SAWS Board Approves Investment Policy Change

Members of the Sheridan Area Water Supply Joint Powers Board, or SAWS, approved changes in the board's investment policy during Wednesday’s meeting, to bring the document in line with current state law.

SAWS Project Manager Dan Coughlin said the changes were recommended by the board's auditor in fiscal year 2014, because the policy had not been updated since September of 1996 and some state laws had changed.

Also during the meeting, board members accepted the preliminary budget for the upcoming fiscal year, with no discussion. The project manager said the budget wasn't ready in time to be included in the board packets, so copies of the budget were presented at the meeting.

The project manager told the board that upgrades to the Big Goose and Sheridan city water treatment plants should be done by June 1, and the contract date for booster station upgrades has been moved from May 15 to June 1, with 75 days for completion of the project. He said there is a change order on electrical work for the Beaver Creek pump station. That will add just over $21,000 to the project, bringing the total cost to a little more than $807,000. He said SAWS is awaiting loan documents from the state before proceeding with replacement of water meters in the district.

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