Finance Committee Agenda

REGULAR MEETING OF THE FINANCE COMMITTEE
CENTRAL BASIN MUNICIPAL WATER DISTRICT

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

10:00 A.M. Thursday, February 9, 2012

ATTENDANCE

Committee Members:

• Phillip Hawkins (Chair)
• Ed Vasquez
  

Alternate Members:

• Art Chacon
  

Also Present:

• Art Aguilar
• Margarita Gómez
• Gil Cedillo, Jr.
• Sharon Kumar
• Peggy Williams
• Albert Plimpton
• Dina Hidalgo
• Linna Chanthabouasy
• Jim Malberg
• Bob Quaid
• Sofia Hare
• Valerie Howard 

*The Central Basin Municipal Water District Finance 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 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. Financial Report

A. Director Demands - Handout
B. Demands - Handout
C. Cash and Investments - Handout

5. Year-to-Date Water Sales –  Budget to Actuals

ACTION CALENDAR

6. Directors’ Compensation

ACTION: That the Committee considers reviewing the Directors’ current compensation rate.

7. Annual Independent Audit – Draft Document

ACTION: Receive and file.

INFORMATION CALENDAR FOR DISCUSSION

None.

INFORMATION FOR CONSENT CALENDAR

None.

COMMITTEE INFORMATION ONLY

8. Financial Management System Update – Oral Report

COMMUNICATIONS

9. General Manager's Comments.

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.