BWD Board of Trustee Finance Committee

Monday - March 15: The BWD Board's Finance Committee met Monday morning at the District's Administration Office on Clark. Present at the meeting was Fiscal Officer Sara Crouch, Committee Member Bob Wines, Board of Trustees President Mike Ryan and District Manager Al DeAngelis.

For the month of February 2010, the Village of Wellsville used 6,177,000 gallons of water. The Water Treatment Plant pumped a total of 25.5 million gallons for the month. Crouch advised that water usage is "way down" year to date. It cost $1.89 per 1,000 gallons to treat water last month.

The Enterprise Fund is at $440,000 which is the minimum before the district's depository charges a service fee. Fiscal Officer Crouch asked that the Board approve a $300,000 transfer by the end of March, from the CD account, to avoid any penalties and fees. Currently there is $2.8 million in CDARS.

Balance on hand to pay bills is $93,035. There is $824,459 reserved in the "set asides". All in all, at first glance, it appears the Water District is flush in cash until you look at the other side of the ledger. Currently the District is carrying around $22 million in total debt. The new Raw Water Pump Station, the Water Treatment Plant and all that goes with the entirely new system are probably two of the biggest items being paid for. The District pays around $1.7 million a year in loan payments. With costs rising, water usage down about 20% and those loan payments the profit & loss is down for the year.

Employee Health Insurance is still being looked at. Bids from insurers are still coming in but it was noted that staying as part of the County's coverage is going to be the best deal. For 2010 health insurance for 16 employees is costing $17,342.

Overtime for February was up to 145 hours. Repairing water line breaks accounted for 34 hours of that. Just about half of the total hours was for Salineville.

Although not part of the meeting it was mentioned that the Hibbetts Mill Mobile Pump Station is in the process of being moved to West Point to boost water pressure in the northern part of the district. Phase B of the Salineville project was finally getting started today. It had been held up with weather conditions and ODOT's restrictions. Educated guesses are that Phase B will be completed in 60 to 80 days.

The regular monthly meeting of the BWD Board of Trustees is scheduled for this Thursday, March 18 at 9 A.M. at Village Hall.

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