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LRRWMO Meeting Minutes February 16, 1995 Page 2 TREASURER'S REPORT Knutson presented the Treasurer's Report for the period ending January 31, 1995. Account balances for the period were: Checking, $10.00; interest bearing savings account, $21,183.50, less permit account balance of ($5,210.35), for a total available savings account balance of $15,973.15; and certificates of deposit totaling $15,000.00; for a current total balance of $36,193.50. Knutson pointed out that Barr Engineering has not yet submitted a bill for February so there is still one outstanding month of engineering from the 1994 budget. It was noted that the cash position is good going into the 1995 budget. The CD amounts have been transferred into a savings account which will be placed into the 4M Account, earning about 5.4% interest and be available for the Plan update. Ferguson arrived at 8:49 a.m. Knutson advised that the Charles Stone permit has exceeded the permit deposit and is $51 in arrears. Haas indicated he will notify the applicant and request additional funds. At Weaver's request, Knutson reviewed fiscal year end balances for 1993 and 1994. It was noted the first one-half member city dues will probably be received in February, 1995. Motion was made by Weaver, seconded by Haas, to accept the Treasurer's Report for the period ending January 31, 1995. Vote: 4 ayes, 0 nays. Motion carried. Discuss Reimbursement of WCA Grant & Costs to Cities Jankowski noted a discussion was held at the last meeting regarding whether the WCA grant reimbursement should be given back to individual cities who performed the work, or if it should be retained by the LRRWMO. At the last meeting, it was decided the grant funds would be held by the LRRWMO. Jankowski explained he would prefer not to create any additional work for the Deputy Treasurer and suggested a reimbursement could, perhaps, be handled as a credit towards dues. Haas explained that he has been asked to again bring up the matter for discussion. He further explained that the Andover Finance Director feels the member cities are acting on behalf of the Watershed as a consultant when they review WCA issues, and this is no different than when Beduhn reviews WCA or banking issues, restoration orders, etc. The Andover Finance Director believes those costs should come back to the City that spends the time enforcing the WCA.