Wednesday, February 13, 2019 - Helix WD Board Meeting at 4PM (Closed Session first), will probably take an hour.

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Dear Friends: 
Here is the board package link for our Helix Water District Board Meeting: 
​AGENDA
REGULAR MEETING OF THE BOARD OF DIRECTORS
Wednesday, February 13, 4pm
7811 University Avenue, La Mesa, CA 91942-0427
 
Meeting starts at 4pm, but we will be going into closed session, closed session may take about an hour to discuss the following items:

• Conference with Labor Negotiators
  • MOU for Helix expires June 31, 2019.
• Public Employee Performance Evaluation
  • General Manager, Annual Review

 
Interesting Agenda Items:
 
Item 9 (Page 120) . The Board Conduct a Public Hearing at 5PM and Consider Adoption of increasing Directors Compensation from $200 to $225 for Each Day’s Service Rendered

• Last adjustment was made in 2003, 16 years ago, from $150 to $200, the state legislature Water Code allows for an annual adjustment of 5% per year. 10 per diems are allowed per month.

 
Item 10 (Page 125) . Committee Meeting Schedule

• Four Committees have been developed: Engineering and Operations; Finance and Administration; Parks, Land, Lakes and Garden; Water Quality and Resources.
• These meetings are posted and the public is welcome to attend.

 
Item 12 (Page 141) . Prepayment of Helix Water District’s CalPERS Unfunded Liability

• The board review and discuss options for reducing the district's current CalPERS unfunded liability and authorize district staff to make a related one-time $3 million to $5 million lump sum advanced funding payment to reduce the district's CalPERS unfunded liability.
• In early December 2018, district staff reviewed the above with financial consultant, Fieldman, Rolapp and Associates, and asked that they calculate four criteria to evaluate options one, two and five. These criteria are: 1) Actual savings to the district net of any additional payments; 2) Net present value of the savings (based on 2.5 percent discount rate); 3) Funded ratio and 4) Date of final payoff of the current unfunded liability.
• Current Unfunded Liability is at $44.8 Million, 65% funded ratio
• 5 Options have been proposed to discuss at the meeting, as shown in board report page 145.
• Staff recommends Option 3, using upfront funds from El Monte Land Sale.
  • $5 Million Upfront paydown and additional $750,000 Next 4 years.
    • Net Unfunded Liability Svings Potential - $12.29 Million
    • Net Present Value Savings Potential - $5.83 Million
    • Funded Ratio in 2025 - 73%
    • Date UL is Paid off - 2043
    • PRO Savings gradually ramp up and average UL payments of $3.1 Million
    • PRO Retains future flexibility
    • CON Minimal near-term savings

Other Water Stuff:
Governor Newsom is pursuing the Water Tax on Water Bills through his budget process. Carl Demaio is helping to stop the water tax, check out his website here, Stop The Water Tax! And check out his you tube video on Water Tax Weaklings and who to ask to vote NO on the Water Tax.  Spread the word. Water Agencies are NOT Tax Collectors! Keep water rates low for ALL there are alternatives!
 
As always, I welcome your comments and feedback.
 
Blog is on my website of past meetings & comments…check it out!
Please feel free to forward this email.
 
Kathleen Coates Hedberg, PE, MPH
Past President, Helix Water District
www.HWD.com
Board Director, San Diego County Water Authority
www.SDCWA.org
619.994.6900
www.VoteHedberg.org
www.lakejennings.org (go fishing & camping - teepees)
www.socalwatersmart.com  (rebate link)
 
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