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, May 14, 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 - April 12, 2007 (Special); April 24, 2007 (Regular); and May 1, 2007 (Special)

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

ACTION CALENDAR

6. PROPOSED FISCAL YEAR 2007-08 WATER RATES AND CHARGES AND RESOLUTION NO. 05-07-___"A RESOLUTION OF THE BOARD OF DIRECTORS OF CENTRAL BASIN MUNICIPAL WATER DISTRICT RELATING TO WATER RATES AND CHARGES AND REPEALING RESOLUTION NO. 06-06-719"

ACTION: That the Board approves, adopts and authorizes the President to sign Resolution No. 05-07-___, "A RESOLUTION OF THE BOARD OF DIRECTORS OF CENTRAL BASIN MUNICIPAL WATER DISTRICT RELATING TO WATER RATES AND CHARGES AND REPEALING RESOLUTION NO. 06-06-719," included as Exhibit "A", which reflects the rates and charges for FY 2007-08 on the attached Exhibit "B".

7. PROPOSED FISCAL YEAR 2007-08 BUDGET

ACTION: That the Board adopts the proposed fiscal year 2007-08 budget.

8. DIRECTOR EXPENSES OVER 90 DAYS OLD

ACTION: That the Board approves the claim for reimbursement submitted by Director Apodaca in the amount of $86.24.

9. ANNUAL APPOINTMENT FOR TREASURER

ACTION: That the Board appoints Aileen Umali-Hermoso as the District's Treasurer, effective May 22, 2007.

10. BOARD SECRETARY APPOINTMENT

ACTION: That the Board appoints Margarita Gómez as the Board Secretary, effective May 22, 2007.

INFORMATION CALENDAR FOR DISCUSSION

NONE.

INFORMATION FOR CONSENT CALENDAR

NONE.

COMMITTEE INFORMATION ONLY

11. JFA UPDATES - ORAL REPORT

12. EMPLOYEE VS. CONTRACTOR STATUS FOR DIRECTORS - ORAL REPORT

13. INVESTMENT UPDATE - ORAL REPORT

COMMUNICATIONS

14. 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.