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Agency staff to draft reimbursement policy; financial dashboard shows higher connection fees, SRF draws
Summary
Agency staff said a draft reimbursement policy will be circulated before a June 9 work session and a June 25 vote; the treasurer reported connection fees above budget, SRF loan activity and a plan to invest surplus cash in a short-term CD at fiscal year end.
Agency administrator Dan Hoins told the Sarpy County and Cities Wastewater Agency on May 28 that staff are drafting a reimbursement policy and will deliver a draft to municipal administrators by close of business Friday, with a full-day work session the week of June 9 and a targeted board vote on June 25.
"I will get a draft policy to the administrators by end of business this Friday," Hoins said. He said staff are still gathering input internally and will use the June work session "with the hopes of working out any kinks so that this board can vote on that reimbursement policy ... at the June 25 meeting." Hoins also said staff were working with Gretna on a member service agreement for roughly 1,100 acres that he expects to be on the June 25 agenda.
Hoins told the board the WIFIA loan amendment discussions are ongoing as Phase 1A winds down and that staff have been preparing pro forma financials for a $45 million borrowing; he added he is "pretty confident that number is going to be less than 45,000,000," but cautioned he did not want to project a figure that might not materialize. He also reminded the board of a commissioning/ribbon-cutting event scheduled for June 9 and said he and Chairman Kelly would appear on a local program to promote the project.
Agency treasurer Mark Sedout presented the monthly financial dashboard for the period ending April 30, 2025. He reported connection fees of $3,400,000, which he said are "significantly above budget." He said expenses for the year are $12,000,000 and represent 52% of budget with the fiscal year about 83% complete; Sedout attributed the variance to lower-than-budgeted project costs. He reported a semiannual SRF invoice for principal and interest totaling $758,000 due June 15, and a recent final SRF loan draw of $2,560,000 that will appear on the May dashboard.
On investments, Sedout described the agency's current checking yield (about 2.24%) and said staff plan to consider a seven-month certificate of deposit with 5 Points Bank at fiscal year end, moving roughly $2.0–2.2 million into that instrument to earn higher interest.
Consent business: the board approved two consent-agenda items by voice vote (motion by Springfield, second by Gretna): five yes, Bellevue absent. The items on the consent agenda were not described in detail during the meeting.
The board's next regular meeting is scheduled for June 25, 2025.
