HomeMy WebLinkAbout2009-01-13 - Finance-Accounting Committee Meeting MinutesITEM NO. /'3b
MINUTES OF THE
YORBA LINDA WATER DISTRICT
FINANCE - ACCOUNTING COMMITTEE MEETING
January 13, 2009
A meeting of the Finance-Accounting Committee was called to order by Chairman
Beverage at 4:02 p.m. The meeting was held at the District Administrative Office at
1717 E Miraloma Avenue, Placentia, California.
COMMITTEE
Director Michael J. Beverage, Chair
Director John W. Summerfield
STAFF
Ken Vecchiarelli, General Manager
Sandi Van Etten, Senior Accountant
PUBLIC COMMENTS
None.
ACTION ITEMS
Yorba Linda Water District Investment Policy Update.
The Finance-Accounting Committee recommends that the Board of Directors
adopt Resolution No. 09-XX Setting Forth Public Funds Investment Policy and
rescind Resolution No. 05-09.
2. Monthly Financial Statements for the Period ending October 31, 2008.
The monthly Financial Statements for period ending October 31, 2008 were
received and filed.
DISCUSSION ITEMS
3. Investment Report ending November 30, 2008.
The Investment Report for month ending November 30, 2008 was discussed and
accepted as presented.
4. Monthly Portfolio Report ending December 31, 2008. Report by Keith Khorey,
Wells Capital Management.
The Committee did not call Mr. Khorey. The December 31, 2008 portfolio report
was reviewed.
5. Reporting of Significant Event in Connection with the Continuing Disclosure
Obligations for the 2003 Certificates of Participation (COP's).
The report was reviewed and discussed.
ADJOURNMENT
The Committee adjourned at 5:05 p.m. The next Finance-Accounting Committee
meeting will be held February 10, 2009 at 4:00 p.m.