|Organization||Town of Champion|
|Date and Time||Monday, April 10 2017 at 4:30 PM|
|Place||Town of Pamelia Municipal Building Board Room 25895 NYS Rte 11 Watertown NY|
|Contact||Chris Vargulick Town Clerk Phone (315) 493-3240 Fax(315) 493-2900|
TO: NYS ROUTE 3 CORRIDOR SEWER BOARD
FROM: Christina Vargulick, Secretary
DATE: April 11, 2017
RE: Minutes of April 10, 2017 meeting
Present: S. Allen, F. Dishaw, T. Stewart and R. Taylor
Others: K. Dimmick, P. Pastella, N. Toutant and C. Vargulick
Absent: G. Eddy, B. Ferguson and L. Carpenter
The NYS Route 3 Corridor Sewer/Development Board met in regular session on Monday, April 10, 2017 at the T/Pamelia Municipal Building. S. Allen called the meeting to order at 4:30pm.
The Board reviewed the minutes for February 13, 2017. Motion by F. Dishaw, seconded by R. Taylor to approve the minutes as presented. Ayes-4, Nays-0. Motion carried.
P. Pastella reviewed the period summary for February, 2017. The sewer flow was 7.1 MG. Fifty percent (50%) of the total budgeted revenues were received. Expenses year-to-date were eighteen percent (18%) of the total budgeted. Net cash of $516,293.90 remained at the end of the period. The reserve account had a balance of $130,366.13.
P. Pastella reviewed the period summary for March, 2017. The sewer flow was 7.3 MG. Fifty four percent (54%) of the total budgeted revenues were received. Expenses year-to-date were twenty one percent (21%) of the total budgeted. Net cash of $371,771.67 remained at the end of the period. The reserve account had a balance of $130,399.77.
P. Pastella inquired if the Board wished to roll over the certificate of deposit for the reserve funds. She advised the Board that no reserve funds are projected to be needed for capital plans. Motion by S. Allen, seconded by T. Stewart to roll over reserve funds in the amount of $130,421.53 in a certificate of deposit for a term of one (1) year. Ayes-4, Nays-0. Motion carried.
Motion by F. Dishaw, seconded by T. Stewart to adjourn. Ayes-4, Nays-0. Motion carried. The meeting adjourned at 4:45PM.
The next scheduled meeting of the NYS Route 3 Sewer/Development Board will be held on Monday, June 12, 2017 at 4:30pm at the V/Black River Municipal Building.
Christina Vargulick, Secretary
NYS Route 3 Sewer Board of Commissioners