BWD Financial Committee

Wednesday - January 27: The Finance Committee of the Buckeye Water District met Wednesday at the Water Treatment Plant. Present at the meeting was Board President Mike Ryan, Committee Member Bob Wines, District Manager Al DeAngelis and Fiscal Officer Sara Crouch. The meeting was mainly in preparation of the regular month meeting of the Board of Trustees.

The first item on the agenda was a proposed resolution changing some wording in the Rules & Regulations to include Automatic Clearing House (ACH) charges and other minor wording changes. The ACH charges will be the same as those applied to check payments. ACH payments are set up by Water District customers to have their bills automatically deducted from their bank accounts. It will be recommended the full Board accept the wording changes to include ACH payments and the other minor changes. When approved the District will soon begin to make the ACH payment option available to its customers.

It was decided to further review a $23,316 invoice from Arcadis Engineering for extended contract work done by Cattrell Co. on the Water Treatment Plant.

Financial Reports for December 2009 were reviewed and the Committee will recommend they be approved by the Board. Time consuming year end reports are being worked on at this time. Some budget adjustments will be recommended to reflect the recent settlement of the Susany law suit and a few minor construction items.

Fiscal Officer Crouch reported that December's Accounts Receivables were down with increased no pays. Paid overtime was up in December due several water line breaks and the Salineville project. Water Treatment Plant Cost Analysis will be held off until Salineville is on-line and consolidated.

Among the various reports submitted it is shown that over 58% of Water District income is from customer's only using the minimum 2,000 gallons per month or less. In December Wellsville customers used 6,117,000 gallons of water.

Discussion was held on rounding out the funding for the Hibbetts Mill project with a representative from the Rural Community Assistance Program. That project is the water main replacement from Hibbetts Mill into Wellsville. It was reported that an Environmental Study will be required and later on a similar study will be required for the anticipated Frederick Heights area expansion.

The regular monthly meeting of the Board will be held Thursday, January 28.

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