CRMP ____________________________________________ California Residential Mitigation Program A Joint Powers Authority Date of Notice: Friday, November 4, 2016 A PUBLIC MEETING OF THE GOVERNING BOARD OF THE CALIFORNIA RESIDENTIAL MITIGATION PROGRAM NOTICE IS HEREBY GIVEN that the Governing Board of the California Residential Mitigation Program (CRMP) will meet in Sacramento, California. The Bagley-Keene Open Meeting Act applies generally to meetings of the board, and the meeting is open to the public—public participation, comments, and questions will be welcome for each agenda item. All items are appropriate for action if the governing board wishes to take action. Agenda items may be taken out of order. LOCATION: California Earthquake Authority (“CEA”) 801 K Street 10 th Floor Sacramento, California DATE: Tuesday, November 15, 2016 TIME: 1:00 p.m. AGENDA: 1. Call to order and member roll call: Mitch Ziemer – Chair, Insurance Director, CEA Christina Curry – Vice Chair, Deputy Director, California Office of Emergency Services Dan Dyce – Consultant, CEA Nancy Ward - Chief Deputy, California Office of Emergency Services Establishment of a quorum 2. Consideration and approval of the minutes of the September 6, 2016, CRMP Governing Board meeting. 3. CRMP Executive Director Janiele Maffei will present her executive report. 4. CRMP Treasurer Tim Richison will present a financial report. PUBLIC NOTICE 1
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CRMP ____________________________________________
California Residential Mitigation Program
A Joint Powers Authority
Date of Notice: Friday, November 4, 2016
A PUBLIC MEETING
OF THE GOVERNING BOARD OF THE
CALIFORNIA RESIDENTIAL MITIGATION PROGRAM
NOTICE IS HEREBY GIVEN that the Governing Board of the California Residential Mitigation Program (CRMP) will meet in Sacramento, California. The Bagley-Keene Open Meeting Act applies generally to meetings of the board, and the meeting is open to the public—public participation, comments, and questions will be welcome for each agenda item. All items are appropriate for action if the governing board wishes to take action. Agenda items may be taken out of order.
LOCATION: California Earthquake Authority (“CEA”) 801 K Street 10th Floor Sacramento, California
DATE: Tuesday, November 15, 2016 TIME: 1:00 p.m. AGENDA:
1. Call to order and member roll call:
Mitch Ziemer – Chair, Insurance Director, CEA Christina Curry – Vice Chair, Deputy Director, California Office of Emergency Services Dan Dyce – Consultant, CEA Nancy Ward - Chief Deputy, California Office of Emergency Services
Establishment of a quorum
2. Consideration and approval of the minutes of the September 6, 2016, CRMP Governing
Board meeting.
3. CRMP Executive Director Janiele Maffei will present her executive report.
4. CRMP Treasurer Tim Richison will present a financial report.
PUBLIC NOTICE
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5. CRMP Managing Director Sheri Aguirre will present an update on the Earthquake Brace + Bolt program and the Napa Brace + Bolt programs.
6. Ms. Aguirre will present an update on the CEA Brace + Bolt program.
7. Ms. Aguirre will request approval to contract with a call center firm pursuant to the
Request for Qualifications and Proposal for Call Center Services #08-10.
8. Ms. Aguirre will present a proposed 2016 Governing Board meeting calendar for approval.
9. Public comment on items that do not appear on this agenda and public requests that
To view this notice on the CRMP website, please visit
www.CaliforniaResidentialMitigationProgram.com
* * * * * Persons with disabilities may request special accommodations at this or any future CRMP governing board meeting or may request the accommodation necessary to receive agendas or materials prepared for its board meetings. Please contact Jacqueline Ball by telephone at (916) 661-5607 or by email at
[email protected]. We would appreciate hearing from you at least five days
before the meeting date to best allow us to meet your needs.
