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98-0616_CVWD_Minutes_Adjourned Regular Meeting1 JUNE 16,1998 ADJOURNED SPECIAL MEETING OF THE CAPISTRANO VALLEY WATER DISTRICT BOARD OF DIRECTORS CLOSED SESSION (610.85) None RECESS UNTIL 7:00 P.M. BUSINESS SESSION The Adjourned Special Meeting of the Board of Directors of the Capistrano Valley Water District was called to order by Chairman Jones at 9:46 p.m. in the City Council Chamber. ROLL CALL: PRESENT: Gil Jones, Chairman David M. Swerdlin, Vice Chairman Wyatt Hart, Director John Greiner, Director Collene Campbell, Director STAFF PRESENT: George Scarborough, General Manager; John Shaw, Interim Counsel; Cynthia L. Pendleton, Treasurer; Cheryl Johnson, Clerk of the Board; Thomas Tomlinson, Deputy Director; Jennifer Murray, Assistant City Manager; William Huber, Director of Engineering and Building Services; Al King, Director of Community Services; Amy Amirani, Director of Public Works; Gillian E. Rampley, Recording Secretary. PUBLIC HEARING REVIEW OF FISCAL YEAR 1998-1999 WATER ENTERPRISE OPERATING, DEBT SERVICE AND CAPITAL BUDGETS 330.90) Written Communication: Report dated June 16,1998 from the Administrative Services Director outlining the proposed Fiscal Year 1998-99 budget and noting that it reflected a balanced budget with no anticipated rate increase. The Report additionally noted that the operations fund balance had increased by 46% and the overall fund balance had increased by $108,851 since consolidation. Cynthia Pendleton, Administrative Services Director, gave an oral presentation and noted that the Water Advisory Committee had reviewed and recommended approval of the proposed budget. CVWD Minutes -1- 6116198 04 058 Continuation of Public Hearing: Notice having been given as required by law, Chairman Jones opened the Public Hearing and, there being no response, it was moved by Director Swerdlin, seconded by Director Hart, and unanimously carried to continue the Public Hearing regarding the proposed budget to the meeting of July 7, 1998. ADJOURNMENT There being no further business before the Board, the meeting was adjourned at 9:50 p.m. to the next regular meeting date of Tuesday, July 7, 1998, at 5:30 p.m., in the City Council Chambers. Respectfully submitted, L CHERYL JO S09 CLERK OF THE BOARD CV WD Minutes -2- 6116198