Minutes - Investment - 2002-09-12�S'SANITgq`
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COSTA MESA SANITARY DISTRICT
MINUTES OF INVESTMENT OVERSIGHT COMMITTEE MEETING
SEPTEMBER 12, 2002
CALL TO ORDER The meeting was called to order at 5:31 p.m. by Director
Worthington.
ROLL CALL Committee Members Present:
Mr. Marc Puckett, Treasurer
Mr. Rob Hamers, District Manager
Director Jim Ferryman (rotating committee member)
Director Arlene Schaefer (rotating committee member)
Staff Members Present:
Rob Harriers, District Manager
Joan Revak, Clerk of the District
TREASURER'S REPORT FOR THE QUARTER ENDED JUNE 30, 2002
NEW BUSINESS
Mr. Puckett presented the Treasurer's Report and discussed the
recent investing activity of the District. Discussion followed.
A. INVESTMENT AUDIT REPORT
Mr. Puckett reviewed the Investment Audit Report and the scope
of the agreed -upon procedures audit program performed by the
auditors. It was indicated that the investment activity was found to
be in compliance with the Investment Policy limitations with no
exceptions. Discussion followed.
B. CMSD FINANCIAL STATEMENTS
Mr. Puckett discussed the CMSD financial statements. It was
indicated that the financial statements would be a standing agenda
item on the committee agendas to provide committee members an
• opportunity to ask more detailed questions regarding the financial
statements if they so desired.
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OPEN DISCUSSION
There were no items discussed under open discussion
ADJOURNMENT The meeting adjourned at 5:55 p.m.
Approved by:
Secretary, C.dsta M--sa Sanitary District President, Costa Mesa
oard of Directors; Board of Di
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District