Tiffany Malzahn

The Board authorized an application to the Texas Water Development Board for funding the East Williamson County Regional Water System Phase II Expansion. Additionally, they passed a resolution authorizing the issuance and sale of Contract Revenue Bonds for the Phase III Pump Project. The Board also approved revisions to the Human Resources Policy Manual and authorized an amendment to an interlocal agreement with the Texas Parks and Wildlife Department for an invasive species public awareness campaign.

The Chief Financial Officer presented the third quarter investment report for the 2017 fiscal year. The report included an overview of the total portfolio book value, a breakdown of portfolio blocks, and an analysis of total portfolio performance compared to Treasury yields and TexPool averages.

The Board reviewed and adopted revisions to the regulations governing Brazos River Authority lakes and associated lands, addressing public comments on topics such as noise, signage, scuba diving, and watercraft operations. Key changes include clarifying rail system grandfathering, OSSF responsibility, prohibitions on private fuel systems, and storage of harmful chemicals. The Board also addressed the adoption of a commercial activity permit application rate, including the term and annual fee structure for such permits.

The Retirement Committee reviewed the Wells Fargo report and the Pension Advisor report provided by AndCo Consulting, LLC. Additionally, the committee discussed the potential adoption of a retirement funding policy for the Brazos River Authority.

The Board of Directors discussed the preliminary fiscal year 2027 budget and long-range financial plan. Topics included assumptions for employee compensation, capital project funding through debt issuance, and adjustments to system water rates. The Board also reviewed strategies for mitigating project implementation challenges, such as construction market volatility and resource competition, and heard a public comment regarding the Lake Whitney reallocation project. Additionally, the Board examined long-term financial projections, reserve fund allocations, and policies regarding water resale by customers.