NOTE: You might have received this notice because your name, or that of your organization, appears on a public-notice list maintained by the California Earthquake Authority. If in the future you do not wish to receive public notices pertaining to the California Residential Mitigation Program, please send your
November 15, 2016 Agenda Item #4: Treasurer’s Financial Update Recommended Action: No Action Necessary Background: CRMP Treasurer, Tim Richison, will review the CRMP financial statements as of September 30, 2016. Recommendation: No action is necessary.
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California Residential Mitigation Program
(CRMP)
FINANCIAL
REPORT
BOARD MEETING
Tuesday, November 15, 2016
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Assets
Cash and cash equivalents 1,220,054$ Accounts receivable 7,300
Total assets 1,227,354$
Liabilities:
Accounts payable and accrued expenses 19,643$
Total liabilities 19,643
Fund Balance:Unassigned 1,207,711
Total fund balance 1,207,711
Total liabilities and fund balance 1,227,354$
California Residential Mitigation Program
Balance Sheet
As of September 30, 2016
Liabilities and Fund Balance
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Revenues:Contributions from members 1,000,000$ Contributions from other governments 2,318,111
Total revenues 3,318,111
Expenditures:Administration and office expenses 4,133$ Audit services 37,000Board services 1,217Grants to homeowners 2,907,111Inspection services 5,640Insurance 33,531IT administrative support 17,228Legal services 69,590Marketing services 247,365Program support 29,054Training 800Travel 10,659
Total expenditures 3,363,328
Net change in fund balance (45,217)
Fund balance, beginning of year 1,252,928
Fund balance, end of year to date 1,207,711$
California Residential Mitigation Program
For the Year‐To‐Date Ended September 30, 2016
Statement of Revenues, Expenditures and Changes in Fund Balance
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Approved 2016 Budget after Augmented & Adjusted Percentage used of
2016 Budget Adjustments A Augmentations Augmentations Used Budget Approved 2016 Budget Augmented & Adjusted 1/1/2016 thru 9/30/2016 thru 9/30/2016 and Adjustments as of 9/30/2016 Remaining as of 9/30/16 Approved 2016 Budget
RevenueContribution from Members -$ -$ -$ -$ 1,000,000$ (1,000,000)$ >100%FEMA 300,000 300,000 - 300,000 0.00%Department of Insurance 3,000,000 3,000,000 2,318,111 681,889 77.27%Total Revenue 3,300,000 - - 3,300,000 3,318,111 (18,111) 100.55%
Total General Office 345,965 (20,000) - 325,965 145,470 180,495 44.63%
EBB Program ExpensesSoftware/Information Technology 23,120 23,120 17,228 5,892 74.52%Call Center 64,800 64,800 29,054 35,746 44.84%Program Evaluations - Customer Service Satisfaction 50,000 (50,000) - - - 0.00%Home Inspection Services 87,300 87,300 5,640 81,660 6.46%EBB Marketing 300,000 70,000 370,000 247,365 122,635 66.86%EBB Program Education 40,000 40,000 - 40,000 0.00%Grants to Homeowners (1600 payments at $3,000) 5,400,000 5,400,000 2,907,111 2,492,889 53.84%
Total EBB Program Expenses 5,965,220 20,000 - 5,985,220 3,206,398 2,778,822 53.57%
Total Administrative and Program Expenses 6,337,685$ -$ -$ 6,337,685$ 3,363,328$ 2,974,357$ 53.07%
AAdjustment to meet CRMP needs for rest of year.
California Residential Mitigation ProgramBudgeted Expenditures and Actual Expenditures
2016 Budget Year
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Approved 2016 Budget after Augmented & Adjusted Percentage used of
2016 Budget Adjustments A Augmentations Augmentations Used Budget Approved 2016 Budget Augmented & Adjusted 1/1/2016 thru 9/30/2016 thru 9/30/2016 and Adjustments as of 9/30/2016 Remaining as of 9/30/16 Approved 2016 Budget
RevenueContribution from Members -$ -$ -$ -$ 1,000,000$ (1,000,000)$ >100%Total Revenue - - - - 1,000,000 (1,000,000) >100%