Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance And Governance topic
No spam. Unsubscribe anytime.
Agency approves equipment purchase and meeting schedule; dashboard shows $1.7M revenues and $9.26M cash on hand
Summary
The Sarpy County and Cities Wastewater Agency approved the consent agenda, a bobcat purchase (Resolution 26) and November/December meeting dates (Resolution 27). Treasurer Mark Sedout presented the financial dashboard for Aug. 31, 2025 showing $1.7 million in revenues, $9.26 million cash and a $2 million short-term CD placement.
The Sarpy County and Cities Wastewater Agency on Sept. 24, 2025 approved three routine items and received a monthly financial dashboard showing the agency in a strong early operations position.
The board approved the consent agenda (claims report and minutes), passed Resolution 26 to purchase a bobcat for field operations and passed Resolution 27 setting the Nov. 19 and Dec. 10, 2025 board meeting dates. Each vote passed with five votes in favor and Papillion recorded as absent.
Mark Sedout, the agency treasurer, presented the monthly financial dashboard for the period ending Aug. 31, 2025. Sedout said connection-fee revenue stood at $1,270,000, flow revenues for the two-month period were $121,000, and total revenues were about $1,700,000 (roughly 56% of the year-to-date budgeted amount). He also said expenses were just over $1,000,000 (about 4.77% of the annual budget), reflecting the agency’s transition from construction to operations.
Sedout reported several revenue and cash details: $132,000 recorded as a reimbursement (described as a META Springfield/Omaha sewer reimbursement), $115,000 in miscellaneous income comprising roughly $69,000 for an OPPD easement payment and about $45,000 reimbursement from the Sharpe County courthouse related to the Jetta Trumbull lawsuit, and interest income of about $31,000. He said SRF loans have been fully drawn, WIFIA draws increased by about $1,200,000 for project costs, and SRF debt service is scheduled for December while WIFIA debt service is not due until June 2029.
Sedout said cash on hand at the end of the reporting period was $9,260,000, an increase of about $1,870,000 from the prior month driven by reimbursements and connection-fee receipts. Based on the cash position and receivables, the agency moved $2,000,000 into a five-month certificate of deposit at 5 Points Bank at 4.15% interest.
On the consent and resolution votes, the board procedure recorded motions and seconds but did not list individual roll-call votes by name. The consent agenda motion was made and seconded and carried (yes:5, absent:1). Resolution 26 (bobcat purchase) was moved and seconded and carried (yes:5, absent:1). Resolution 27 (November and December meeting dates) was moved and seconded and carried (yes:5, absent:1).
The agency set its next meeting for Oct. 22, 2025 and adjourned.
