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<br />LA PORTE AREA WATER AUTHORITY <br />MINUTES <br />FEBRUARY 7, 2007 <br /> <br />1. The meeting was called to order at 6:00 PM by President Steve Valerius. <br /> <br />Members Present: President Steve Valerius, Vice President Paul Berner, <br />Secretary Chester Pool Member Dennis Steger. <br /> <br />Members Absent: Member Robert Roy. <br /> <br />Others Present: Interim General Manager John J oems, Director of Public Works <br />Steve Gillett, Director of Finance Michael Dolby, and Tom Peterson of Null- <br />Lairson. <br /> <br />2. The minutes from the meeting held October 18, 2006 were reviewed. Motion by <br />Dennis Steger, second by Paul Berner to approve the minutes as presented. <br />Motion was unanimous. <br /> <br />3. Finance Director Michael Dolby began by informing the Board that Standard and <br />Poors has maintained the A rating held by the Authority. Auditor Tom Peterson <br />distributed copies of a Power Point summary of the Audit Report, as well as a <br />corrected copy of the Audit Report. He reviewed the audit process, and stated <br />that Null-Lairson was issuing an unqualified opinion of the Authority's annual <br />financial reports, which is the highest opinion that can be given. He also <br />reviewed the Authority's Net Assets, Revenues, expenses, changes in net assets <br />and internal controls. <br /> <br />Interim General Manager John Joerns, Finance Director Michael Dolby and <br />Auditor Tom Peterson answered questions from the Board. <br /> <br />4. No General Manager's report. <br /> <br />5. No Board comments. <br /> <br />6. There being no further business, the meeting adjourned at 6:22 PM. <br /> <br /> <br />&e. ~-A <br /> <br />Chester Pool, Secretary <br /> <br />PRO)laT <br />....JUN.- , , 2.0..)7 <br /> <br />Steve Valerius, President <br />