04/14/2014 Finance Committee Meeting Packet •
Finance Committee Agenda
April 14, 2014
County Manager's Front Conference Room
3:00 p.m.
1. Call to order
2. Approve Agenda (meeting noticed on April 9, 2014)
3. Approval of Minutes from February 28, 2014 Meeting
4. Evaluation of Proposals for Refunding up to $90M in Series 2005 Gas Tax Bonds; the Florida Gas Tax Refund
Revenue Bonds, Series 2014
5. Other Business
6. Public Comment
7. Adjourn—Next Meeting—May 23, 2014
Collier County Government ,o,
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April 9, 2014
FOR IMMEDIATE RELEASE
NOTICE OF PUBLIC MEETING
COLLIER COUNTY FINANCE COMMITTEE
COLLIER COUNTY, FLORIDA
MONDAY, APRIL 14, 2014
3:00 P.M.
Notice is hereby given that the Collier County Finance Committee will meet Monday,April 14, at 3:00
p.m. in the County Manager's Front Conference Room, second floor, Collier County Government Center,
3299 Tamiami Trail East, Naples, Fla.
About the public meeting:
Two or more members of the Board of County Commissioners may be present and may participate at the
meeting. The subject matter of this meeting may be an item for discussion and action at a future Board of
County Commissioners meeting.
All interested parties are invited to attend, and to register to speak. All registered public speakers will be
limited to three minutes unless permission for additional time is granted by the chairman.
Collier County Ordinance No. 2004-05 requires that all lobbyists shall, before engaging in any lobbying
activities (including, but not limited to, addressing the Board of County Commissioners, an advisory board
or quasi-judicial board), register with the Clerk to the Board at the Board Minutes and Records Department.
Anyone who requires an auxiliary aid or service for effective communication, or other reasonable
accommodations in order to participate in this proceeding, should contact the Collier County Facilities
Management Department located at 3335 Tamiami Trail East, Naples, Florida 34112, or (239) 252-8380 as
soon as possible, but no later than 48 hours before the scheduled event. Such reasonable accommodations
will be provided at no cost to the individual.
For more information, call Mark Isackson at (239) 252-8973.
###
COLLIER COUNTY
FINANCE COMMITTEE MEETING
MINUTES
FEBRUARY 28, 2014, 10:00 A.M.
In attendance: Mark Isackson, Corporate Financial Operations CMO; Crystal Kinzel, Clerk of Courts Finance Director;
Susan Usher, Senior Budget Analyst OMB; Derek Johnssen, Clerk of Courts Assistant Finance Director; Joe Bellone,
Interim Director Operations Support-Public Utilities; Laura Zautcke, Senior Budget Analyst, Public Utilities Operations; Ed
Finn, Senior Budget Analyst OMB; Jim Gibson
1. Call to Order: Mark called the meeting to order at 10:00 a.m.
2. Approve Agenda: Meeting noticed February 24, 2014. Crystal Kinzel motioned to approve the agenda; Joe Bellone
seconded. Motion passed unanimously.
3. Approval of Minutes from the January 24, 2014 meeting: Derek asked that the following changes be made: Last
paragraph under item 4, change choosing to chasing yield; first line of item 5, change Coracora to Caracara; and 3`d
line under item 5, add at after the word Agreement for future use, if needed. Crystal Kinzel motioned to approve
the minutes with changes noted; seconded by Mark Isackson, unanimously approved.
4. Review of Executive Summaries for final amendments for SRF Loans DW1111 030 and DW1111 040: Crystal
suggested removing the words "reducing the semiannual payment amount $163.64" from the title. Also, removed
"which is a reduction of$163.64 per payment" under Considerations. Mark also asked that the last sentence in the
first paragraph under Considerations also be removed. After discussion regarding the Fiscal Impact section, it was
agreed to leave as is. This item will be going to the Board March 25. The committee unanimously agreed to move
this item to the Board with a favorable endorsement.
5. Other Business: Mark advised that a surveillance has been requested by Fitch on all existing outstanding rated debt.
There was a discussion on the Budget Policy presentation to the Board on February 25. Key points discussed were
the use of any additional dollars above the planning threshold and the prudency of paying down debt on an
accelerated basis versus devoting those same dollars to reserve growth and/or backlog asset replacement.
Crystal advised audit report will be given to OMB before the scheduled Board presentation. Mark said he would like
to meet with Clifton Larsen Allen reps before the meeting to discuss the audit report. Crystal said she will give
Marty a call and set up meeting.
6. Public Comment: None
7. Adjourn: Meeting adjourned at 10:45 a.m. upon unanimous approval. Next scheduled meeting is March 28, 2014.
Mark advised he will be out of the office on that date. He will check to see what is to be on the agenda and may call
meeting in advance.
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