HomeMy WebLinkAbout2005-02-08 - Finance-Accounting Committee Meeting MinutesITEM NO. `5
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MINUTES OF THE OFTHEYO MUNDAWATEADISMU
YORBA LINDA WATER DISTRICT FEB 005
FINANCE-ACCOUNTING COMMITTEE MEETING
Thursday February 8, 2004, 3:00 P.M.
A meeting of the Finance-Accounting Committee was called to order by
Committee Chair William R. Mills at 4:00 p.m. The meeting was held at the
District Headquarters, 4622 Plumosa Drive, Yorba Linda.
DIRECTORS PRESENT
William R. Mills, Chair
Ric Collett
ALSO PRESENT
None
ACTION ITEMS
1. None
STAFF PRESENT
Michael A. Payne, General Manager
Beverly Meza, Business Manager
STANDING ITEMS
2. Investment Policy. Beverly Meza, Business Manager reviewed the
District's investment policy with the Committee. A report on the
Investment Policy will be submitted to the Board later this year.
3. Investments. The December investment report was reviewed by the
committee. The Committee made several suggestions on future
investments.
4. District Reserves. The District's reserves were presented by Mike Payne.
Mr. Payne suggested this would be a topic at the Board of Directors
workshop. The Committee discussed the reserves.
INFORMATION ITEMS
5. Legislative Issues. Mr. Payne presented an update on legislative issues
related to financial issues. The Committee and staff discussed the
legislative Issues related to agencies reserves.