Maria Capraun, Seat 4
Georgetown Divide Public Utility District
Thank you for visiting my website it contains my personal opinion and experiences with the District. I will try to keep you up to date on the information I am provided.
We are in process of creating Board Policies. A few more edits and we will have Board Policies!
To keep you up to date, we have been busy with Policies. But the Auburn Lake Water Treatment Plant and the Districts finances keeps getting top billing.
May 14, 2013 Board meeting:
During this meeting the Board voted 5/0 to send the ALT project out for bid. The Board was informed that the engineering was not complete and could not be sent out to bid. Three years and no final plans? We are in a world of hurt over this poorly planned project. There has been misinformation presented to the public and Board.
Auburn Lake Trails Water Treatment Plant has become an issue. The District planned for a project cost of $8.4 million and now the cost is over $11 million. Can I say Greenwood reincarnated. The District is $2.4 million short to complete this project. Some of the Board members feel we should just go through with the bids and start the project. The issue is that once we start we will not have the funds to complete the project unless they fall from the sky or we win the lotto for a few million. Neither is going to happen.
The Board has only had the complete information on the cost of the plant for 4 months and this project has been going on for years. Please bare with us as we explore options before we commit your money to anything.
In January the District received what we thought were the 100% complete plans from the engineering firm of Psomas. The amount of the project was $9.26 million. The cost of contingency allowed in the contract was only 3%, which is not acceptable and I asked for 10% to be added in. Then I once again asked for a budget update on the project, I had previously asked the General Manager for a project budget and never received one, so I went through the District documents presented to the Board and created one. Even without the contingency of 10% we cannot fund this project.
Total Cost for project $ 11,113,997.46
Total Fund Available for Project $ 8,673,544.00
Amount of funding shortage ($ 2,440,453.46)
How we expect to complete this project in its current state is beyond me. Once the USDA loan is updated with the current expected cost and they see we do not have the adequate funds to complete the project will they let us have the loan amount of $5 million or not?
The District has a public finance committee that is reviewing the Districts documentation on budget and other financial issues. During this review of the documents it has been found that the District should, according to District documentation have accumulated over $15 million in reserves for capital improvement projects and the District has not placed these funds in the reserve account. The funding that was to be placed aside for projects like the Auburn Lake Trails Water Treatment Plant has been placed in the General Fund and spent on the operations of the District.
Each year for the past four years the District has shown a deficit with the audit reports. The budget projection for the next five years shows a deficit. WE ARE IN AN EXTREMELY SENSITIVE SITUATION WITH FUNDING TO RUN THIS DISTRICT. The finance committee is reviewing present funding vs. expenses and will soon have more light on the situation.
We are in process of creating Board Policies. A few more edits and we will have Board Policies!
To keep you up to date, we have been busy with Policies. But the Auburn Lake Water Treatment Plant and the Districts finances keeps getting top billing.
May 14, 2013 Board meeting:
During this meeting the Board voted 5/0 to send the ALT project out for bid. The Board was informed that the engineering was not complete and could not be sent out to bid. Three years and no final plans? We are in a world of hurt over this poorly planned project. There has been misinformation presented to the public and Board.
Auburn Lake Trails Water Treatment Plant has become an issue. The District planned for a project cost of $8.4 million and now the cost is over $11 million. Can I say Greenwood reincarnated. The District is $2.4 million short to complete this project. Some of the Board members feel we should just go through with the bids and start the project. The issue is that once we start we will not have the funds to complete the project unless they fall from the sky or we win the lotto for a few million. Neither is going to happen.
The Board has only had the complete information on the cost of the plant for 4 months and this project has been going on for years. Please bare with us as we explore options before we commit your money to anything.
In January the District received what we thought were the 100% complete plans from the engineering firm of Psomas. The amount of the project was $9.26 million. The cost of contingency allowed in the contract was only 3%, which is not acceptable and I asked for 10% to be added in. Then I once again asked for a budget update on the project, I had previously asked the General Manager for a project budget and never received one, so I went through the District documents presented to the Board and created one. Even without the contingency of 10% we cannot fund this project.
Total Cost for project $ 11,113,997.46
Total Fund Available for Project $ 8,673,544.00
Amount of funding shortage ($ 2,440,453.46)
How we expect to complete this project in its current state is beyond me. Once the USDA loan is updated with the current expected cost and they see we do not have the adequate funds to complete the project will they let us have the loan amount of $5 million or not?
The District has a public finance committee that is reviewing the Districts documentation on budget and other financial issues. During this review of the documents it has been found that the District should, according to District documentation have accumulated over $15 million in reserves for capital improvement projects and the District has not placed these funds in the reserve account. The funding that was to be placed aside for projects like the Auburn Lake Trails Water Treatment Plant has been placed in the General Fund and spent on the operations of the District.
Each year for the past four years the District has shown a deficit with the audit reports. The budget projection for the next five years shows a deficit. WE ARE IN AN EXTREMELY SENSITIVE SITUATION WITH FUNDING TO RUN THIS DISTRICT. The finance committee is reviewing present funding vs. expenses and will soon have more light on the situation.
We are getting Accountability!
from
The Board
from
The Board
Stumpy Meadows
GDPUD Election Seat 4