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

COMMITTEE MEETING

AND

PLAN ADMINISTRATOR MEETING

 

APRIL 24, 2007

7:30 a.m.

 

CALL TO ORDER – Chairman Goldman

 

PLEDGE OF ALLEGIANCE – Committee Member Werner

 

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

APRIL 24, 2007

 

1.         Approval of Minutes

 

The Engineering and FIC Committee will consider approving minutes for the March 20, 2007 Engineering/Finance and Insurance and Plan Administrator Committee Meetings.

 

Recommended Board Action for the April 26, 2007 Meeting: Approve minutes for the March 20, 2007 Engineering/Finance and Insurance and Plan Administrator Committee meetings and place on the Engineering/Finance and Insurance approval list for the April 26, 2007 meeting of the Board of Directors.

 

Committee Recommendation: The Committee will consider placing this item on the Engineering/Finance and Insurance Committee approval list for Thursday’s 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.         Hydro-Excavator Vehicle Inspection and Operating Overview (Oral Report)

 

Staff will provide the Directors with a field inspection and operational overview of the recently procured Hydro-Excavator that is utilized by the Operations Department to facilitate safe, efficient and regulatory compliant excavations within public and private right-of-way.  The field inspection will take place immediately following the Engineering and Finance/Insurance Committee meeting.

 

4.         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

April 24, 2007

 

CALL MEETING TO ORDER – Chairman Martin

 

5.         Insurance Update Report Dated April 24, 2007 (Reference Material Included)

 

Linda Mansouri will review and comment on her Insurance Report for the period January 1, 2007 through March 31, 2007.

 

TREASURER ACTION ITEMS

 

6.         Financial Package - Authorization to Approve Bills for Consideration Dated April 24, 2007 and Receive and File Financial Statements as of March 31, 2007 (Reference Material Included)

 

Staff will review and comment on the Bills for Consideration dated April 24, 2007 and Receive and File Financial Statements as of March 31, 2007.

 

Recommended Board Action for the April 26, 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 April 24, 2007, and 2) receive and file the Financial Statements as of March 31, 2007 and place on the Engineering, Finance/Insurance approval list for the April 26, 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.

 

7.         Southern California Alliance of Publicly Owned Treatment Works (SCAP) Membership Renewal (Reference Material Included)

 

Staff will comment on renewing the District’s membership in the Southern California Alliance of Publicly Owned Treatment Works (SCAP).

 

Recommended Board Action for the April 26, 2007 Board Meeting: Staff recommends that the Board consider renewing the District’s annual membership in the Southern California Alliance of Publicly Owned Treatment Works (SCAP) in the amount of $3,264.

 

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.

 

8.         South Orange County Regional Chambers of Commerce Sponsorship Renewal (Reference Material Included)

 

Staff will comment on renewing the District’s Chairman Circle sponsorship in the South Orange County Regional Chambers of Commerce.  The Chamber provides interface between the District and cities, businesses and community interests.

 

Recommended Board Action for the April 26, 2007 Board Meeting: Staff recommends that the Board consider renewing the District’s annual Chairman Circle sponsorship in the South Orange County Regional Chambers of Commerce in the amount of $5,000.

 

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.

 

9.         Caporicci & Larson Audit Engagement Letter (Reference Material Included)

 

Staff will review and comment on the Caporicci & Larson Audit Engagement Letter for the year ending June 30, 2007.

 

Recommended Board Action for the April 26, 2007 Board Meeting: Staff recommends that the Board consider approving the Caporicci & Larson Audit Engagement Letter.

 

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.

 

TREASURER INFORMATION ITEMS

 

10.       Government Accounting Standards Board Statement Number 45 (GASB #45) (Reference Material Included)

 

Staff will review with the Board the new reporting requirements dictated by GASB # 45 and will review the draft actuarial which calculates the unfunded cost associated with employee post retirement medical benefits.  

 

11.       457 Deferred Compensation Plan as it Relates to Statutory Employees (Directors) and Social Security (Reference Material Included)

 

Staff will provide an update on the 457 Deferred Compensation Plan as it relates to statutory employees (Directors) and Social Security.

 

Comments Regarding Non-Agenda FIC Items

 

CLOSE FINANCE AND INSURANCE COMMITTEE MEETING

 

 

PLAN ADMINISTRATOR MEETING

DECEMBER 26, 2006

 

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.

 

12.       Employee Request for Hardship Distribution (Oral)

 

Mr. Grandy will comment on the approved request from an employee for a hardship disbursement from the District’s 401(k) Retirement Plan.  The employee’s application met all the requirements for withdrawal of funds from

their contribution.

 

Staff Recommendation:  Staff recommends that the Board ratify the above request for hardship disbursement from the District’s 401(k) Retirement Plan.

 

CLOSE PLAN ADMINISTRATOR MEETING

 

REGULAR SESSION

 

ADJOURNMENT TO 7:30 a.m., Tuesday May 22, 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.