Amanda Nairn

The board received an educational presentation regarding wetlands and natural infrastructure. The meeting included the recognition of a long-term partner and the delivery of the Treasurer's report, which noted normal financial activity and the reinvestment of a matured treasury bill. The board approved a letter of engagement for a financial audit for the upcoming fiscal year and adopted the budget for the following fiscal year, following adjustments for retirement contributions, fuel costs, and potential project allocations. Reports were provided by the legal counsel, the General Manager, including a presentation on a tank cleanout and repairs to a water line, and the President regarding board member reappointments.

The board discussed a contract agreement for the sale of surplus municipal water between the City of Midwest City and Norman. Additional agenda items included an update on the upcoming financial audit, an overview of the fiscal year budget, a legal counsel report, the General Manager's operational report regarding facility maintenance and project statuses, and a presentation on wetlands and natural infrastructure.

The board reviewed financial reports, including investment activities and account clarifications. An update was provided on the Contaminants of Emerging Concern (CEC) project, detailing its current phases. The board conducted an initial discussion on the draft fiscal year 2027 budget, reviewing historical operations and maintenance data, power cost savings achieved through infrastructure upgrades, and plans to maintain consistent budget levels. Additionally, the legal counsel and general manager provided reports covering legal agreements and ongoing projects such as flow meter installations and facility maintenance.

The board discussed a presentation on wetlands, heard the treasurer's report, and reviewed the engagement letter for the FY 25-26 financial audit. Discussions also included the FY 2027 draft budget, legal counsel updates, and the general manager's report regarding various plant facility improvements, including equipment installations, metering, and maintenance tasks.

The meeting included a statement of compliance with the Open Meeting Act. Key administrative discussions centered on the Yield Model and Drought Response Plan, where an overview of the draft plan detailed three elevation-based reduction triggers (10% at 1033', 20% at 1031', and modeled reduction starting at 1029') and associated reduction methods, with plans for further refinement meetings with the three cities. The Treasurer's Report addressed the reflection of power expenses and reimbursements in financial statements, noted an increase in Service and Safety Awards due to bonuses, and detailed the reinvestment of matured certificates of deposit and Treasury bills into higher-yield instruments, aligning with the target operating balance. The General Manager indicated the draft Budget would be presented at the next meeting. Discussion items also included reports from Legal Counsel and the General Manager.