HomeMy WebLinkAbout2009-02-10 - Finance-Accounting Committee Meeting MinutesITEM NO. f-h
MINUTES OF THE
YORBA LINDA WATER DISTRICT
FINANCE - ACCOUNTING COMMITTEE MEETING
February 10, 2009
A meeting of the Finance-Accounting Committee was called to order by Chairman
Beverage at 4:00 p.m. The meeting was held at the District Administrative Office at
1717 East Miraloma Avenue, Placentia, California.
COMMITTEE
Director Michael J. Beverage, Chair
Director John W. Summerfield
STAFF
Pat Grady, Asst. General Manager
Diane Cyganik, Finance Director
Sandi Van Etten, Senior Accountant
PUBLIC COMMENTS
None.
ACTION ITEMS
None.
DISCUSSION ITEMS
Investment Report ending December 31, 2008.
The investment report was discussed and the Committee recommended
receiving and filing it.
Monthly Portfolio Report ending January 31, 2009. Report by Keith Khorey,
Wells Capital Management.
Keith Khorey was contacted prior to the Committee meeting. He stated there was
nothing of concern at the present time concerning the District's investments. The
Committee opted not to call Mr. Khorey.
3. Monthly Financial Statements.
a. Period Ending November 30, 2008.
The financial statements for November were discussed and the Committee
recommended receiving and filing them.
Period Ending December 31, 2008.
The financial statements for December were discussed and the Committee
recommended receiving and filing them. The Committee recommended that
staff review the format of the Monthly Financial Statement Analysis. When the
conversion to the new accounting software is complete, staff should present
their suggestions to the Committee.
4. FY 2009/2011 Budget Activities Calendar
Development of the Budget Activities Calendar was postponed until such time
the new accounting software is implemented. The calendar will be presented at
the next Committee meeting.
ADJOURNMENT
The Committee adjourned at 4:38 p.m. The next meeting of the Finance-Accounting
Committee will be held March 13, 2009 at 9:00 a.m.
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