Tuesday, February 22, 2022, at 8:30 A.M.
305 Squaw Valley Road, Community Room, Olympic Valley, CA
Finance Committee on Tuesday, February 22, 2022, at 7:45 A.M.
The Committee will review finance-related items on this agenda.
305 Squaw Valley Road, Room 212, Olympic Valley, CA
Public comments will be accepted by the Board in-person until the close of public comment on each item. Comments may also be submitted to the Board Secretary at info@ovpsd.org or by mail at P.O. Box 2026, Olympic Valley, California 96146. The final mail and e-mail collection will be the day before the meeting at 2:00 p.m. The public will be allowed to speak on any agenda item as it is considered, which may not be taken in the order stated herein. Times, where provided, are approximate only. The District's Board of Directors may take formal action on any item.
In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the Board Secretary at 530-583-4692 at least 48 hours preceding the meeting.
Documents presented for an open session to the governing body after distribution of the agenda packet are available for public inspection at the District office during normal District business hours and at the meeting.
A. Call to Order, Roll Call & Pledge of Allegiance.
B. Community Informational Items. These non-action agenda items are dedicated to facilitate communications and share information within the Olympic Valley. The organizations include, but are not limited to:
B-1 Friends of Squaw Creek B-6 Squaw Valley Property Owners Assn.
B-2 Friends of Squaw Valley B-7 Mountain Housing Council
B-3 Olympic Valley Design Review B-8 Tahoe Truckee Sanitation Agency
B-4 Olympic Valley MAC B-9 Capital Projects Advisory (CAP)
B-5 Squaw Valley Mutual Water Co. B-10 Firewise Community
C. Public Comment / Presentation. Members of the public may address the board on items not on this agenda for up to three minutes; however, any matter that requires action by the governing body will, unless an emergency exists, be referred to staff for a report and possible action at a subsequent Board meeting.
D. Financial Consent Agenda. All items listed under this agenda item will be approved by one motion. These items are routine, non-controversial, and the finance-related items have been reviewed by the Finance Committee. There will be no separate discussion of these items unless a member of the audience, board, or staff requests the removal of an item for separate consideration. Any item removed for discussion will be considered after approval of the remaining Consent Agenda items.
D-1 Operating Account Check Register
D-2 Operations Enterprise Fund, Revenue vs. Expenditure/Balance Sheet
D-3 Fire Government Fund, Revenue vs. Expenditure/Balance Sheet
D-4 Capital Reserve Fund Balance Sheet/Income Statement
D-5 Combined Revenues/Expenditures/Balance Sheet
D-7 Bike Trail Snow Removal, Revenue vs. Expenditure
D-8 Progress Payment – Springbrook – Cloud Upgrade
D-9 Progress Payment – Farr West Engineering – Pressure Zone 1A Project
D-10 Progress Payment – Farr West Engineering – OVPSD/SCMWC Intertie Project
E. Approve Minutes.
E-1 Minutes for the Special Board of Directors meeting of January 24, 2022
E-2 Minutes for the Regular Board of Directors meeting of January 25, 2022
F. Old and New Business. Members of the public may address the board on each agenda item, up to three minutes or longer based on direction from the Board President.
Information Only: Review item and accept public comment.
F-2 Friends of Squaw Creek Documentary
Information Only: Review item and accept public comment.
F-3 Budget Preparation Schedule
Information Only: Review item and accept public comment.
F-4 California Special Districts Association (CSDA) – Board of Directors Nominations Seat B
Proposed Action: Review item, accept public comment and nominate a candidate as desired.
F-5 North Lake Tahoe Resort Association – Board of Directors Election
Proposed Action: Review item, accept public comment and elect candidates as desired.
F-6 Placer County 2021 Local Hazard Mitigation Plan (LHMP) Update.
Proposed Action: Review item, accept public comment and adopt Resolution 2022-02, approving the Placer County 2021 Local Hazard Mitigation Plan Update.
F-7 Carrier Commercial Service HVAC Maintenance Plan.
Proposed Action: Review item, accept public comment, approve maintenance plan contract with Carrier Commercial Service for boiler at 305 Squaw Valley Road, and authorize the General Manager to execute the agreement
F-8 Resolution 2022-03 “Adopting Revisions to the Financial Investment Policy.”
Proposed Action: Review item, accept public comment, and adopt Resolution 2022-03.
A. Proposed Action: Review item, accept public comment, and adopt Resolution 2022-04 “Adopting the Pension 115 Trust Funding Policy.
B. Proposed Action: Review item, accept public comment, and authorize entering into the agreement and election to Prefund Employer Contributions to a Defined Benefit Pension Plan.
C. Proposed Action: Review item, accept public comment, and adopt Resolution 2022-05 “Delegating the Authority to Request Disbursements for the California Employers’ Pension Prefunding Trust.”
D. Proposed Action: Review item, accept public comment, and approve initial deposit into California Employers’ Pension Prefunding Trust (CEPPT).
F-10 Other Post-Employment Benefit (OPEB) 115 Trust
A. Proposed Action: Review item, accept public comment, and adopt Resolution 2022-06 “Adopting the OPEB 115 Trust Funding Policy.”
B. Proposed Action: Review item, accept public comment, and authorize entering into the agreement and election to Prefund OPEB through CALPERS.
C. Proposed Action: Review item, accept public comment, and adopt Resolution 2022-07 “Delegating the Authority to Request Disbursements from the Other Post Employment Prefunding Plan.”
D. Proposed Action: Review item, accept public comment, and approve initial deposit into California Employers’ Retiree Benefit Trust (CERBT).
G. Management Status Reports.
G-2 Water & Sewer Operations Report
G-4 Administration & Office Report
G-6 Legal Report (verbal)
G-7 Directors Comments (verbal)
H. Adjourn.
