization level is required. Surplus funds must be Deposited in State or national banks, State or Federal savings associations. or State or Federal credit unions within the State of California. The deposits cannot exceed the amount of the bank's or savings and loan's paid -up capital and surplus. The bank or savings and loan must secure public funds deposits with eligible securities having a market value of 110% of the total amount of the deposits. State law also allows as an eligible security, first trust deeds having a value of 150% of the total amount of the deposits. A third class of collateral is 105% in the form of a letter of credit drawn on the Federal Home Loan Bank. The Treasurer may waive security for that portion of a deposit which is insured pursuant to Federal law. Currently, the first $100.000 of a deposit is federally insured. Deposits in excess of $100,000 are collateralized as previously indicated. XI. DERIVATIVE INVESTMENTS A derivative is a generic term often used to categorize a wide variety of financial instruments whose value "depends on" or is "derived from" the value of an underlying asset, reference rate, or index. Investments in derivative instruments are limited to debt securities that have periodic increases, or step -up interest rate adjustments that provide upward mobility in yield return. Investments in debt securities which contain a callable feature are also allowable, but must comply with other restrictions as specified in this Investment Policy. Investments in derivative instruments known as "inverse floaters," "dual index," or "stepped inverse" securities that produce higher than market yields at purchase date (when interest rates are low), but have the possibility of producing low or no coupon rates as market interest rates rise through the life of the instrument are not allowable. Furthermore, investments in range notes or interest -only strips that are 13 ATTACHMENT 2 derived from a pool of mortgages are not allowable. However, debt securities that have a floor or a built - in feature that prevents the instrument from potentially returning no yield are allowable. XII. POLICY COMPLIANCE REGULATION Should the portfolio, for any reason, fall out of compliance with this Investment Policy, immediate liquidation of securities in order to bring the portfolio back into compliance is not required. However. the Treasurer must take action to bring the portfolio into compliance within 12 months from the date the portfolio was determined to be in non - compliance with the provisions of this Investment Policy. Additionally, adequate disclosure as to all instances of noncompliance, and the efforts undertaken to bring the portfolio into compliance, must be made on the monthly Treasurer's Report. XIII. REPORTING Under provisions of Section 53646 of the California Government Code, the Treasurer shall render a quarterly investment report to the District Board and Manager of the District within 30 days following the end of the quarter covered by the report. However, as a matter of practice a monthly report shall be submitted listing the type of investments, institution, date of maturity, amount of deposit, rate of interest, current market value for all securities, and such other data as may be required by the District Board on a monthly basis. Furthermore, an Investment Oversight Committee comprised of the following individuals will meet quarterly to review the District's portfolio and investment strategy. • Director of Finance /District Treasurer • Assistant Director of Finance • Revenue Supervisor • District Manager • Assistant Manager • Two Board Members Additionally, an annual audit of the District's investment portfolio will be conducted by an independent Certified Public Accounting firm and a report of the results will be made available. XIV. QUALIFIED DEALERS The Costa Mesa Sanitary District shall transact business only with banks, savings and loans, and registered investment securities dealers. The District will utilize broker /dealers authorized to do business with the City of Costa Mesa. Each authorized broker /dealer shall be required to annually file a shuned certification with the District Treasurer certifying that the\, have read and understand the District's most recently adopted investment policy. The Treasurer will maintain a list of financial institutions authorized to provide investment services. In addition. a list will also be maintained of approved broker /dealers who are authorized to provide investment services in the State of California. These may include "primary" and "regional" broker /dealers with offices located in the State of California. All financial institutions and broker /dealers who desire to 14 ATTACHMENT 2 become qualified bidders for investment transactions must be approved by and supply the Treasurer with a completed broker /dealer questionnaire. XV. POLICY REVIEW This Statement of Investment Policy shall be reviewed at least annually to ensure its consistency with the overall objectives of preservation of principal, liquidity and return, and its relevance to current lave, financial and economic trends. Should conditions change or leuislation become effective that behooves subsequent changes or a liberalization ofterms within the policy durinu the next fiscal vear_ the revised policy will be submitted to both the Investment OversWht Committee and Board for adoption of the recommended action. 15 ATTACHMENT 3 COSTA MESA SANITARY DISTRICT STATEMENT OF INVESTMENT POLICY 2000 -01 I. GENERAL INTRODUCTION Under the laws of the State of California, it is the responsibility of the District Treasurer, at the direction of the Board, to secure and protect the public funds of the- District, and to establish proper safeguards, controls, and procedures to maintain these funds in a lawful, rational and auspicious manner. Said maintenance shall include the prudent and secure investment of those funds that are deemed temporarily excess, in a manner anticipated to provide additional benefit to the people of the Costa Mesa Sanitary District. This Statement of Investment Policy will be provided annually for the review of the Oversight Committee and the approval of the Board in an open public meeting. Upon request, it will be provided to securities dealers, banks, and brokers currently approved for conducting investment transactions with the District Treasurer's office in the ongoing effort to manage the excess cash portfolio; to other affected persons or entities; and to any member of the electorate wishing to review this document. The Treasurer reserves the right to provide these documents on a cost basis. Ii gCYIPF This Statement of Investment Policy pertains to those temporarily surplus funds under the control of the Treasurer, designated for the daily ongoing operations of the District; and concerns the deposit, maintenance, safekeeping, and preservation of all such funds, and the investments made with these funds. This Policy