FINANCE COMMITTEE MEETING
Ukiah
Minutes Approved
A. CALL
TO ORDER
The
meeting was called to order at
B.
Committee
Members Present: Committee Chair
Simonson, Director Kelley and Director LaVallee
Committee
Members Absent: none
Also
present: Executive Director Mitch Stogner, Legal Counsel Christopher Neary, and
Recording Secretary Heather Newell
C. AGENDA
APPROVAL
Agenda stood
as presented
D. MATTERS
FROM COMMITTEE MEMBERS
No matters
E. PUBLIC
COMMENTS
No public comment
F. CONDUCT
OF BUSINESS
1.
Review and Possible Action - Preliminary Draft Budget
for Fiscal Year 2006-2007
The Executive
Director presented the Committee with the NCRA draft agency budget for FY 006-07. He said that property revenues and revenues
from personal property leases continue to be the only reliable source of
operating revenue for the agency. He
said that he was reviewing other revenue-generating possibilities including
requesting that the
He
said that he would request an extension of the due date for 2 loans that
require payment in full in FY 06-07: the loan from the Humboldt Bay Harbor
District, and the PALCO loan.
Director
Kelley said that the NCRA needs to find new ways to generate operating
revenue. He said negotiations with the
new operator would put greater demands on NCRA staff and that some of those
costs should be shared with the operator.
Motion
to approve the Preliminary Draft Budget for FY 06-07 made by Director Kelley,
seconded by Director Simonson and carried unanimously, (3-0).
G. ADJOURNMENT
The Finance Committee Meeting was adjourned at