Minutes - Investment - 2006-03-23 COSTA MESA SANITARY DISTRICT
MINUTES OF INVESTMENT OVERSIGHT COMMITTEE MEETING
March 23, 2006
CALL TO ORDER The meeting was called to order at 5:30 p.m. by the District Manager,
Mr. Rob Hamers.
ROLL CALL Committee Members Present:
President Jim Ferryman (rotating committee member)
Director Dan Worthington (rotating committee member)
Mr. Rob Hamers, Manager/ District Engineer
Committee Members Absent: None
Staff Members Present:
Ms. Wendy Davis, Treasurer
Ms. Joan Revak, Board Secretary/Clerk of the District
Ms. Sherry Kallab, Accountant
NEW BUSINESS Tax and Revenue Anticipation Note Program
Ms. Davis discussed California Communities Tax and Revenue
Anticipation Note Program and the timeline for participating. Staff handed
out two preliminary cash flow worksheets (trash only and both trash and
sewer combined). Also discussed was the cost of issuing a TRAN in
relation to yields on current investments.
PUBLIC COMMENTS There were no items discussed under public comments.
ADJOURNMENT The meeting adjourned at 5:58 p.m.
Approved by:
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Board of Directors Board of Directors