dose not apply to pension moneys, delayed compensation funds, trustee, and certain other non - operating funds. III PIIRKAF. The purpose of this Statement of Investment Policy is to provide the District, the Investment Oversight Committee, those involved in servicing the investment requirements of the District, and any other interested party, a clear understanding of the regulations and internal guidelines that will be observed in maintaining and investing those pooled hinds deemed temporarily excess. This statement is intended to provide guidelines for the prudent investment of the Costa Mesa Sanitary District's (District's) temporary idle cash, and outline the procedures for maximizing the efficiency of the District's cash management system. The ultimate goal is to enhance the economic status of the District while safeguarding its assets. IV. OBJECTIVE The District's cash management system is designed to accurately monitor and forecast revenues and expenditures, thus enabling the District to invest funds to the fullest extent possible. The District attempts to obtain the highest yield possible only after the criteria established for safety and liquidity have been met. 16 ATTACHMENT') The Costa Mesa Sanitary District operates its pooled idle cash investments with judgment and care, under circumstances then prevailing, which persons of prudence, discretion and intelligence exercise in the management of their own affairs, not for speculation. but for investment, considering the probable safety of their capital as well as the probable income to be derived. This affords the District a broad spectrum of investment opportunities as long as the investment is deemed prudent and is allowable under current legislation of the State of California Government Code Section 53600 et seq. and the general laws of the Costa Mesa Sanitary District. The Costa Mesa Sanitary District strives to maintain the level of investment of all idle funds as near 100% as possible, through daily and projected cash flow determinations. Idle cash management and investment transactions are the responsibility of the Treasurer. Criteria for selecting investments and the order of priority are: Safety: The safety and risk associated with an investment refers to the potential loss of principal, interest, or a combination of these amounts. The District only operates in those investments that are considered very safe. 2. Liquidity: This refers to the ability to "cash in" at any moment in time with a minimal chance of losing some portion of principal or interest. 3. Yield: Yield is the potential dollar earnings an investment can provide, and sometimes is referred to as the rate of return. 4. Safekeeping: Securities purchased shall be held in third party safekeeping in the Trust Department of a financial institution, in the District's name and control. The account established shall be protected from seizure by creditors should the financial institution holding the District's securities file for bankruptcy protection. The basic premise underlying the District's investment philosophy is and continues to be, to insure that surplus funds are always safe and available when needed. V. DELEGATION OF INVESTMENT AUTHORITY Authority to manage the Costa Mesa Sanitary District's investment program is derived from Costa Mesa Sanitary District Board Resolution No.2000 -636. Management responsibility for the investment program is hereby delegated for fiscal year 2000 -01 to the Treasurer who shall establish written procedures for the operation of the investment program consistent with this Investment Policy. Procedures should include references to: safekeeping, repurchase agreements, wire transfer agreements, banking service contracts. and collateral /depository agreements. Such procedures shall include explicit delegation of authority to persons responsible for investment transactions. No person may engage in an investment transaction except as provided under the terms of this policy and the procedures established by the Treasurer. The Treasurer shall be responsible for all transactions undertaken and shall establish a system of controls to regulate the activities of subordinate officials. 17 ATTACHMENT 3 V1. STANDARD OF PRUDENCE The Treasurer shall perform the investment function in conjunction with the "Prudent Man Rule ". This rule states, in principle that whenever investing property for the benefit of others, a trustee shall exercise the judgment and care, under circumstances then prevailing that persons of prudence, discretion, and intelligence, would exercise in the management of their own affairs not in regards to speculation, but in regard to the permanent disposition of their funds, considering the probability of safety of, as well as the probable income from their capital. The Treasurer and his designees are considered to have a fiduciary, trustee, relationship with the public for the public funds and all investment decisions will be made in a manner sustaining this responsibility." V11. AUTHORIZED INVESTMENTS The California Government Code allows the District to invest in the following media: • Securities of the U.S. Government, or its agencies • Small Business Administration loans • Certificates of deposit, placed with commercial banks and savings and loan companies • Negotiable certificates of deposit • Bankers acceptances • Commercial paper • Corporate notes and bonds, including medium term notes • Local Agency Investment Fund • Repurchase agreements • Reverse repurchase agreements • Passbook savings account demand deposits • County Treasurer demand deposits • Asset - backed and mortgage- backed securities • Money market mutual funds As a matter of practice, however, the District generally limits its investments to the following vehicles: U.S. Treasury Bills - Issued weekly with maturity dates up to one year. They are issued and traded on a discount basis with interest figured on a 360 -day basis, actual number of days. They are issued in amounts of $10,000 and up, in multiples of $5,000. They are a highly liquid security. U.S. Treasury Notes - Initially issued with two- to ten -year maturities. They are actively traded in a large secondary market and are very liquid. The Treasury may issue Note issues with a minimum of $1,000, however, the average minimum is $5,000. Federal Agency Issues - Guaranteed directly or indirectly by the United States Government. All agency obligations qualify as legal investments and are acceptable as security for public deposits. They usually provide higher yields than regular Treasury issues with all of the same advantages. Examples include: I_ ATTACHMENT') • FICBs (Federal Intermediate Credit Bank Debentures) - Loans to lending institutions used to finance the short -term and intermediate needs of farmers, such as seasonal production. They are usually issued monthly in minimum denominations of $3,000 with a nine -month maturity. Interest is payable at maturity and is calculated on