Finance/Administration Committee Agenda

REGULAR MEETING OF THE FINANCE/ADMINISTRATION COMMITTEE
CENTRAL BASIN MUNICIPAL WATER DISTRICT

17140 South Avalon Boulevard, Suite 300
Committee Room, 3rd Floor
Carson, California 90746-1296

1:00 P.M. WEDNESDAY, November 7, 2007

ATTENDANCE

Committee Members:

• Philip Hawkins (Chair)
• Robert Apodaca

Alternate Members

• Rudy Montalvo

Also Present

• Art Aguilar
• Joone Lopez
• Margarita Gómez
• Aileen Hermoso
• Dan Lam
• Al Plimpton

*The Central Basin Municipal Water District Finance/Administration Committee meeting is noticed as a committee meeting for the purpose of compliance with the Brown Act. Two Board members are assigned as members of this Committee and one as an alternate. In order to preserve the function of the committee as advisory to the Board, members of the Board who are not assigned to the Finance/Administration Committee may attend, but may not participate or vote on matters before the Committee.

COMMUNICATIONS

1. CALL TO ORDER.

2. PUBLIC COMMENT.

3. ITEMS TOO LATE TO BE AGENDIZED: Determine the need to discuss and/or take action on item(s) introduced that came to the attention of the District subsequent to the posting of the agenda.

CONSENT CALENDAR

4. ACTION ON MINUTES - October 23, 2007 (Special); and October 30, 2007 (Caucus);

5. FINANCIAL REPORT

A. Director Demands
B. Demands
C. Cash and Investments
D. Water Sales Statements (Handout)

6. FINAL ANNUAL INDEPENDENT AUDIT FOR FISCAL YEAR 2006-07

A. WEST AND CENTRAL BASIN FINANCING AUTHORITY
B. CENTRAL BASIN MUNICIPAL WATER DISTRICT

ACTION CALENDAR

7. CAR ALLOWANCE - HANDOUT

8. DISPOSITION OF DISTRICT EQUIPMENT

ACTION: That the Board authorizes the General Manager to arrange for the sale and/or donation of excess District equipment.

9. STANDBY CHARGE PROGRAM RESOLUTION OF INTENT AND DRAFT ENGINEER'S REPORT

ACTION: That the Board approves, adopts, and authorizes the President to sign Resolution No. 11-07-735, "A RESOLUTION OF THE BOARD OF DIRECTORS OF CENTRAL BASIN MUNICIPAL WATER DISTRICT INITIATING PROCEEDINGS FOR THE ESTABLISHMENT OF THE WATER AVAILABILITY OR STANDBY CHARGE FOR THE FISCAL YEAR COMMENCING JULY 1, 2008."

10. BOARD MEETING SCHEDULE AND ADDRESS CHANGE

ACTION: That the Board considers:

1. Option 1: Change the date and time of the Board meeting to the fourth Monday of each month at 1:00 p.m. at the District's headquarters at 6252 E. Telegraph Road, Commerce, CA 90040; or

2. Option 2: Continue with the same date and time, with the only exception to reflect the change of address, as follows: the fourth Tuesday of each month at 1:00 p.m. at the District's headquarters at 6252 E. Telegraph Road, Commerce, CA 90040; and

3. Approves, adopts, and authorizes the President to sign Resolution No. 11-07-736, "A RESOLUTION OF THE BOARD OF DIRECTORS OF CENTRAL BASIN MUNICIPAL WATER DISTRICT AMENDING RESOLUTION NO. 9-06-720 (ADMINISTRATIVE CODE) AS IT RELATES TO THE DATE AND TIME OF REGULAR BOARD MEETINGS."

11. ASSOCIATION OF CALIFORNIA WATER AGENCIES (ACWA) BALLOTS FOR CALIFORNIA CAUCUS POSITIONS TO THE NATIONAL WATER RESOURCES ASSOCIATION (NWRA)

ACTION: That the Board reviews the list of nominees for the National Water Resources Association California Caucus and considers completing the NWRA Ballot voting for five of the candidates. The top three candidates will be full Board members and the fourth and fifth will be alternates.

INFORMATION CALENDAR FOR DISCUSSION

12. CONSULTANT FOR THE STANDBY CHARGE PROGRAM

13. BROKER-DEALER RE-CERTIFICATION

INFORMATION FOR CONSENT CALENDAR

NONE.

COMMITTEE INFORMATION ONLY

14. WAIVER OF RECEIVABLE

COMMUNICATIONS

15. DIRECTORS' COMMENTS.

ADJOURNMENT.

Note: At the discretion of the Board, all items appearing on this agenda, whether or not expressly listed for action, may be deliberated and may be subject to action by the Board.