North Tahoe Public Utility District

The committee reviewed various financial topics, including accounts paid and payable, April financial statements, and North Tahoe Event Center projections. Discussions were held regarding cash flow, grant revenue activity, and an independent audit report of the Money Purchase Pension Plan. Additionally, the committee evaluated the annual operating and capital improvement program budgets, the public pay schedule, and the annual appropriations limit for the upcoming fiscal year. Updates on audit preparation, customer service activities, and the long-range planning calendar were also provided.

The Finance Committee meeting agenda included reviewing and approving accounts paid and payable, discussing draft financial statements for the period ending February 28, 2026, and reviewing event center activity, cash flow, and grant revenue. The committee also considered adopting a resolution to set various rates at district parks and the event center, and authorizing a lease agreement for office imaging equipment. Additionally, updates were provided on the North Tahoe Building Corporation, pension and audit preparation, the Government Finance Officers Association award designations, customer service activity, and a review of the long-range planning calendar.

The Board discussed and took action on several key items, including the adoption of resolutions regarding sewer system management and district park rates. The board authorized professional services agreements for trail reconstruction and connector projects and construction contracts for water main replacement and seismic improvements at the annex building. Additionally, the board considered adjustments to the income-qualified rate relief policy, selected a representative for the Local Agency Formation Commission, and conducted closed session discussions concerning real property negotiations, existing and anticipated litigation, and the performance evaluation of the General Manager.

The Finance Committee meeting agenda includes the review of accounts paid and payable, draft financial statements, North Tahoe Event Center activity, and cash flow and grant revenue reports. Key discussion topics involve adopting a resolution to consolidate an election with the Placer County Board of Supervisors, reviewing fiscal year 2026/2027 budget workshop materials, receiving the annual North Tahoe Building Corporation tax form 990, and updates regarding the pension plan and customer service activity.

The Board of Directors discussed several key items, including the implementation of a Recreation and Parks Scholarship Program to assist income-qualified residents with program and facility costs. A discussion was also held regarding the Fiscal Year 2026/2027 strategic focus and draft budget parameters. Other agenda items included informational updates from the management team covering utility operations, engineering, and financial reports, as well as a closed session regarding real property negotiations, a performance evaluation for the General Manager/CEO, and labor negotiations.