a 360 -day, 30 -day month basis. • FFCBs (Federal Farm Credit Bank) - Debt instruments used to finance the short and intermediate term needs of farmers and the national agricultural industry. They are issued monthly with three - and six -month maturities. The FFCB issues larger issues (one to ten year) on a periodic basis. These issues are highly liquid. • FLBs (Federal Land Bank Bonds) - Long -term mortgage credit provided to farmers by Federal Land Banks. These bonds are issued at irregular times for various maturities ranging from a few months to ten years. The minimum denomination is $1,000. They carry semi - annual coupons. Interest is calculated on a 360 -day, 30 -day month basis. • FHLBs (Federal Home Loan Bank Notes and Bonds) - Issued by the Federal Home Loan Bank System to help finance the housing industry. The notes and bonds provide liquidity and home mortgage credit to savings and loan associations, mutual savings banks, cooperative banks, insurance companies, and mortgage - lending institutions. They are issued irregularly for various maturities. The minimum denomination is $5,000. The notes are issued with maturities of less than one year and interest is paid at maturity. The bonds are issued with various maturities and carry semi - annual coupons. Interest is calculated on a 360 -day, 30 -day month basis. • FNMAs (Federal National Mortgage Association) - Used to assist the home mortgage market by purchasing mortgages insured by the Federal Housing Administration and the Farmers Home Administration, as well as those guaranteed by the Veterans Administration. They are issued about four times a year for maturities ranging from a few months to eight years. They are issued in minimum denominations of $10,000. They carry semi - annual coupons. Interest is computed on a 360 -day, 30 -day month basis. • FHLMCs (Federal Home Loan Mortgage Corporation) - A government- sponsored corporation established to develop the secondary market for conventional home mortgages. Mortgages are purchased solely from the Federal Home Loan Bank System member lending institutions whose deposits are insured by agencies of the United States Government. They are issued for various maturities and in minimum denominations of $10,000. Interest is paid semi - annually and is calculated on a 360 -day, 30 -day month basis. • Other federal agency issues are Small Business Administration notes (SBAs), Government National Mortgage Association notes (GNMAs), Tennessee Valley Authority notes (TVAs), and Student Loan Marketing Association notes (SALLIE- MAEs). As a matter of practice, the District does not invest in these issues as they do not suit our purposes as well as other investment opportunities available. 1L•] ATTACHMENT 31 Bankers Acceptances - Short-term credit arrangements to enable businesses to obtain funds to finance commercial transactions. They are time drafts drawn on a bank by an exporter or importer to obtain funds to pay for specific merchandise. By its acceptance, the bank becomes primarily liable for the payment of the draft at its maturity. An acceptance is a high -grade negotiable instrument. Acceptances are purchased in various denominations for 30, 60, or 90 days, but no longer than 270 days. The interest is calculated on a 360 -day discount basis similar to Treasury Bills. Local agencies may not invest more than 40% of their surplus money in bankers acceptances. Certificates of Deposit - Time deposits of a bank or savings and loan. They are purchased in various denominations with maturities ranging from 30 to 360 days. The interest is calculated on a 360 -day. actual -day month basis and is payable monthly. Negotiable Certificates of Deposit - Unsecured obligations of the financial institution, bank or savings and loan, bought at par value with the promise to pay face value plus accrued interest at maturity. They are high -grade negotiable instruments, paying a higher interest rate than regular certificates of deposit. The primary market issuance is in multiples of $1,000,000, the secondary market usually trades in denominations of $500,000, although smaller lots are occasionally available. As a matter of practice, only the ten largest U.S. banks where there is a secondary market established for continued liquidity are considered for investment. The District's total investment in negotiable certific..ies of deposit may not exceed 30% of surplus funds. Commercial Paper - Short -term unsecured promissory notes issued by a corporation to raise working capital. These negotiable instruments are purchased at a discount to par value or at par value with interest bearing. Local agencies are permitted by State law to invest in commercial paper of "prime" quality of the highest ranking or of the highest letter and numerical rating as provided by Moody's Investor's Service, Inc., and/or Standard and Poor's Corporation. Eligible paper is further limited to issuing corporations that are organized and operating within the United States and having total assets in excess of five hundred million dollars ($500,000,000) and having an "A" or higher rating for the issuer's debt other than commercial paper. Purchases of eligible commercial paper may not exceed 180 days maturity nor exceed represent more than 10% of the outstanding paper of an issuing corporation. Purchases of commercial paper may not exceed 15 percent of the portfolio. An additional 15 %, for a total of 30 percent of the portfolio, may be invested only if the dollar - weighted average of the entire investment in commercial paper does not exceed 31 days. "Dollar- weighted average maturity" is defined as the sum of the amount of each outstanding commercial paper investment multiplied by the number of days to maturity, divided by the total amount of outstanding commercial paper. Medium Term Corporate Notes - Unsecured promissory notes issued , by a corporation organized and operating in the United States. These are negotiable instruments and are traded in the secondary market. Medium term corporate notes can be defined as extended maturity commercial paper. Local agencies are restricted by the Government Code to investments in corporations rated in the top three note categories by Moody's Investors Service, Inc., and/or Standard and Poor's Corporation. For medium - term notes, eligible purchases consist of instruments that have a rating of "A" or better by both Moody's Investors Service, Inc., and Standard and Poor's Corporation. If the security's credit rating falls below "A" by one of these agencies, then awareness is heightened and the security monitored closely to determine if credit risk has been significantly increased. If a security falls below "A" by both rating agencies, then the 20 ATTACHMENT 31 Treasurer will evaluate the need to sell the security prior to maturity. Further restrictions are a maximurn term of five years to maturity and total investments in medium term corporate notes may not exceed 30% of the local