Finance Committee Materials
4/26/2017 9:25:06 AM
4/26/2017 9:25:05 AM
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TO:Board of Directors <br />FROM:Bill D. Carnahan <br />SUBJECT:Finance Committee Report <br />DATE:March 4, 2013 <br />A meeting of the Finance Committee was held on March 4, 2013, at the SCPPA office in Glendora. <br />Committee members present were:Ed Zacherl (Anaheim);Bob Liu (Burbank);Eric Campbell <br />(Glendale); Mario Ignacio (LADWP); Tunji Adedeji (Pasadena); Laura Nomura (Riverside); Bill Fox <br />(Vernon). <br />Others present were:Stephen Cole (Fulbright & Jaworski); Mike Berwanger, Dan Hartman (via <br />teleconference), and Will Frymann (Public Financial Management);Therese Savery (LADWP/SCPPA); <br />Vernon Oates, Daniel Hashimi and Rick Morillo (SCPPA). <br />1.Investment Report <br />The Committee reviewed the Investment Report for the month ended January 31, 2013. The <br />Committee recommended forwarding the report to the Board for receipt and filing. <br />2.Financial Statements <br />The Committee reviewed the Quarterly Financial Statements for the quarter ended December 31, <br />2012. The Committee recommended forwarding the report to the Board for receipt and filing. <br />3.Multiple Project Revenue Bonds <br />The discussion regarding the transfer of the moneys in the Multiple Project Proceeds Account was <br />tabled until the next Finance Committee meeting. <br />4.Gas Prepay Project Unsolicited Proposal <br />PFM (Public Financial Management) updated the Committee on the progress of the debt restructuring <br />as proposed by Goldman Sachs. Negotiations are progressing, with the final closing expected in May, <br />2013.
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