Melissa Elizondo

The committee reviewed the check register and financial reports, including budget variance and cash and investment balance reports. Discussions were held regarding investment strategies, the District's financial position, and future capital needs. Additionally, the committee evaluated expense and per diem compensation claims, received a report on director event attendance, discussed OPEB plan administration and compliance with GASB 75, and addressed reformatting the District Reserves Policy. The committee also acknowledged receipt of the Certificate of Achievement for Excellence in Financial Reporting.

The board meeting focused on several key items including the review and approval of financial reports, bills, and invoices. Discussions were held regarding the closure of the Project Committee No. 1 and the refund of funds after book reconciliation, a request from the Cherry Valley Water Company concerning facility fees variance, and the amendment of policies and procedures related to the copying of public records. Additionally, the board received reports from ad hoc committees, the general manager, and legal counsel, and held closed sessions to discuss potential and pending litigation as well as ongoing labor negotiations.

The Board of Directors held an engineering workshop to review the District's Capital Improvement Plan, including updates on well development, pipeline replacements, booster station projects, and chromium-6 compliance strategies. The Board authorized a grading and site preparation contract for the Noble Water Storage Tank II project to manage costs effectively. Additionally, the Board nominated a director to stand for election to a seat on the Riverside Local Agency Formation Commission. A closed session was held regarding real property negotiations for APN 407-150-016.

The Board discussed and authorized funding for a joint water system connection with the San Gorgonio Pass Water Agency for a heli-hydrant station and future well site. Will-Serve Letter extensions were granted for two residential parcels in Cherry Valley. The Board reviewed proposed revisions to credit card usage policies and authorized the General Manager to begin labor negotiations for a successor Memorandum of Understanding. Significant infrastructure projects for pipeline replacement in Cherry Valley were approved, involving the use of reserve funds and the deferral of other lower-priority projects. The Board also received various operational, financial, and committee reports, and conducted a closed session regarding real property negotiations and anticipated litigation.

The committee discussed several financial items, including the review and filing of the check register, analysis of budget variance reports, and the current state of cash and investment balances. There was a detailed explanation regarding the district's financial position, specifically addressing restricted developer deposits, future capital infrastructure requirements, and the impact of upcoming water rate adjustments. The committee also reviewed various invoices, expense and per diem compensation claims, and received a report on required director training. Additionally, the committee formally acknowledged the district's receipt of the Certificate of Achievement for Excellence in Financial Reporting.