agency's surplus funds. Repurchase Agreements - A repurchase agreement is a short-term investment transaction. Banks buy temporarily idle funds from a customer by selling U.S. Government or other securities with a contractual agreement to repurchase the same securities on a future date. Repurchase agreements are typically for one to ten days in maturity. The customer receives interest from the bank. The interest rate reflects both the prevailing demand for Federal funds and the maturity of the repurchase agreement. Some banks will execute repurchase agreements for a minimum of $100,000 to $500.000, but most banks have a minimum of $1,000,000. The term of a repurchase agreement may not exceed one year. The market value of securities that underlay a repurchase agreement shall be valued at 102 percent or greater of the funds borrowed against those securities and the value shall be adjusted no less than quarterly. Repurchase Agreements can only be executed with financial institutions or broker /dealers that have signed a Master Repurchase Agreement with the District. Reverse Repurchase Agreements - A reverse repurchase agreement is the opposite of a repurchase agreement. The District loans a security to a bank in exchange for cash. The District agrees to pa_v off the loan with interest on a future date. As this type of investment actually involves a loan arrangement, the District may not invest more than 10% of its surplus funds in reverse repurchase agreements, and must always match its maturities to the reinvestment. Reverse repurchase agreements may be utilized only when either of the following conditions are met: 1. The security was owned or specifically committed to purchase, by the local agency, prior to December 31, 1994, and was sold using a reverse repurchase agreement on December 31, 1994. 2. The security: a) to be sold has been owned and fully paid for a minimum of 30 days prior to sale; and b) total of all reverse repurchase agreements owned does not exceed 10 percent of the base value of the portfolio; and C) agreement does not exceed a term of 92 days, unless the agreement includes a written codicil guaranteeing a minimum earning or spread for the entire period between the sale of a security using a reverse repurchase agreement and the final maturity date of the same security. LAIF (Local Agency Investment Fund) - A special fund in the State Treasury which local agencies may use to deposit funds for investment. There is no minimum investment period and the minimum transaction is $5,000, in multiples of $1,000 above that, with a maximum balance of $30,000,000 for any agency. The District is restricted to a maximum of fifteen transactions per month. It offers high liquidity because deposits can be converted to cash in 24 hours and no interest is lost. All interest is distributed to those agencies participating on a proportionate share basis determined by the amounts deposited and the length of time they are deposited. Interest is paid quarterly. The State retains an amount for reasonable costs of making the investments, not to exceed one - quarter of one percent of the earnings. California Government Code 5 16429.3 states, in part: "money placed with the State Treasurer for deposit in the Local Agency Investment Fund by cities, counties, or special districts shall not be subject to impoundment or seizure by any state official or state agency." 21 ATTACHMENT 3 Orange County Treasurer's Pool - A special fund in the County Treasury which local agencies may use to deposit funds for investment. The District may not invest more than 35% of its surplus money with the Orange County Treasurer's Pool. However, any investment held by the Orange County Treasurer's Pool will be apportioned and overlaid with the District's portfolio to determine compliance with other self - imposed restrictions as specified in this Investment Policy. The County Treasurer charges 12.5 basis points (.125 %) to all pool participants for its direct costs. Direct Costs include proper staffing, bank and custodial fees, software maintenance fees, and other indirect costs relating to the investment. Investment earnings are distributed to the pool participants on a monthly basis, net of the above charges. The earnings are credited to the participants accounts on either the last day of each month or the first day of the subsequent month. Money Market Mutual Funds - Shares of beneficial interest issued by diversified management companies. To be eligible for investment, shares must: attain the highest rating provided by Moody's Investors Service, Inc., which is currently "Aaa," and/or Standard and Poor's Corporation, which is currently "AAA;" and 2. the investment adviser managing the shares must be registered with the Securities and Exchange Commission with not less than five year's experience investing in instruments authorized under California Government Code §53601 subdivisions (a) to (m) inclusive, and with assets under management in excess of five hundred million dollars ($500,000,000); and 3. the purchase price of shares shall not include any commission that these companies may charge; . and 4. investment in shares shall not exceed 20 percent of surplus funds. However, no more than 10 percent of the District's surplus funds may be invested in shares of beneficial interest of any one mutual fund. Furthermore, any investment in a money market mutual fund must comply with other self - imposed restrictions as specified in this Investment Policy. Asset - Backed and Mortgage- Backed Security -Bonds backed by payments from receivables /mortgages having a maximum of five years maturity. These securities must have an "AA" or better rating by Moody's Investors Service, Inc., and/or Standard and Poor's Corporation. No more than 20% of the District's surplus money may be invested in these securities. VIII. INVESTMENT OF BOND PROCEEDS When investing proceeds from the issuance of bonds, the Costa Mesa Sanitary District will follow this Investment Policy when determining allowable investments. Should the trust agreement of a particular bond issue be more restrictive than the District's policy on permitted investments, then the trust agreement will take precedence. 