HomeMy WebLinkAbout1999-01-13 - Finance-Accounting Committee Meeting Minutes0
AGENDA REPORT
DATE: January 28, 1999
TO: President and Members of the Board
FROM: Finance Committee
0
ITEM NO.
SUBJECT: Summary Minutes of the Finance - Accounting Committee Meeting
The Finance - Accounting Committee held a meeting on January 13, 1999. Present were Arthur
C. Korn, Mark Abramowitz, William Robertson and Beverly Meza. The Committee discussed
the following items:
Item 1. Budget process. Staff and the Committee discussed the budget process, philosophy and
calendar.
Item 2. Investment Policy. Staff reported the Investment Policy is due for its annual review. In
addition, staff does not recommend changes in the current policy.
Item 3. Customer Bill. The Committee reviewed the new layout for the customer bill.
Item 4. Status report on Dynasty/MMI conversion. Staff reported the conversion of old
software and data is nearly complete and will soon be transferred to the new computer system.
Full testing is on schedule and will begin in February.
Item 5. Other — Audit. Staff discussed concerns they had with this years audit and that they will
meet with the current auditor to discuss this issue. Staff went on to report they may consider
soliciting proposals for new auditors.