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. MONDAY, March 12, 2007

Committee Room, 3rd Floor

ATTENDANCE

Committee Members:

• Philip Hawkins (Chair)
• Robert Apodaca

Alternate Members

• Rudy 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. ACTION ON MINUTES - February 12, 2007 (Special); February 27, 2007 (Regular); March 10, 2007 (Special); March 27, 2007 (Regular - CBMWD); and March 27, 2007 (Special - CBFC)

5. FINANCIAL REPORT
A. Director Demands
B. Demands
C. Cash and Investments
D. Water Sales Statements - Not Available

ACTION CALENDAR

6. BANK ACCOUNTS

ACTION: That the Board refaffirms and approves the bank authorizes as follows:
1. Open a checking account for Central Basin Municipal Water District;
2. Reconfirm the authorized persons to manager and access the accounts, as follows:

1. Aileen Hermoso as Treasurer and Contracting Officer;
2. Art Aguilar and Aileen Hermoso as check signatories;
3. Aileen Hermoso and Dan Lam as authorized representatives for fund transfers; and
4. Aileen Hermoso and Dan Lam as authorized representatives to enter and approve wire transfers following the limits of authority set forth below:
   1. $10,000,000 aggregate limit;
   2. $6,000,000 single transfers limit; and
   3. Total of 4 daily transfers allowed.

7. 2007B INTEREST RATE SWAP TRANSACTIONS - HANDOUT

INFORMATION CALENDAR FOR DISCUSSION

NONE.

INFORMATION FOR CONSENT CALENDAR

8. CONTRACTS UNDER GENERAL MANAGER'S AUTHORITY

COMMITTEE INFORMATION ONLY

9. JFA UPDATES - 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.