22 ATTACHMENT') IX. DISTRICT CONSTRAINTS The Treasurer will evaluate local banks and savings institutions and may invest idle cash funds with such institutions when the criteria for prudent investment previously stated are met. The District operates its investment pool according to State and self - imposed constraints. It does not buy stocks; it does not speculate; it does not deal in futures or options. Any investment extending beyond a five -year period requires prior District Board approval. Additionally, a minimum of 25% of the outstanding investments must mature within a one -year time period. X. SAFEKEEPING AND COLLATERALIZATION All security transactions, including collateral for repurchase agreements, entered into by the District shall be conducted on a delivery- versus - payment (DVP) basis. Securities will be held by a third party custodian designated by the Treasurer. Collateral ization will be required on two types of investments: certificates of deposit and repurchase (and reverse repurchase) agreements. In order to anticipate market changes and provide a level of security for all funds, a minimum co I lateral ization level is required. Surplus funds must be deposited in State or national banks, State or Federal savings associations, or State or Federal credit unions within the State of California. The deposits cannot exceed the amount of the bank's or savings and loan's paid -up capital and surplus. The bank or savings and loan must secure public funds deposits with eligible securities having a market value of 110% of the total amount of the deposits. State law also allows as an eligible security, first trust deeds having a value of 150% of the total amount of the deposits. A third class of collateral is 105% in the form of a letter of credit drawn on the Federal Home Loan Bank. The Treasurer may waive security for that portion of a deposit which is insured pursuant to Federal law. Currently, the first $100,000 of a deposit is federally insured. Deposits in excess of $100,000 are collateralized as previously indicated. XI. DERIVATIVE INVESTMEN A derivative is a generic term often used to categorize a wide variety of financial instruments whose value "depends on" or is "derived from" the value of an underlying asset, reference rate, or index. Investments in derivative instruments are limited to debt securities that have periodic increases, or step -up interest rate adjustments that provide upward mobility in yield return. Investments in debt securities which contain a callable feature are also allowable, but must comply with other restrictions as specified in this Investment Policy. Investments in derivative instruments known as "inverse floaters," "dual index," or "stepped inverse" securities that produce higher than market vields at purchase date (when interest rates are low), but have the possibility of producing low or no coupon rates as market interest rates rise through the life of the instrument are not allowable. Furthermore, investments in range notes or interest -only strips that are 23 ATTACHMENT _3 from a pool of mortgages are not allowable. However, debt securities that have a floor or a built - in feature that prevents the instrument from potentially returning no yield are allowable. X11. POLICY COMPLIANCE REGULATIONS Should the portfolio, for any reason, fall out of compliance with this Investment Policy, immediate liquidation of securities in order to bring the portfolio back into compliance is not required. However, the Treasurer must take action to bring the portfolio into compliance within 12 months from the date the portfolio was determined to be in non - compliance with the provisions of this Investment Policy. Additionally, adequate disclosure as to all instances of noncompliance, and the efforts undertaken to bring the portfolio into compliance, must be made on the monthly Treasurer's Report. XIII. REPORTING Under provisions of Section 53646 of the California Government Code, the Treasurer shall render a quarterly investment report to the District Board and Manager of the District within 30 days fog' owing the end of the quarter covered by the report. However, as a matter of practice a monthly report shall be submitted listing the type of investments, institution, date of maturity, amount of deposit, rate of interest, current market value for all securities, and such other data as may be required by the District Board on a monthly basis. Furthermore, an Investment Oversight Committee comprised of the following individuals will meet quarterly to review the District's portfolio and investment strategy. • Director of Finance /District Treasurer • Assistant Director of Finance • Revenue Supervisor • District Manager • Assistant Manager • Two Board Members Additionally, an annual audit of the District's investment portfolio will be conducted by an independent Certified Public Accounting firm and a report of the results will be made available. XIV. QUALIFIED DEALERS The Costa Mesa Sanitary District shall transact business only with banks, savings and loans, and registered investment securities dealers. The District will utilize broker /dealers authorized to do business with the City of Costa Mesa. Each authorized broker /dealer shall be required to annually file a signed certification with the District Treasurer certifying that they have read and understand the District's most recently adopted investment policy. The Treasurer will maintain a list of financial institutions authorized to provide investment services. In addition, a list will also be maintained of approved broker /dealers who are authorized to provide investment services in the State of California. These may include "primary" and "regional" broker /dealers with offices located in the State of California. All financial institutions and broker /dealers who desire to become qualified bidders for investment transactions must be approved by and supply the Treasurer with a completed broker /dealer questionnaire. 24 ATTACHMENT') XV. POLICY REVIEW This Statement of Investment Policy shall be reviewed at least annually to ensure its consistency with the overall objectives of preservation of principal, liquidity and return, and its relevance to current law, financial and economic trends. Should conditions change or legislation become effective that behooves subsequent changes or a liberalization of terms within the policy during the next fiscal year, the revised policy will be submitted to both the Investment Oversight Committee and Board for adoption of the recommended action. 25 ATTACHMENT 4 COSTA MESA SANITARY DISTRICT INVESTMENT GUIDELINES AND STRATEGY GUIDELINES - Guidelines are established to direct and control activities in such a manner that previously established goals are achieved. 1. Investment Transaction. Every investment transaction must be authorized and reviewed by the Treasurer. 2. Pooled Cash. Whenever practical, local agency cash is consolidated into one bank account and invested on a pooled concept basis. Interest earnings are allocated quarterly according to month -end cash and investment balances for each fund. 3. Competitive Bids. Purchase and sales of securities are made on the basis of competitive offers and bids when practical. 4. Cash Forecast. The cash flow for the District is analyzed with the receipt of revenues and maturity of investments scheduled so that adequate cash will be available to meet disbursement requirements. 