The finance committee met via in-person at Station 1 and Zoom.

The Paid Bills and financials for June 2021 were reviewed.

Discussion about importance of review of monthly financial documents by committee members each month.

Discussion took place on the terms of the Station 1 mortgage refinance and the Prepayment penalty that would be due on the payoff of the existing loan.  Recommendation to the board to continue with the refinance due to possibility of interest rates increasing by August 2022.

Discussion took place over accounting issues the District is having with the billing company for the transport unit.  The Controller and Fire Chief are working on a resolution.

Controller’s report was discussed.  A question was raised about the Overbid account and the related Attorney General Opinion from 2019.  The Controller is going to research and get back to the committee.

Meeting adjourned.