Finance Committee Meeting Notice



SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY

NOTICE OF MEETING
Finance Committee

Download the Agenda Here

NOTICE IS HEREBY GIVEN  by the undersigned, as the Executive Director of the Southern California Public Power Authority; that a regular meeting of the Finance Committee is to be held as follows:

Date:

September 11, 2017

Time:

10:30 a.m.

Place:


Southern California Public Power Authority
1160 Nicole Court
Glendora, CA 91740
(626) 793-9364

Call-In:


(909) 293-7399 Code: 6540490


The following matters are the business to be transacted and considered by the Committee:

 

1.  Opportunity for the Public to Address the Committee

Members of the public may address the Committee at this time on any agenda item of general interest, provided that item is within the subject matter jurisdiction of the Committee. Comments from the members of the public shall be limited to three (3) minutes unless additional time is approved by the Committee.


2.  Meeting Minutes

The Committee will consider adoption of the minutes for the August 2, 2017 Finance Committee meeting and the August 17, 2017 Finance Committee meeting.


3.  Magnolia Power Project Conversion of the 2009-2 Bonds

The Committee will be given an update on the Magnolia Power Project conversion of the 2009-2 bonds.


4.  Investment Reports

The Committee will review the monthly Investment Report for the month ended July 31, 2017. The Committee will recommend forwarding the Investment Report to the Board for receipt and filing.

 
5.  2016-2017 Annual Audit
The Committee will discuss the annual audit.

6.  Investment Policy
The Committee will discuss the draft Investment Policy and will be given the opportunity to provide comments to the Investment Committee. 


7.  Market and VRDO Update

The Committee will receive a market and VRDO status report from PFM.



8.  Unsolicited Proposals

The Committee will review unsolicited proposals that have been received from investment bankers. The Committee may take action with respect to such proposals.


9.  Future Agenda Topics

The Committee members will be given the opportunity to suggest topics for future Committee meetings.

10.  Closed Session

            -           Potential Litigation:  The Committee will meet with legal counsel regarding significant exposure
                         to litigation pursuant to subdivision (b) of Section 54956.9 of the California Government Code.
            -           Potential Litigation:  Conference with legal counsel regarding the potential initiation of litigation
                         pursuant to subdivision (c) of Section 54956.9 of the California Government Code.

The Authority upon request will provide reasonable accommodation to the disabled to ensure equal access to its meetings. To ensure availability, such request should be made 48 hours in advance by contacting the Authority at (626) 793-9364 during business hours.