HomeMy WebLinkAbout05.d.1)a) Action Summary-Finance Committee 2-10-14ACTION SUMMARY
Chair Causey
Member Nejedly
Monday, February 10, 2014
3:00 p.m.
Executive Conference Room
5019 Imhoff Place
Martinez, California
BOARD OF DIRECTORS.-
DAVID R. WILLIAMS
President
MICHAEL R. MCGILL
President Pro Tem
PAUL H. CAUSEY
JAMES A. NEJEDLY
TAD J PILE, CKI
PHONE: (925) 228 -9500
FAX.- (925) 372 -0192
www.centralsan.org
PRESENT: Chair Paul Causey, Member Jim Nejedly, General Manager Roger Bailey,
Finance Manager Thea Vassallo, Director of Operations Curt Swanson, Purchasing and
Materials Services Manager Stephanie King (left after Item 3.), Andrew Brown of
HighMark Capital Management (left after Item 5.), Senior Administrative Technician
Christina Gee
1. Call Meeting to Order
Chair Causey called the meeting to order at 3:00 p.m.
2. Public Comments
None.
3. Expenditures
a. Review expenditures dated February 20, 2014
COMMITTEE ACTION: Reviewed and recommended Board approval.
4. Risk Management
a. Review Loss Control Report and discuss outstanding claims
Finance Committee
February 10, 2014
Page 2
b. Discuss new claims, if any
5. Receive presentation from Andrew Brown of HighMark Capital Management on
quarterly report received for the GASB 45 Trust
Mr. Andrew Brown of HighMark Capital Management discussed the Fourth
Quarter 2013 Report with the Committee and summarized the earnings and
investment options for the quarter. He noted that the Investment Guidelines
Document has been signed and processed.
COMMITTEE ACTION: Received presentation.
6. Announcements
a. Next meeting scheduled for Monday, February 24, 2014 at 3:00 p.m.
b. Finance Manager Thea Vassallo announced that she and Finance
Administrator Todd Smithey would be out of the office at a conference in
the coming week; however, staff is continuing to work on the Overhead
Report, following completion of the rate presentation to the Board and
continuing work on the deferred compensation consolidation transition
paperwork.
COMMITTEE ACTION: Received the announcements.
7. Suggestions for future agenda items
None.
8. Adjournment —at 3:31 p.m.