5. Investment Limitations. Security purchases and holdings are maintained within statutory limits imposed by the California Government Code. Current limits are: Bankers Acceptances Commercial Paper Negotiable Certificates of Deposit Reverse Repurchase Agreements Medium Term Notes Money Market Mutual Funds Asset- Backed/Mortgage- Backed Securities Local Agency Investment Fund Orange County Treasurer's Pool 40% Section 53601(f) 30% Section 53601(g) 30% Section 53601(h) 20% Section 53601(i) 30% Section 536010) 15% Section 53601(k) 20% Section 53601(n) $30,000,000 Section VI of Policy 35% Section VI of Policy 6. Liquidity. The marketability of a security is considered at the time of purchase, as the security may have to be sold at a later date to meet unanticipated cash demands. 7. Diversification. The portfolio should consist of a mix of various types of securities, issuers, and maturities. 8. Evaluate Certificates of Deposit (a) Certificates of Deposit shall be evaluated in terms of FDIC coverage. For deposits in excess of the insured maximum of $100,000, approved collateral at full market value shall be required. (California Government Code Section 53652 and/or 53651(m) and 53651.2(a)(1). 26 ATTACHMENT 4 (b) Negotiable Certificates of Deposit shall be evaluated in terms of the credit worthiness of the issuer, as these deposits are uninsured and uncollateralized promissory notes. II. STRATEGY - Strategy refers to the ability to manage financial resources in the most advantageous manner. Economic Forecasts. Economic Forecasts are obtained periodically from economists and financial experts through bankers and brokers to assist the Treasurer with the formulation of an investment strategy for the local agency. 2. Implementing Investment Strategy. Investment transactions are executed which conform with anticipated interest rate trends and the current investment strategy plan. 3. Rapport. A close working relationship is maintained with large vendors of the District. The objective is to pinpoint when large disbursements will clear the District's bank account. It is essential for good cash control that such large expenditures be anticipated, estimated as to dollar amount, and communicated to the Treasurer for liquidity planning purposes. 4. Preserve Portfolio Value. Field standards are developed in order to maintain earnings near the market and to preserve the value of the portfolio. III. AUDIT - At least annually, the District's external auditors will analyze the District's portfolio and report to the Board regarding the legal, credit, and market risks associated with each investment. Additionally, the auditors will review the District's investment policy and make recommendations for modifications, if appropriate. 27 ATTACHMENT 5 COSTA MESA SANITARY DISTRICT INVESTMENT PROCEDURES INTERNAL CONTROL - GUIDELINES ECTIVES OF INTERNAL CONTROL Internal control is the plan of organization and all the related systems established by management's objective of ensuring, as far as practicable: • The orderly and efficient conduct of its business, including adherence to management policies. • The safeguarding of assets. • The prevention or detection of errors and fraud. • The accuracy and completeness of the accounting records. • The timely preparation of reliable financial information. LIMITATIONS OF INTERNAL CONTROL No internal control system, however elaborate, can by itself guarantee the achievement of management's objectives. Internal control can provide only reasonable assurance that the objectives are met, because of its inherent limitations, including: • Management's usual requirement that a control be cost - effective. • The direction of most controls at recurring, rather than unusual, types of transactions. • Human error due to misunderstanding, carelessness, fatigue, or distraction. • Potential for collusion that circumvents controls dependent on the segregation of functions. • Potential for a person responsible for exercising control abusing that responsibility; a responsible staff member could be in a position to override controls which management has set up. IE-11 ATTACHMENT COSTA MESA SANITARY DISTRICT INTERNAL CONTROL - GUIDELINES ELEMENTS OF INTERNAL CONTROL Elements of a system of internal control are the means by which an organization can satisfy the objectives of internal control. These elements are: 1. ORGANIZATION Specific responsibility for the performance of duties should be assigned and lines of authority and reporting clearly identified and understood. 2. PERSONNEL Personnel should have capabilities commensurate with their responsibilities. Personnel selection and training policies together with the quality and quantity of supervision are thus important. 3. SEGREGATION OF FUNCTIONS Segregation of hicompatible functions reduces the risk that a person is in a position both to perpetrate and conceal errors or fraud in the normal course of duty. If two parts of a transaction are handled by different people, collusion is necessary to conceal errors or fraud. In particular. the functions that should be considered when evaluating segregation of functions are authorization, execution, recording, custody of assets, and performing reconciliations. 4. AUTHORIZATION All transactions should be authorized by an appropriate responsible individual. The responsibilities and limits of authorization should be clearly delineated. The individual or group authorizing a specific transaction or granting general authority for transactions should be in a position commensurate with the nature and significance of the transactions. Delegation of authority to authorize transactions should be handled very carefully. 5. CONTROLS OVER AN ACCOUNTING SYSTEM Controls over an accounting system include the procedures, both manual and computerized. carried out independently to ascertain that transactions are complete, valid, authorized. and properly recorded. 29 ATTACHMENT 6 COSTA MESA SANITARY DISTRICT CASH CONTROLS PROCEDURES PERFORMED BY EXTERNAL AUDITORS WITH RESPECT TO CASH RECEIPTS A. District procedures and controls are reviewed. Some of the system strengths are: 1. Receipts are controlled upon receipt by proper registration devices. 2. Receipts are reconciled on a daily basis. 3. Amounts are deposited intact. 4. All bank accounts are authorized by the District Board. 5. Cash counts are done by two or more individuals. 6. Bank reconciliations are reviewed. 7. Prompt posting of cash receipt entries in books. 8. Receipt forms are prenumbered, accounted for, and physically secured. 9. Proper approval required for write -offs of customer accounts. 10. Checks are restrictively endorsed upon receipt. 11. Adequate physical security over cash. 12. Individuals that handle cash do not post to customer account records or process billing statements. 13. Adequate supervision of Finance Department operations. B. Significant revenues are confirmed directly with payor and compared with District books to make sure amounts are recorded properly. C. Cash balances are substantiated by confirming all account balances recorded in books. Bank reconciliations are reviewed for propriety and recalculated by the auditor. All significant reconciling items on bank reconciliations are verified as valid reconciling items by proving to subsequent bank statements. 