Approved Minutes — original pdf

Approved Minutes

Water and Wastewater Commission, Budget Committee Meeting Minutes May 24, 2021 Approved: June 30, 2021 WATER AND WASTEWATER COMMISSION BUDGET COMMITTEE MINUTES May 24, 2021 The Water and Wastewater Commission Budget Committee convened on May 24, 2021 at 2:02 pm via videoconferencing. Committee Members in Attendance: Susan Turrieta (Chair), Travis Michel (Vice Chair), Jesse Penn, Grant Fisher, William Moriarty CALL TO ORDER The meeting was called to order at 2:02 p.m. by Chair Turrieta. A. CITIZEN COMMUNICATION: GENERAL There were no speakers registered for Citizen Communications. B. DISCUSSION ITEMS: 1. Winter Storm Update 2. March 2021 Financial Status Report 3. Austin Water Financial Forecast Fiscal Year 2022 - 2026 4. Fiscal Year 2022 Forecast vs. 2021 Budget Update 5. Debt Management Plan Summary Update 6. Fiscal Year 2022 Budget Schedule Austin Water Assistant Director of Financial Services, Joseph Gonzales and staff presented FY 2020-2021 budget vs. actual information and 5-year forecast projections on revenue, rate projections, transfers, program requirements, debt service requirements, Austin Water’s 5-year CIP spending plan and update on Winter Storm Uri financial impact. C. NON-VOTING ITEMS FROM COMMITTEE 1. Future Committee Meeting Schedule D. FUTURE AGENDA ITEMS Committee discussed meeting during the last two weeks in June2021. Staff will present updates on budget forecasts and projections as requested that reflects ongoing changes due to COVID-19 and Winter Storm Uri by end of June, scheduling permitting. E. ADJOURN The meeting was adjourned at 2:35 p.m. by Chair Turrieta.