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' LA FORTE AREA WATER AUTHORITY <br />MINUTES <br />FEBRUARY 18, 1992 <br />1. The meeting was called to order at 6:20 P.M. by President Jerry <br />Bramlett. <br />MEMBERS PRESENT: President Jerry Bramlett, Secretary Al <br />Fields, and Member Rodney Etchberger <br />MEMBERS ABSENT: Member Bob Blackwell <br />OTHERS PRESENT: Jeff Litchfield, Finance Director, Buddy Jacobs, <br />Assistant Director of Public Works, Chuck Yappel and Chris Rowe <br />of Null and Associates. <br />2. Minutes from the regular meeting held January 28, 1992 were read. <br />Motion made by Member Rodney Etchberger and seconded by Secretary <br />Al Fields to approve the minutes as read. Motion unanimous. <br />3. Jeff Litchfield gave an overview of the financial statement. He <br />went over statements and footnotes. Mr. Rowe assisted <br />Mr. Litchfield in answering questions concerning the footnotes. <br />Secretary Al Fields asked if the wording on Note 2 could be <br />changed to show the LPAWA is not a portion of the City of La <br />Porte. Mr. Litchfield said he would attempt to add something to <br />indicate the Authority is a separate entity. Mr. Litchfield will <br />contact the City of Shoreacres and Morgan's Point to see if they <br />have any problems concerning the financial statement. <br />Mr. Litchfield will provide copies of the City La Forte's <br />Investment Policy to all Board Members in order for them to see <br />the current investment procedures of the City. <br />Note 7 will be changed to name the Cities who are customers of <br />the LPAWA. <br />Financial advisor and Mr. Litchfield recommend approval of the <br />financial statement subject to the changes requested by the <br />Board. <br />4. There was no General Manager report. <br />