30 2 9 4 ATTACHMENT 7 COSTA MESA SANITARY DISTRICT SEGREGATION OF RESPONSIBILITIES OF THE TREASURY FUNCTIONS Function Responsibili Authorization of Investment Transactions: Formal Investment Policy should be: Prepared By: Treasurer Submitted To: District Board Investment Transactions Treasurer should be approved by Execution of investment Assistant Director of Finance transactions Timely recording of investment transactions: Recording of investment Revenue Supervisor transactions in the Treasurer's records Recording of investment Accountant transactions in the accounting records Verification of investment, Assistant Director of Finance i.e., match broker confirma- tion to Treasurer's records Safeguarding of Assets and Records: Reconciliation of Treasurer's . Revenue Supervisor records to the accounting records Reconciliation of Treasurer's Accountant records to bank statements and safekeeping records 31 ATTACHMENT 7 COSTA MESA SANITARY DISTRICT SEGREGATION OF RESPONSIBILITIES OF THE TREASURY FUNCTIONS (Continued) Function Responsibility 5. Safeguarding of Assets and Records (continued): Annual review of (a) financial Assistant Director of Finance with institution's financial condition, Treasurer's approval (b) safety, liquidity, and potential yields of investment instruments. 6. Periodic review of investment Independent Auditors portfolio as prepared by Treasurer including: • Investment types • Purchase Price • Market values • Maturity dates • .Par values • Investment yields • Conformance to stated investment policy • Safekeeping reports 7. Periodic review of investment Investment Oversight Committee portfolio and strategies. 32 GLOSSARY (Note: Entities are encouraged to include a glossary as part of the investment policy. All words of a technical nature should be included. Following is an example of common treasury terminology.) AGENCIES: Federal agency securities and /or Government - sponsored enterprises. ASKED: The price at which securities are offered. BANKERS' ACCEPTANCE (BA): a draft or bill or exchange accepted by a bank or trust company. BID: The price offered by a buyer of securities. (When you are selling securities, you ask for a bid.) See Offer. BROKER: A broker brings buyers and sellers together for a commission.. CERTIFICATE OF DEPOSIT (CD): A time deposit with a specific maturity evidenced by a certificate. Large - denomination CD. s are typically negotiable. COLLATERAL: Securities, evidence of deposit or other property which a borrower pledges to secure repayment of a loan. Also refers to securities pledged by a bank to secured deposits of public monies. COMPREHENSIVE ANNUAL FINANCIAL REPORT (CAFR): The official annual report for the Costa Mesa Sanitary District. It includes five combined statements for each individual fund and group prepared in conformity with GAAP. It also includes supporting schedules necessary to demonstrate compliance with finance- related legal and contractual provisions, extensive introductory material, and a detailed Statistical Section. COUPON: (a) The annual rate of interest that a bond's issuer promises to pay the bondholder on the bond's face value. A certificate attached to a bond evidencing interest due on a payment date. DEALER: A dealer, as opposed to a broker, acts as a principal in all transactions, buying and selling DEBENTURE: A bond secured only by the general credit of the issuer. DELIVERY VERSUS PAYMENT: There are two methods of delivery of securities: delivery versus payment and delivery versus receipt. Delivery versus payment is delivery of securities with an exchange of money for the securities. Delivery versus receipt is delivery of securities with an exchange of a signed receipt for the securities. ATTACHMENT 8 DERIVATIVES: (1) Financial instrument whose return profs' is linked to, or derived from, the movement of one or me underlying index or security, and may include a leveraging factor, or (2) financial contracts based upon notional amounts whose value is derived from an underlying index or security (interest rates, foreign exchanges, equities or commodities). DISCOUNT: The difference between the cost price of a security and its maturity when quoted at lower than face value. A security selling below original offering price shortly after sale also is considered to be at a discount. DISCOUNT SECURITIES: Non - interest bearing money market instruments that are issued a discount and redeemed at maturity for full face value, e.g., U.S. Treasury Bills. DIVERSIFICATION: Dividing investment funds among a variety of securities offering independent returns. FEDERAL CREDIT AGENCIES: Agencies of the Federal government set up to supply credit to various classes of institutions and individuals, e.g., S &L's, small business firms, students, farmers, farm cooperative-, and exporters. FEDERAL DEPOSIT INSURANCE CORPORATION (FIDC): A federal agency that insures bank deposits, currer" up to S 100,000 per deposit. FEDERAL FUNDS RATE: The rate of interest at which Fed funds are traded. This rate is currently pegged by the Federal Reserve through open- market operations. FEDERAL HOME LOAN BANKS (FHLB): Government sponsored wholesale banks (currently 12 regional banks) which lend funds and provide correspondent banking services to member commercial banks, thrift institutions, credit unions and insurance companies. The mission of the FHLBs is to liquefy the housing related assets of its members who must purchase stock in their district Bank. FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA): FNMA, like GNMA was chartered under the Federal National Mortgage Association Act in 1938. FNMA is a federal corporation working under the auspices of the Department of Housing and Urban Development (HUD). It is the largest single provider of residential mortgage funds in the United States. Fannie Mae, as the corporation is called, is q private stockholder -owned corporation. The corporation's purchases include a variety of adjustable mortgages and second loans, in addition to fixed -rate mortgages. FNMA's securities are also highly liquid and are widely accepted. FNMA assumes guarantees that all security holders will receive timely pay,. t of principal and interest. . FEDERAL OPEN MARKET COMMITTEE (FOMC): Consists of seven members of the Federal Reserve Board and five of the twelve Federal Reserve Bank Presidents. The resident of the New York Federal Reserve Bank is a permanent :tuber, while the other Presidents serve on a rotating basis. The Committee periodically meets to set Federal Reserve guidelines regarding purchases and sales of Government Securities in the open market as a means of influencing the volume of bank credit and money. FEDERAL RESERVE SYSTEM: The central bank of the United States created by Congress and consisting of a seven member Board of Governors in Washington, D.C., 12 regional banks and about 5,700 commercial banks that are members of the system. GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (GNMA or Ginnie Mae): Securities influencing the volume of bank credit guaranteed by GNMA and issued by mortgage bankers, commercial banks, savings and loan associations, and other institutions. Security holder is protected by full faith and credit of the U.S. Government. Ginnie Mae securities are backed by the FHA, VA or FmHA mortgages. The term "pass- throughs" is often used to describe Ginnie Maes. LIQUIDITY: A liquid asset is one that --an be converted easily and rapidly into cash without a substantial loss of value. In the -oney market, a security is said to be liquid if the spread tween bid and asked prices is narrow and reasonable size can be done at those quotes. LOCAL GOVERNMENT INVESTMENT POOL (LGIP): The aggregate of all funds from political subdivisions that are placed in the custody of the State Treasurer for investment and reinvestment. MARKET VALUE: The price at which a security is trading and could presumably be purchased or sold. MASTER REPURCHASE AGREEMENT: A written contract covering all future transactions between the parties to repurchase — reverse repurchase agreements that established each party's rights in the transactions. A master agreement will often specify, among other things, the right of the buyer - lender to liquidate the underlying securities in the event of default by the Seiler- borrower. MATURITY: The date upon which the principal or stated value of an investment becomes due and payable. MONEY MARKET: The market in which short-tern debt instruments (bills, commercial paper, bankers' acceptances. etc.) .e issued and traded. ATTACHMENT 8 OFFER: The price asked by a seller of securities. (When you are buying securities, you ask for an offer.) See Asked and Bid. OPEN MARKET OPERATIONS: Purchases and sales of government and certain other securities in the open market by the New York Federal Reserve Bank as directed by the FOMC in order to influence the volume of money and credit in the economy. Purchases inject reserves into the bank system and stimulate growth of money and credit; sales have the opposite effect. Open market operations are the Federal Reserve's most important and most flexible monetary policy tool. PORTFOLIO: Collection of securities held by an investor. PRIMARY DEALER: A group of government securities dealers who submit daily reports of market activity and positions and monthly financial statements to the Federal Reserve Bank of New York and are subject to its informal oversight. Primary dealers include Securities and Exchange Commission (SEC) - registered securities broker- dealers, banks, and a few unregulated firms. PRUDENT PERSON RULE: An investment standard. In some states the law requires that a fiduciary, such as a trustee, may invest money only in a list of securities selected by the custody state — the so- called legal list. In other states the trustee may invest in a security if it is one which would be bought by a prudent person of discretion and intelligence who is seeking a reasonable income and preservation of capital. QUALIFIED PUBLIC DEPOSITORIES: A financial institution which does not claim exemption from the payment of any sales or compensating use or ad valorem taxes under the laws of this state, which has segregated for the benefit of the commission eligible collateral having a value of not less than its maximum liability and which has been approved by the Public Deposit Protection Commission to hold public deposits. RATE OF RETURN: The yield obtainable on a security based on its purchase price or its current market price. This may be the amortized yield to maturity on a bond the current income return. REPURCHASE AGREEMENT (RP OR REPO): A holder of securities sells these securities to an investor with an agreement to repurchase them at a fixed price on a fixed date. The security "buyer" in effect lends the "seller" money for the period of agreement, and the terms of the agreement are structured to compensate him for this. Dealers use RP extensively to finance their positions. Exception:_ When the Fed is said to be doing RP, it is lending money, that is, increasing bank reserves. SAFEKEEPING: A service to customers rendered by banks for a fee whereby securities and valuables of all types and descriptions are held in the bank's vaults for protection. 34 SECONDARY MARKET: A market made for the purchase and sale of outstanding issues following the initial distribution. SECURITIES & EXCHANGE COMMISSION: Agency created by Congress to protect investors in securities transactions by administering securities legislation. SEC RULE 15C3 -1: See Uniform Net Capital Rule. STRUCTURED NOTES: Notes issued by Government Sponsored Enterprises (FHLB, FNMA, SLMA, etc.) and Corporations which have imbedded options (e.g., call features, step -up coupons, floating rate coupons, derivative -based returns) into their debt structure. Their market performance is impacted by the fluctuation of interest rates, the volatility of the imbedded options and shifts in the shape of the yield curve. TREASURY BILLS: A non - interest bearing discount security issued by the U.S. Treasury to finance the national debt. Most bills are issued to mature in three months, six months, or one year. TREASURY BONDS: Long -term coupon - bearing U.S Treasury securities issued as direct obligations of the U.S Government and having initial maturities of more than 10 years. TREASURY NOTES: Medium -term coupon - bearing U.S. Treasury securities issued as direct obligations of the U.S. Government and having initial maturities from two to 10 years. UNIFORM NET CAPITAL RULE: Securities and Exchange Commission requirement that member firms as well as nonmember broker- dealers in securities maintain a maximum ratio of indebtedness to liquid capital of 15 to l; also called net capital rule and net capital ratio. Indebtedness covers all money owed to a firm, including margin loans and commitments to purchase securities, one reason new public issues are spread among members of underwriting syndicates. Liquid capital includes cash and assets easily converted into cash. YIELD: The rate of annual income return on an investment, expressed as a percentage. (a) INCOME YIELD is obtained by dividing the current dollar income by the current market price for the security. (b) NET YIELD or YIELD TO MATURITY is the current income yield minus any premium above par or plus any discount from par in purchase price, with the adjustment spread over the period from the date of purchase to the date of maturity of the bond. ATTACHMENT 8 �5 VOICE , . „ n MANHOLE ADJUSTING INC. P.O. BOX 250 Number: 222 J u l� z 9 MONTEREY PARK, CA 91754 �y GENERAL ENGINEERING LIC, 398443 Date: 06/1312000 "!1 "'c- ,I "K-y?y 7w TEL. (323) 725 -1387 FAX: (323) 725 -7620 t COSTA MESA SANITARY DISTRICT PO BOX 1200 COSTA MESA, CA 92628 -1200 COSTA MESA/PRINCIFTON DR. P.O. #19600 SEE REVERSE SIDE FOR INSTRUCTIONS & CONDITIONS FOAM NO. MA-0001 tlZW) TOTAL. P.01