Finance Committee Meeting Notice

Meetings are held the first Monday of each month, unless otherwise noted.

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:

Monday, August 6, 2018

10:30 AM

SCPPA Glendora Office
1160 Nicole Court   |   Glendora, CA 91740

Dial-In: (909) 293-7399   |   Participant Code: 6540490

This meeting will also be conducted by teleconference from:
Imperial Irrigation District
333 E. Barioni Blvd. | El Centro, CA 92243

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 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 June 4, 2018 Finance Committee meeting.

3.  Investment Reports
The Committee will review the Monthly Investment Report for the months ended May 31, 2018 and June 30, 2018. The Committee will also review the Quarterly Investment Report for the period ended June 30, 2018. The Committee will recommend forwarding the Reports to the Board for receipt and filing.

4.  Annual Audit
Moss Adams will make a presentation regarding the annual audit for fiscal year end June 30, 2018.

5.  Finance Committee Governance
The Committee will receive a status and discuss the final draft by-law amendment clarifying the governance and structure of the Finance Committee.

6.  Fiscal Agency Agreement
The Committee will receive a status and discuss the draft of the Fiscal Agency Agreement.

7.  Natural Gas Prepay RFP/RFI
The Committee will receive an update from PFM regarding the natural gas prepay banking and gas supply services RFP/RFI.

8.  STS Refunding Update; Review of Board Resolutions
The Committee will receive an update from PFM on the status of the issuances of refunding bonds to refund the STS 2008 Series A Bonds and most of the STS 2009 Series A Bonds (together, the "Refunded Bonds"). In addition, the Committee will review two draft Board Resolutions approving (i) the issuance of bonds to refund the Refunded Bonds and the approval of various related documents and (ii) the adoption of a Continuing Disclosure Board Resolution required by Rule 15c2-12, which relates to the STS refunding bonds to be issued. The Committee will decide whether to forward the Resolutions to the Board for consideration.

9.  Pension and OPEB Funding Levels
The Committee will discuss how to address the Board's directive on funding the shortfalls for pension and OPEB costs.

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

11.  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.

12.  Future Agenda Topics
The Committee members will be given the opporutnity to suggest topics for future Committee meetings.

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.

Dated: August 2, 2018