Board of Directors

0408CBFN.pdf

Finance/Administration Committee Agenda

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

6252 Telegraph Road
2nd Floor Conference Room, Room 1-229
Commerce, California 90040-2512

1:00 P.M. WEDNESDAY, April 16, 2008

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
Lisa Sanchez

*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 – February 13, 2008 (Special); February 26, 2008 (Regular); March 20, 2008 (Special); March 25, 2008 (Regular); and March 28, 2008 (Special)

5. FINANCIAL REPORT

A. Director Demands
B. Demands
C. Cash and Investments
D. Water Sales Statements (Not Available)

ACTION CALENDAR

6. CONTRACTS UNDER GENERAL MANAGER’S AUTHORITY

ACTION: Receive and file.

7. INITIAL FUNDING OF OTHER POST-EMPLOYMENT BENEFITS (OPEB)

ACTION: That the Board approves the designation of an amount not-to-exceed $1.5 million to fund the OPEB liability and authorizes the General Manager to establish a trust for OPEB on or before June 30, 2008.

INFORMATION CALENDAR FOR DISCUSSION

NONE.

INFORMATION FOR CONSENT CALENDAR

NONE.

COMMITTEE INFORMATION ONLY

8. PROPERTY TAX EXEMPTION UPDATE – ORAL REPORT

9. ASSOCIATION OF WATER AGENCIES OF VENTURA COUNTY SEMINAR ATTENDANCE - ORAL REPORT

COMMUNICATIONS

10. 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.