HomeMy WebLinkAbout2002-07-03 - Finance-Accounting Committee Meeting MinutesITEM NO. /2
AGENDA REPORT A"ROVEO BY THE BOARD OF DIREVORB
OF THE VORBA UNDA WATER OWRICE
DATE: July 11, 2002 .1U 2002
TO: President and Members of the Board
g11
FROM: Finance Committee
SUBJECT: Summary Minutes of the Finance-Accounting Committee Meeting
The Finance-Accounting Committee held a meeting on July 3, 2002. Present were Arthur C.
Korn, Michael Beverage, William Robertson and Beverly Meza. The Committee discussed:
1. Sewer Maintenance Charge. Mr. Robertson reviewed a draft Sewer Maintenance Charge
report. The Draft report concludes the present charge is adequate for the upcoming fiscal
year. The full Board will act on this matter at a public hearing scheduled for the July 25,
Board of Directors meeting.
2. Mid-year budget review. Mr. Robertson reviewed figures indicating the District may break
even at the end of the fiscal year. Final figures will be available at conclusion of the annual
audit.
3. Investment Policy. Ms. Meza reported the existing investment policy is adequate and no
changes are required. The full Board of Directors will act on this matter at the July 11, Board
of Directors meeting.