Olivenhain Municipal Water District Finance Committee Regular Meeting
The Finance Committee reviewed investment and cash reports, noting the District's investment yield and compliance with annual investment policies. The committee discussed wastewater financing options, specifically the potential application to the California Infrastructure and Economic Development Bank (IBank) for project financing. Additionally, the committee considered the District becoming a member of the California Statewide Community Development Authority (CSCDA) to assist in financing infrastructure for a specific project. A presentation on the District's investment strategy was provided, including a discussion on issuing a Request for Proposals (RFP) for investment management services. Finally, the committee reviewed potential pass-through water rate increases for the upcoming calendar year.