Minutes - Investment - 2003-04-11•
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COSTA MESA SANITARY DISTRICT
MINUTES OF INVESTMENT OVERSIGHT COMMITTEE MEETING
APRIL 11, 2003
CALL TO ORDER The meeting was called to order at 11:01 a.m. by Director Schafer.
ROLL CALL . Committee Members Present:
Mr. Rob Hamers, District Manager
Director Greg Woodside (rotating committee member)
Director Arlene Schafer (rotating committee member)
Committee Members Absent:
Mr. Marc Puckett, Treasurer
Staff Members Present:
Ms. Joan Revak, Clerk of the District
Mr. Bobby Young, Accounting Supervisor
TREASURER'S REPORT FOR THE MONTH AND QUARTER ENDED MARCH 31, 2003
Mr. Young presented the Treasurer's Report and discussed the recent
investing activity of the District. Discussion followed.
Mr. Marc Puckett, Treasurer joined the meeting at 11:18am and
discussed the District's Investment Rate of Return.
NEW BUSINESS 1. CMSD FINANCIAL STATEMENTS
Mr. Puckett indicated that this is a standing agenda item and presented
the financial statements for detailed discussion if there were questions.
Discussion followed.
2. STATE'S BUDGET DEFICIT — STATUS REPORT
Mr. Puckett discussed the status of the State's efforts to balance its
budget and eliminate the projected deficit. Discussion followed.
OPEN DISCUSSION There were no items discussed under open discussion
ADJOURNMENT The meeting adjourned at 11:30 a. m.
Approved by:
Secret Costa Mesa (Sanital District Presider
Board of Directors
Board of
District