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• <br />PRRIP — ED OFFICE DRAFT <br />01/30/2008 <br />Platte River Recovery Implementation Program <br />Governance Committee Meeting /Conference Call Minutes <br />Country Inn & Suites — Denver, CO <br />December 12, 2007 <br />Welcome & Administrative <br />Mike Purcell called the meeting to order and the group proceeded with introductions. No agenda <br />modifications. <br />Thf, Governance Committee (QQ approved the October 2007 minutes. <br />FY 2008 Program Budget <br />Jerry Kenny discussed latest version of FY 2008 budget and explained numbers in each column, <br />highlighting changes from the version presented to the GC during the October 2007 meeting. <br />Purcell said one caveat is that end of calendar year the carryover items may change somewhat <br />but the GC needs to approve a budget to have a running start on January 1, 2008. John Lawson <br />asked about carryover dollars and what it means for actual expenditures. Kenny said where the <br />budget spreadsheet shows carryover, obligations will carried over into the next year to honor <br />contracts and obligations. Lawson asked if it is correct that we will actually spend less than we <br />anticipated in FY 2007. Kenny said that was true. Kenny also said that there are FY 2007 <br />dollars in the Nebraska Community Foundation (NCF) account that will be able to be used for <br />FY 2008 expenditures. Lawson said we should focus on the proposed budget and not think <br />about NCF funds. Don Kraus asked about the Water Management Study line item and if the FY <br />2008 money for that item is for Phase II. Kenny said it would be, and that there is just a small <br />amount of carryover from FY 2007 to complete the Phase I work/contract. <br />Ted Kowalski asked about information being included that showed long -term budgeting and how <br />these tasks are managed during the First Increment. Kenny discussed the work being done in the <br />Executive Director's Office (ED Office) to develop that document and said it would be shared <br />with the GC at the February meeting. Purcell asked to have that information previewed to <br />the Finance Committee (FC) before going to the GC in February. Kenny agreed that <br />would happen. <br />Chavez - Ramirez asked about the origins of the land acquisition line item. Kenny said it was <br />developed with the help of the Land Advisory Committee (LAC) and that it represented probably <br />what it would take to complete three substantial land deals. Don Ament asked about the <br />Administrative and Other Support Services line item. Kenny said that would pay for surveyors, <br />appraisers, and other specialized land activities; contract with WEST for administrative support; <br />and other similar services. Ament asked about ED Office overhead. Kenny said salaries were <br />multiplied by 1.5 to cover benefits, overhead, and similar costs, and that expenses are billed <br />directly. <br />Purcell asked for other comments and hearing none asked if the budget was approved. <br />This includes approval of the ED Office contract for FY 2008. <br />This document is a draft based on one person's notes of the meeting. The official meeting minutes may be different <br />if corrections are made by the Governance Committee before approval. Page 1 of 7 <br />