Finance/Administration Committee Agenda

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

6252 Telegraph Road
1st Floor
Board Hearing Room #106
Commerce, CA 90040-2512

10:00 A.M. Wednesday, February 10, 2010

ATTENDANCE

Committee Members:

• Phillip Hawkins (Chair)
• Ed Vasquez
  

Alternate Members

• Robert Apodaca

Also Present

• Art Aguilar
• Margarita Gómez
• Aileen Hermoso
• Albert 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 – January 25, 2009 (Regular)

5. Financial Report

• A. Director Demands
• B. Demands
• C. Cash and Investments

ACTION CALENDAR

6. Directors’ Compensation
ACTION: That the Board considers the same per diem rate of $233.17 for the next 12-month period.

7. Payment of CalPERS Unfunded Liability
ACTION: That the Board authorizes the General Manager to pay-off the CalPERS unfunded liability (specifically called the “Side Fund”).

INFORMATION CALENDAR FOR DISCUSSION

8. Quarterly Budget Versus Actual Financial Information

INFORMATION FOR CONSENT CALENDAR

None.

COMMITTEE INFORMATION ONLY

9. Bonds Update – Oral Report

COMMUNICATIONS

10. Directors’ Comments.

11. General Manager’s 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.