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Agenda 20241112 B&F

BOARD OF DIRECTORS' MEETING AGENDA

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AGENDA

Budget and Finance Committee Meeting

Board Room 3707 Old Highway 395

Fallbrook, CA 92028


Tuesday, November 12, 2024

1:00 PM

  1. ‌CALL TO ORDER


  2. ‌PLEDGE OF ALLEGIANCE


  3. ‌ROLL CALL:  Flint Nelson (Chair), Bill Stewart (Vice Chair), Members Peter Hensley and Patti Townsend- Smith, Alternate Chad Williams

  4. SEATING OF ALTERNATES


  5. ‌ADDITIONS/DELETIONS/AMENDMENTS TO THE AGENDA


  6. ‌APPROVAL OF THE AGENDA


  7. ‌PUBLIC COMMENT

    Any person may address the Committee at this time upon any subject not identified on this Agenda, but within the jurisdiction of Rainbow Municipal Water District; however, any matter that requires action will be referred to staff for a report and action at a subsequent meeting. As to matters on the Agenda, an opportunity will be given to address the Committee when the matter is considered.

    Members of the public may make comments in person by submitting a Speaker Slip to the Board Secretary, virtually through virtual or teleconference options, or by submitting an email to tquintanar@rainbowmwd.ca.gov no less than one hour prior to the posted start time of the meeting. Comments shall be made in an orderly manner, and profanity, slander, or abusive language which is disruptive to the meeting will not be tolerated. Individuals have a limit of three

    (3) minutes to make comments and will have the opportunity when called upon by the presiding officer.


  8. APPROVAL OF MINUTES

    1. October 9, 2024


  9. COMMENTS & REQUESTS


    1. General Manager’s Comments

    2. Finance Manager’s Comments

    3. Committee Member’s Comments

  10. CONSIDER A RESOLUTION APPROVING AND AUTHORIZING THE EXECUTION AND DELIVERY OF AN INSTALLMENT PURCHASE AGREEMENT WITH U.S. BANK FOR FINANCING FIFTEEN MILLION EIGHT HUNDRED THOUSAND DOLLARS FOR THE EXIT FEE FROM THE SAN DIEGO COUNTY WATER AUTHORITY

  11. DISCUSSION OF FINANCIAL OPTIONS FROM ONE TIME SAVINGS FROM EARLY DETACHMENT FROM THE SDCWA

  12. CONSIDERATION  OF  THREE  RATE  RELATED  ACTIONS:   (1)  ADOPTION  OF  A RESOLUTION  RECLASSIFYING  PSAWR  CUSTOMERS  TO  AGRICULTURE  AND LOWERING AGRICULTURE WATER RATES, (2) PROVIDING DIRECTION TO STAFF TO NOT IMPLEMENT THE 3.6% IMPORTED WATER COST INCREASE PASS-THROUGH RATE INCREASE ON JANUARY 1, 2025, AND (3) ADOPTION OF AN ORDINANCE AMENDING ORDINANCE NO. 23-04 REVISING PROVISIONS RELATING TO CONSTRUCTION WATER RATES


  13. REVIEW OF THE FISCAL YEAR (FY) 2024-2025 BUDGET

  14. REVIEW OF MONTHLY FINANCE PACKET


  15. SUGGESTED AGENDA ITEMS FOR THE NEXT MEETING


  16. ADJOURNMENT - To Tuesday, December 17, 2024, at 1:00 p.m.


ATTEST TO POSTING:


/s/Terese Quintanar                               11/8/2024 7:40 AM                  Terese Quintanar                Date and Time of Posting

Secretary of the Board             Outside Display Cases


Rainbow Municipal Water District (RMWD) provides remote attendance options solely as a matter of convenience to the public. RMWD will not stop or suspend its in-person public meeting should a technological interruption occur with respect to the zoom or call-in line listed on the agenda. We encourage members of the public to attend meetings in-person at 3707 Old Highway 395, Fallbrook, CA 92028, or remotely utilizing the options below:

For Online Participation:

Go to: https://rainbowmwd.zoom.us/j/81793411953

If members of the public attending virtually would like to ask a question or make a comment on any item listed on this agenda, please utilize the “Raise Hand” button, located at the bottom of the screen. We will be alerted that they would like to speak. When called upon, please unmute the microphone and ask the question or make comments in no more than three minutes.

For Call-in Only:

Call: (669) 900-6833,or (669) 444-9171,or

(309) 205-3325, or (312) 626-6799, or

(564) 217-2000, or (689) 278-1000

Meeting ID: 817 9341 1953

Those who have joined by dialing a number on their telephone, can dial *9 to alert us of a request to speak, and

*6 to unmute, once called upon by the presiding officer.

In accordance with the requirements of California Government Code Section 54954.2, this agenda has been posted at the District’s Administrative offices not less than 72 hours prior to the meeting date and time above. All public records relating to each agenda item, including any public records distributed less than 72 hours prior to the meeting to all, or a majority of all, of the members of District’s Board, are available for public inspection in the office of the District Secretary, 3707 Old Highway 395, Fallbrook, CA 92028


If you have special needs because of a disability which makes it difficult for you to participate in the meeting or you require assistance or auxiliary aids to participate in the meeting, please contact the District Secretary, (760) 728-1178, by at least noon on the Friday preceding the meeting. The District will attempt to make arrangements to accommodate your disability.

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