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Home My WebLink About2013-10-28 - Finance-Accounting Committee Meeting Minutes1 MINUTES OF THE YORBA LINDA WATER DISTRICT FINANCE-ACCOUNTING COMMITTEE MEETING Monday, October 28, 2013, 9:00 a.m. 1717 E Miraloma Ave, Placentia CA 92870 1. CALL TO ORDER The October 28, 2013 meeting of the Yorba Linda Water District’s Finance- Accounting Committee was called to order by Director Hawkins at 9:00 a.m. The meeting was held in the Admin Conference Room at the District’s Administration Building located at 1717 East Miraloma Avenue in Placentia, California 92870. 2. ROLL CALL COMMITTEE STAFF Director Phil Hawkins, Chair Delia Lugo, Acting Finance Manager Director Gary T. Melton 3. PUBLIC COMMENTS None. 4. ACTION CALENDAR 4.1. Investment Report for Period Ending September 30, 2013 Mrs. Lugo presented the Investment Report for the Period Ending September 30, 2013. She noted that the average yield for the reporting month is 0.70%. Mrs. Lugo pointed out that the decrease in the reporting balance for the Water Operating Fund is due to the September 30, 2013 Debt Service principal and interest payment in the amount of $1,835,684.41. A hand-out that reports the use and available balance of the Line of Credit between the District and Wells Fargo Bank was available for review and discussion. There were no other key items to discuss. 5. DISCUSSION ITEMS 5.1. Budget to Actual Results for September 2013 Mrs. Lugo reviewed the September 2013 Budget to Actual Results report with the Committee. It was noted that there were no significant items to report on other than the District paying 100% of the annual premium to ACWA/JPIA for Auto and General Liability Program – Policy Year October 2013 – September 2014. 5.2. Future Agenda Items and Staff Tasks The Committee members asked for the 5-Year Cash-Flow Analysis Report to be updated and presented at the December 16, 2013 Committee meeting. 2 6. ADJOURNMENT 6.1. The meeting was adjourned at 9:45 a.m. The next Finance-Accounting Committee meeting is scheduled to be held Monday, November 25, 2013 at 12:00 p.m.