Finance/Administration Committee Agenda

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

17140 South Avalon Boulevard, Suite 300
Carson, California 90746-1296

1:00 P.M. WEDNESDAY, February 14, 2007

ATTENDANCE

Committee Members:

• Philip Hawkins (Chair)
• Robert Apodaca

Alternate Members

• Montalvo

Also Present

• Art Aguilar
• Joone Lopez
• Margarita Gómez
• Steven Apodaca
• 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.

AGENDA

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. DISTRICT MINUTES - January 23, 2007 (Regular) - HANDOUT

5. FINANCIAL REPORT
A. Director Demands
B. Demands
C. Cash and Investments
D. Water Sales Statements - Handout

ACTION CALENDAR

6 DIRECTORS' COMPENSATION
ACTION: That the Board considers increasing the Directors' current compensation rate by 4.26% for a new rate of $225.72 per day, effective March 1, 2007

INFORMATION CALENDAR FOR DISCUSSION

NONE.

INFORMATION FOR CONSENT CALENDAR

NONE.

COMMITTEE INFORMATION ONLY

7. SPREADING WATER AGREEMENT WITH WRD - ORAL REPORT

8. JFA UPDATES - ORAL REPORT

9. PARS UPDATE - ORAL REPORT

10. DIRECTORY CONFERENCE ATTENDANCE - ORAL REPORT

COMMUNICATIONS

11. DIRECTORS' COMMENTS.

CLOSED SESSION

12. PURSUANT TO GOVERNMENT CODE SECTION 53956.9 (a) CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION - 1 ITEM - WEST BASIN MUNICIPAL WATER DISTRCT V. CENTRAL BASIN MUNICIPAL WATER DISTRICT, WEST AND CENTRAL BASIN FINANCING AUTHORITY, AND ALL PERSONS UNKNOWN, CLAIMING ANY LEGAL OR EQUITABLE RIGHT, TITLE, ESTATE, LIEN OR INTEREST IN THE PROPERTY DESCRIBED HEREIN, LOS ANGELES SUPERIOR COURT CASE NO. BC354819 (LOS ANGELES); AND 54956.8 PROPERTY NEGOTIATIONS - 2 ITEMS; [17140 S. AVALON BLVD., CARSON, CA 90746 AND 6252 TELEGRAPH ROAD, COMMERCE, CA 90040] TOM CALDERON AND ART AGUILAR NEGOTIATING PARTY

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.