HomeMy WebLinkAbout2009-07-14 - Finance-Accounting Committee Meeting Minutes
MINUTES OF THE
YORBA LINDA WATER DISTRICT
FINANCE - ACCOUNTING COMMITTEE MEETING
July 14, 2009
A meeting of the Finance-Accounting Committee was called to order by Director
Beverage at 4:00 p.m. The meeting was held at the District's Administrative Office at
1717 E Miraloma Ave, Placentia CA 92870.
COMMITTEE STAFF
Director Michael J. Beverage, Chair Ken Vecchiarelli, General Manager
Director William R. Mills, Alternate Diane Cyganik, Finance Director
Sandi Van Etten, Senior Accountant
1. PUBLIC COMMENTS
None.
2. ACTION CALENDAR
2.1. Monthly Financial Statements for May 2009
The financial statements were reviewed and accepted as presented.
2.2. Monthly Investment Report for May 2009
The investment report was reviewed and accepted as presented.
3. DISCUSSION ITEMS
3.1. Monthly Portfolio Reports for June 2009
Mr. Khorey was contacted prior to the meeting and reported to staff that
the portfolio was stable at the present time. The Committee had no
questions for Mr. Khorey and therefore did not call him.
3.2. Locke Ranch Sewer Assessment
The Locke Ranch Sewer Assessments will be presented at the next Board
meeting. Staff reported it was not necessary to raise sewer rates at this
time.
3.3. Future Agenda Items and Staff Tasks
Mr. Beverage asked for a comparison with other cities/agencies rate
increases. He also was interested in whether the state Individual
Registered Warrants (IOUs) could be considered a form of investment for
the District since the state has promised to pay 3.75% interest if the
warrants are held until October.
4. ADJOURNMENT
4.1. The Committee adjourned at 5:00 p.m. The next regular meeting of the
Finance-Accounting Committee will be held August 11, 2009 at 4:00 p.m.
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