I hereby certify that the following agenda

was posted at least 72 hours prior to the time

of the meeting so noticed below at 24251 Los                                                                              

Alisos Boulevard, Lake Forest, California.

 

                                                                                                                                               

                                                                                                                                               

Robert R. Hill, Assistant Secretary of the

El Toro Water District and the Board of

Directors thereof

 

AGENDA

 

EL TORO WATER DISTRICT
ENGINEERING AND

FINANCE/INSURANCE

AND

PLAN ADMINISTRATOR MEETING

 

MARCH 20, 2007

7:30 a.m.

 

CALL TO ORDER – Chairman Goldman

 

PLEDGE OF ALLEGIANCE – Committee Member Dudley

 

ORAL COMMUNICATION/PUBLIC COMMENT

Members of the public may address the Committee at this time or they may reserve this opportunity with regard to an item on the agenda until said item is discussed by the Committee.  Comments on other items will be heard at the time set aside for “COMMENTS REGARDING NON-AGENDA ITEMS.”  The public will identify themselves when called on and limit their comments to three minutes.

 

ENGINEERING COMMITTEE

MARCH 20, 2007

 

1.         Approval of Minutes

 

The Engineering and FIC Committee will consider approving minutes for the February 20, 2007 Engineering and Finance/Insurance Committee Meeting.

 

Recommended Board Action at the March 22, 2007 Meeting: Approve minutes for the February 20, 2007 Engineering and Finance/Insurance

Committee meeting and place on the Engineering and Finance/Insurance approval list for the March 22, 2007 meeting of the Board of Directors.

 

Committee Recommendation: The Committee will consider placing this item on the Engineering and Finance/Insurance Committee approval list for the Regular meeting of the Board of Directors.

 

ENGINEERING ACTION ITEMS

 

            There are no action items.

 

ENGINEERING GENERAL INFORMATION ITEMS

 

2.         El Toro Water District Capital Project Status Report

            (Reference Material Included)

 

Mr. Cafferty will review and comment on the El Toro Water District Capital Project Status Report.

 

3.         Engineering Items Discussed at Various Conferences and Meetings

 

            The Committee will discuss any pertinent Engineering items discussed at Conferences.

 

COMMENTS REGARDING NON-AGENDA ENGINEERING COMMITTEE ITEMS

 

CLOSE ENGINEERING COMMITTEE MEETING

 

 

FINANCE/INSURANCE COMMITTEE MEETING

March 20, 2007

 

CALL MEETING TO ORDER – Chairman Martin

 

TREASURER ACTION ITEMS

 

4.         Financial Package - Authorization to Approve Bills for Consideration Dated March 20, 2007 and Receive and File Financial Statements as of February 28, 2007  (Reference Material Included)

 

Staff will review and comment on the Bills for Consideration dated March 20, 2007 and receive and file Financial Statements as of February 28, 2007.

 

Recommended Board Action for the March 22, 2007 Board Meeting: Staff recommends that the Board: 1) Approve, ratify and confirm payment of those bills as set forth in the schedule of Bills for Consideration dated March 20, 2007, and

2) Receive and file Financial Statements as of February 28, 2007 and place on the Engineering, Finance/Insurance approval list for the March 22, 2007 meeting of the Board of Directors.

 

Committee Recommendation: The Committee will consider placing this matter on the Engineering, FIC Committee recommended approval list for the Regular meeting of the Board of Directors.

 

5.         El Toro Water District’s Quarterly Audit Report for October, November, December 2006 (Reference Material Included)

 

Staff will review and comment on Caporicci & Larson’s Quarterly Audit Report of ETWD’s Financial Statements for the period October 1, 2006 through December 31, 2006.

 

Recommended Board Action for the March 22, 2007 Board Meeting:  The Committee will consider receiving and filing Caporicci & Larson’s Quarterly Audit Report of ETWD’s Financial Statements for the period October 1, 2006 through December 31, 2006.

 

Committee Recommendation: The Committee will consider placing this matter on the Engineering, FIC Committee recommended approval list for the Regular meeting of the Board of Directors.

 

6.         California Asset Management Trust (Reference Material Included)

 

Staff will review and comment on the California Asset Management Trust to approve or reject the appointment by the Trust’s Board of Trustees of seven Trustees for the ensuing year.

 

Recommended Board Action for the March 22, 2007 Board Meeting:  Staff recommends that the Board approve the appointment of the seven Trustees for the ensuing year.

 

Committee Recommendation:  The Committee will consider placing this matter on the Engineering, FIC Committee recommended approval list for the Regular meeting of the Board of Directors.

 

TREASURER INFORMATION ITEMS

 

7.         Budget Status Report (Reference Material Included)

 

            Staff will review and comment on the 2007-2008 Budget Schedule.

 

Recommended Board Action for the March 22, 2007 Board Meeting:  Staff recommends that the Board approve the 2007-2008 Budget Schedule.

 

Committee Recommendation:  The Committee will consider placing this matter on the Engineering, FIC Committee recommended approval list for the Regular meeting of the Board of Directors.

 

Comments Regarding Non-Agenda FIC Items

 

CLOSE FINANCE AND INSURANCE COMMITTEE MEETING

 

PLAN ADMINISTRATOR MEETING

March 20, 2007

 

At this time President Martin will call for a meeting of the Plan Administrator of the El Toro Water District’s Retirement Savings Plan and Trust Agreement.

 

8.         Staff will review and comment on the proposed restatement of the 401(K) Employee Retirement Savings Plan.  

 

CLOSE PLAN ADMINISTRATOR MEETING

 

REGULAR SESSION

 

ADJOURNMENT TO 7:30 a.m, Tuesday April 24, 2007

 

Request for Disability-Related Modifications or Accommodations

 

If you require any disability-related accommodation, including auxiliary aids or services, in order to participate in this public meeting, please telephone the District's Recording Secretary, Polly Welsch at (949) 837-7050, extension 225 at least forty-eight (48) hours prior to said meeting.  If you prefer, your request may be submitted in writing to El Toro Water District, P.O. Box 4000, Laguna Hills, California 92654, Attention: Polly Welsch.