HomeMy WebLinkAbout2012-10-24 - Finance-Accounting Committee Meeting Minutes MINUTES OF THE
YORBA LINDA WATER DISTRICT
FINANCE-ACCOUNTING COMMITTEE MEETING
October 24, 2012
A meeting of the Finance-Accounting Committee was called to order by Director Kiley at
1:00 p.m. The meeting was held at the District's Administrative Office at 1717 E.
Miraloma Ave, Placentia CA 92870.
COMMITTEE STAFF
Director Robert R. Kiley, Chair Steve Conklin, Acting General Manager
Director Phil Hawkins Delia Lugo, Senior Accountant
1. PUBLIC COMMENTS
None.
2. DISCUSSION ITEMS
2.1. Budget to Actual Results for September 2012
Ms. Lugo presented the September Budget to Actual Results to the
committee. She discussed the relationship of certain line items' actual
amounts to where the expectation would be at this point in the year, and
answered committee questions related to the current results.
2.2. Investment Reports for Period Ending September 30, 2012
Ms. Lugo explained that the 2003 and 2008 COP's debt service payments
and CIP spending resulted in a decrease in investment balances of
approximately $1.9 million. Ms. Lugo also discussed the current portfolio
yield moving up slightly to 0.78%. The committee had no questions.
2.3. Status of Strategic Plan Initiatives
Ms. Lugo reported on the status of strategic plan initiatives relating to
fiscal responsibility.
2.4. Future Agenda Items and Staff Tasks
None.
3. ADJOURNMENT
3.1. The Committee adjourned at 1:28 p.m. The next meeting of the Finance-
Accounting Committee will be held Monday, November 26, 2012 at 4:00
p.m.
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