| MID
Board of Directors
Modesto Irrigation District (MID) Board Meeting of Tuesday, April 22, 2008
Media contact: MID Public Affairs Department, Melissa Williams, 209 526-7390
The next MID Board meetings will be May 13 and 27, June 10 and 24.
The MID Board Report is a summary of highlights of meetings of the MID Board of Directors and not a complete or official record of proceedings. Official records of proceedings of the MID Board of Directors are contained in the Minutes of meetings of the Board of Directors. For information about the Minutes, please contact the Office of the Board Secretary, 1231 Eleventh Street, Modesto, telephone 209 526-7360, 8:00 a.m. – 5:00 p.m., Monday – Friday, excluding holidays, or email Board@mid.org.
Approved by unanimous vote
A resolution authorizing the General Manager to execute an agreement for consulting services between MID and Mel De Roza & Associates for rubber glove training.
Staff reports
Water Report
Walt Ward, Assistant General Manager of Water Operations, reported that the March and April dry weather has resulted in all snow stations showing a decline in the snowpack. The Northern Sierra is at 94 percent average to date, Central Sierra is at 69 percent and Southern Sierra is at 76 percent. The California Dept. of Water Resources forecasts 77 percent of normal April–July runoff in the Tuolumne River watershed.
MID received notification of compliance with Article 58, which includes the Chinook salmon project, in regards to the Federal Energy Regulatory Commission (FERC) relicensing for Don Pedro Dam. Planning has already begun for the formal FERC relicensing application that is due in April 2011.
Don Pedro Board of Control Report
Director Cecil Hensley reported that resort management has been holding meetings with houseboat owners regarding a proposed 97 percent rate increase.
Don Pedro Recreation Agency hosted a quagga/zebra mussel workshop Tuesday, April 22. The workshop included discussion on detection of quagga and zebra mussels and vessel inspection and cleaning demonstrations.
Preparations for summer recreation are underway. Interviews for the summer workforce are in progress and the campgrounds are mostly booked for the major holidays.
MID 1st Quarter Financial Report and Budget Review
Controller Jake Sonke and Assistant General Manager of Finance Lou Hampel reviewed the first quarter financial report and budget. Key points included:
- MID experienced a net decrease of $34.2 million in total assets.
- Cash reserves are down approximately $12 million and customer equity is down $17 million.
- The investment portfolio included: Managed pool accounts - 2.6 percent, Corporate Medium Term Notes – 24.3 percent, Federal Agency Issues – 73 percent. MID earned a 5 percent return despite declining interest rates.
- MID is running close to budget for Operations and Maintenance and is tracking better than prior years. A detailed budget review is planned for June or July.
A complete copy of this report accompanies the Board Agenda online at mid.org.
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