Finance Committee Meeting – September 21, 2022
3:00 pm - 4:15 pm
1. Call to Order
- a. Roll call of Members
2. Approve minutes from August 24, 2022 [Attachment 00.01] (Pg. 3)
3. Approve Order of Agenda
4. Approval of Bills [Attachment 00.02] (Pg. 5)
5. Finance Report [Attachment 01.00] (Pg. 26)
6. Executive Director Financial Report [Attachment 02.00] (Pg. 52)
7. Contracting Actions
- a. DA Board Approval Contract Actions
[Attachment 03.00] (Pg. 59)- i. Minnkota, Task Order 04 Amendment 0 [Attachment 03.01] (Pg. 61)
8. Other Business
- a. DA Board Approval MOU and Agreement Actions [Attachment 04.00] (Pg. 64)
- i. MLGC & MFDA MURA [Attachment 04.01] (Pg. 67)
- b. Draft 2023 Cash Budget [Attachment 05.00] (Pg. 106)
- c. WP50G Recommendation to Accept Bid and Award [Attachment 06.00] (Pg. 108)
9. Next Meeting: October 26, 2022
10. Adjournment
Files
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A regular meeting of the Metro Flood Diversion Authority Finance Committee was held on September 21,
2022. The following members were present: Bernie Dardis, Mayor, City of West Fargo; Dr. Tim Mahoney,
Mayor, City of Fargo; Chad Peterson, Cass County Commissioner; Dan Jacobson, Chairman, Cass County Joint
Water Resource District; Terri Gayhart, City of Fargo Finance Director; Lori Johnson, Clay County
Auditor/Treasurer; Mike Redlinger, City of Fargo Interim City Administrator; Rick Steen, Cass County
Commissioner; Dave Piepkorn, Fargo City Commissioner and Shelly Carlson, Mayor, City of Moorhead.
Members absent: Mike Rietz, City of Moorhead Assistant City Manager and Brandy Madrigga, Cass County
Finance Director.
1. CALL TO ORDER
Mayor Dardis called the meeting to order at 3:00 PM. Roll call was taken, and a quorum was present.
2. APPROVE MINUTES FROM THE AUGUST 2022 MEETING
MOTION PASSED
Dr. Mahoney moved to approve the minutes from the August 2022, meeting and Mr.
Piepkorn seconded the motion. On a voice vote, the motion carried.
3. APPROVE ORDER OF AGENDA
MOTION PASSED
Dr. Mahoney moved to approve the order of the agenda and Mr. Peterson seconded the
motion. On a voice vote, the motion carried.
4. APPROVAL OF BILLS
Ms. Gayhart reported that the bills payable through September 14, 2022, total $8,895,506.14 and are
payable to the usual vendors, with Cass County Joint Water Resource District being the largest.
MOTION PASSED
Dr. Mahoney moved to approve the bills as presented and Mr. Peterson seconded the
motion. On a roll call vote, the motion carried.
5. FINANCIAL REPORT
Ms. Gayhart reported that our total assets are $139,846,502, liabilities total $2,413,464 and the
current net position is $137,433,038.
MOTION PASSED
Dr. Mahoney moved to approve the financial report and Mr. Peterson seconded the motion.
On a voice vote, the motion carried.
Finance Committee Packet 2022-10-26 Page 3 of 190
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6. EXECUTIVE DIRECTOR FINANCIAL REPORT
Mr. Paulsen reported that current revenues for the month are $8.7 million and the majority of
expenses continue to be in property mitigation. The administrative budget continues to track under
budget.
7. CONTRACTING ACTIONS
a. DA Board Approval Contracting Action
Mr. Paulsen provided an overview of the following contracting action:
Task Order 04, Amendment 0 – utility relocation – power line modifications to overhead 230,000 kV
transmission line for future construction of SE-2B. Minnkota Power Cooperative, Inc., $465,000.
MOTION PASSED
Dr. Mahoney moved approve the contracting action as presented and Mr. Peterson seconded
the motion. On a roll call vote, the motion carried.
8. OTHER BUSINESS
a. DA Board Approval MURA and Agreement Actions
Mr. Shockley provided an overview and summary outlining the purpose and necessity for the following
MURA:
i. MLGC & MFDA MURA
MOTION PASSED
Dr. Mahoney moved to approve the MURA as presented by Mr. Shockley and Mr. Peterson
seconded the motion. On a roll call vote, the motion carried.
b. Draft Cash Budget
Mr. Paulsen provided an overview of the “draft” 2023 cash budget. It will be presented at the
November meeting for final approval.
c. WP50G Recommendation to Accept Bid and Award
Mr. Bakkegard recommended Schmidt & Sons Construction be awarded the bid for WP50G, structure
mitigation, based on their submission of $794,312.00.
MOTION PASSED
Dr. Mahoney moved to approve awarding the bid to Schmidt & Sons Construction and Mr.
Peterson seconded the motion. On a roll call vote, the motion carried.
9. NEXT MEETING
The next meeting will be October 26, 2022.
10. ADJOURNMENT
The meeting adjourned at 3:44 PM.