Special Meeting of the Audit and Finance Committee of the Peninsula Clean Energy Authority (PCEA)
Minutes
Monday, August 12, 2024
10:00 a.m.
Zoom Video Conference and Teleconference
CALL TO ORDER
Meeting was called to order at 10:06 a.m. in virtual teleconference, in the Peninsula Clean Energy Authority lobby, and is Los Banos City Hall Conference Room B.
ROLL CALL
Participating:
Tom McCune, Belmont Participating under AB 2449
Donna Colson, Burlingame,
Carlos Romero, East Palo Alto, Chair
Leslie Ragsdale, Hillsborough
Paul Llanez, Los Banos
Absent:
A quorum was established.
PUBLIC COMMENT: None
Motion to Approve Remote Participation under AB 2449 for Director Tom McCune Director Colson moved, seconded by Director Romero to allow Tom McCune to Participate remotely MOTION PASSED: 5-0 (Absent: 0)
JURISDICTION BOARD MEMBER YES NO ABSTAIN ABSENT
Belmont Director McCune X
Burlingame Director Colson X
East Palo Alto Director Romero X
Hillsborough Director Ragsdale X
Los Banos Director Llanez X
Totals 5
ACTION TO SET AGENDA AND TO APPROVE CONSENT AGENDA ITEMS Public Comment: None
MOTION: Director Ragsdale moved, seconded by Director Colson to set the Agenda and approve Agenda Item Number 1.
1. Approval of the Minutes for the May 13, 2024 Meeting MOTION PASSED: 5-0 (Absent: 0)
JURISDICTION BOARD MEMBER YES NO ABSTAIN ABSENT
Belmont Director McCune X
Burlingame Director Colson X
East Palo Alto Director Romero X
Hillsborough Director Ragsdale X
Los Banos Director Llanez X
Totals 5
REGULAR AGENDA
2. Chair Report
Carlos Romero, Chair of the Audit and Finance Committee gave a brief chair report.
3. Staff Report
Nick Bijur, Chief Financial Officer, provided an update to the Committee on Prepay Transaction, and the JP Morgan / First Republic Bank Integration.
4. Q4 Fiscal Year 2024 Financial Report (Quarter Ending June 30, 2024) (Discussion) Nick Bijur, Chief Financial Officer, provided an update to the Committee on the Q4 Fiscal Year 2024 Financial Report.
Public Comment: None
5. Committee Members’ Reports
None.
ADJOURNMENT
Meeting was adjourned at 10:45a.m.