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