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HomeMy WebLinkAbout2005-05-10 RMLD Operating and Capital Budget Subcommittee MinutesMinutes of Operating and Capital Budget Subcommittee Meeting RMLD Board of Commissioners Date: May 10, 2005 Time: 8:30 a.m. Place: General Manager's Conference Room f Attendees: . Commissioners: Messrs. Herlihy and Pacino RMLD Staff: Messrs. Cameron and Fournier Ms. O'Leary Chairman Herlihy wanted to know the difference from the total Capital Budget for FY06 compared to the 2005 Capital Budget? Mr. Cameron replied the 2005 Capital Budget is higher than the FY06 budget, and he would like to manage it down to a $4 million per year level in the future. Chairman Herlihy asked the General Manager will the Capital Budget improvements will improve the reliability of the system? Mr. Cameron replied, yes that such improvements would increase the reliability of the system. Discussion ensued relative to ongoing and future capital projects. The Operating and Capital Budget Subcommittee members thanked the staff and the CAB for their work on the Capital Budget. Mr. Pacino made a motion seconded by Chairman Herlihy to adopt the Operating and Capital FY 2006 Capital Budget in the amount of $4,291,916 on the recommendation the RMLD Board of Commissioners Operating and Capital Budget Subcommittee. Motion carried 2:0:0.