HomeMy WebLinkAbout1995-04-20 - Finance-Accounting Committee Meeting MinutesITEM NO.
AGENDA REPORT
DATE: April 27, 1995
TO: President and Members of the Board
FROM: Finance - Accounting Committee
SUBJECT: Summary Minutes of the Finance - Accounting Committee Meeting
The Finance - Accounting Committee held a meeting on April 20, 1995. Present were
Sterling Fox, Arthur C. Korn, William Robertson and Beverly Meza. The following
items were discussed at the meeting:
1 . Financial Aspects of Five Year Plan. The Committee reviewed the
Metropolitan Water District portion of the Draft Five Year Plan. There was a lengthy
discussion to include language concerning Metropolitan's new water rate structure as
well as added background data on the Integrated Resources Planning process and Met's
Nexus study. The Committee will review further plan updates at it's next meeting.
The Five Year Plan is scheduled for Board approval at the first meeting in June.
2. Records Management Plan. Ms. Bower joined the Committee meeting for this
item. Ms. Bower then presented a report on the Records Management Plan
recommendations and discussed costs. This matter will be presented to the full Board
for action on this Agenda. Ms. Bower departed after this report.
3. Pooling District Investments. Mr. Robertson presented report on pooling District
investments. He reviewed Board policies and past practices as they relate to
investments. Due to schedule conflicts, the Committee meeting was adjourned before
full discussion of this matter. This will return to the Committee for further discussion
at the next Committee meeting.