HomeMy WebLinkAboutMinutes 1970-08-11DISTRIdT NO.2
MINUTES OF THE SPECIAL ?~.ETING
August 11,1970
108)44 Ellis Avenue
Fountain Valley,California
A special meeting of the Board of Directors of County
Sanitation District No.2 was held at the above hour and date.
The Chairman called the meeting to order at 5:30 p.m.The
roll was called and the Secretary reported a quorum present.
Edward Just (Chairman),
Robert Root,Robert A.
Clark,Norman E.Culver,
Robert Finnell,Wade Herrin,
Hè.~.R.Sims,Don E.Smith,
Henry Wedaa,Donald Winn
and Alton E.Allen
(
DIRECTORS ABSENT:
OTHERS PRESENT:
Jack Dutton
Fred A.Harper,General
Manager,Paul G.Brown,
Assistant General Manager,
William Clarke,Don Martinson,
H.Harvey Hunt,Gail B.Lynch,
and J.Wayne Sylvester,Secretary
Approval of 1970-71
Fiscal Year Budget
DIRECTORS PRESENT:
Report of the Director The Director of Finance
of Finance re:Budgets reviewed in detail the proposed
and Financing Requirements budget for the 1970-71 fiscal
year.He summarized the
five-year requirements for financing facilities recommended
in the reports prepared by the Districtts consulting
engineers.He also discussed the funding alternatives~
-available to the District for meeting the fiscal
requirements based on projections contained in the
budget material.
__________________—
Following a lengthy discussion
__________________
concerning the District?s
budget and long range financing
requirement;during which the Directors considered the
following three alternatives for the 1970-71 fiscal year:
no tax rate increase;a two-cent increase;and a three-
cent increase,it was.moved,seconded and carried -
by roll call vote:-
That the District’s 197Q—71 fiscal year budgets maintaining
the current tax rate as much as possible,be and they are
hereby approved and adopted in the following-total
amounts:
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8/11/70
DISTRICT NO.2
Operating Fund Budget $1,2)40,836
1958 Bond,Interest &Sinking
Fund Budget 1,037.450
Accumulated Capital
-Outlay Fund Budget 10,383,887
Sub-Total $12,662,173
DISTRICT NO.2 &2A
1951 Bond,Interest &Sinking $i18,688
Fund Budget
Total Miount of Said 1970-71
Budget $12,870,861
FURTKER MOVED:That said budgets are hereby received
and ordered filed;and,
That the Chairman of the Board of Directors is hereby
authorized and directed to sign said budgets.
Adjournment Moved,seconded and duly
carried:
That this special meeting of the ]3oard of Directors
of County Sanitation District No.2 be adjourned.
The Chairman declared the meeting so adjourned at
6:35 p.m.,August 11,1970.
Chairman,Board of Directors
County Sanitation District No.2
ATTEST:
Secretary,Board of Directors
County Sanitation District No.2
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