HomeMy WebLinkAbout02-07-07 Regular Meeting of the La Porte Area Water Authority Minutes
LA PORTE AREA WATER AUTHORITY
MINUTES
FEBRUARY 7, 2007
1. The meeting was called to order at 6:00 PM by President Steve Valerius.
Members Present: President Steve Valerius, Vice President Paul Berner,
Secretary Chester Pool Member Dennis Steger.
Members Absent: Member Robert Roy.
Others Present: Interim General Manager John J oems, Director of Public Works
Steve Gillett, Director of Finance Michael Dolby, and Tom Peterson of Null-
Lairson.
2. The minutes from the meeting held October 18, 2006 were reviewed. Motion by
Dennis Steger, second by Paul Berner to approve the minutes as presented.
Motion was unanimous.
3. Finance Director Michael Dolby began by informing the Board that Standard and
Poors has maintained the A rating held by the Authority. Auditor Tom Peterson
distributed copies of a Power Point summary of the Audit Report, as well as a
corrected copy of the Audit Report. He reviewed the audit process, and stated
that Null-Lairson was issuing an unqualified opinion of the Authority's annual
financial reports, which is the highest opinion that can be given. He also
reviewed the Authority's Net Assets, Revenues, expenses, changes in net assets
and internal controls.
Interim General Manager John Joerns, Finance Director Michael Dolby and
Auditor Tom Peterson answered questions from the Board.
4. No General Manager's report.
5. No Board comments.
6. There being no further business, the meeting adjourned at 6:22 PM.
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Chester Pool, Secretary
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Steve Valerius, President