HomeMy WebLinkAbout2006-02-13 - Finance-Accounting Committee Meeting MinutesITEM NO. 10
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ANNO BY THE BOARD OF DIRECTORS
OF THE YORBA LINDA WATER DISTRICT
YORBA LINDA WATER DISTRICT
FINANCE - ACCOUNTING COMMITTEE MEETING FEB 20
February 13, 2006
A meeting of the Finance - Accounting Committee meeting was called to order by Committ
Chair Ric Collett at 4:00 p.m. The meeting was held at the District Headquarters, 4622
Plumosa Drive, Yorba Linda.
DIRECTORS PRESENT
Ric Collett, Chair
William R. Mills
STAFF PRESENT
Michael A. Payne, General Manager
Stacy L. Bavol, Acting Business Manager
ACTION ITEMS
1. Consider revisions to the Finance-Accounting Committee purpose statement.
Recommendation: The committee provided direction to staff on proposed changes.
STANDING ITEMS
2. Monthly status on January Investments- Report by Wells Capitol. Since this issue was
discussed at the Board of Directors meeting, no additional report was provided by Wells
Capital. The Committee discussed other investments conducted by staff such as CAMP
and Orange County co-mingled funds.
3. Customer Service and Developer Fees. The committee discussed a proposed time table
for reviewing Customer Service fees, Developer fees, sewer rates, and water rates. The
proposed Customer Service and Developer fees will be presented to the next Committee
meeting in March.
INFORMATIONAL ITEMS
4. Report on the Finance Director's position. The committee discussed the recruitment
status and offered advice to staff.
5. Update on special cut off audit by Moreland & Associates. The committee discussed the
special cut off audit by Moreland & Associates. The Audit will be completed in March/April
and will be presented to the Finance-Accounting Committee when completed.
ADJOURNMENT
The committee adjourned at 5:10 p.m.