Entry No. 1
PIONEER COMMUNITY ENERGY
AUDIT & FINANCE COMMITTEE
May 11, 2022
Minutes
Heard General Administrative Functions, Part I.
Call to Order
Pioneer Community Energy Audit & Finance Committee met in open session at 1: 01 PM on May 11, 2022. Pursuant to Government Code section 54953(e) and other applicable provisions of the Brown Act, the meeting was conducted via live streamed teleconference accessed and viewed at the following web link: https ://us06web.zoom.us/i/83809010684.
In order to protect public health and the safety of our Placer County and El Dorado County citizens, the Public Comment for the Pioneer Audit & Finance Committee Meeting will be offered through the Zoom platform. Public access to The Pioneer Audit & Finance Committee Meeting will be entirely by remote audio/visual participation. Therefore, the meeting will be closed to in-person public participation.
Citizens who wish to comment should be prepared to use the Zoom platform via computer or telephone. Public Comment will be opened for each agenda item in sequence, so be prepared to call in for the specific item you wish to comment on when the Committee Chair announces the item. Calls will not be connected if Public Comment has been closed for that item, and callers will be directed to call back if they are calling for a later agenda item.
Roll Call
p A Title Name
X Cha ir Greg Janda, City of Rocklin
X Vice Chair Jeff Duncan, Town of Loomis
X Member Dan Karleskint, City of Lincoln
X Member Dennis Thomas, City of Placerville
Public Comment
There were no comments from the public for items not listed on this agenda.
Agenda Review
Reviewed the meeting agenda for May 11, 2022, with no amendments made to the agenda.
Entry No. 2
Acted on the Consent Agenda as follows:
Approved Minutes of the March 3, 2022 Audit & Finance Committee meeting.
MOTION: Duncan/Thomas. Vote: 4:0:0
ROLL CALL VOTE: Duncan, Janda, Karleskint, Thomas.
No/ Abstain: None.
Absent: None.
Entry No. 3
Received presentation of the FY 2022-23 proposed Budget and provided feedback to be incorporated with the Recommended Budget for Board approval on June 16, 2022.
Entry No. 4
Received presentation of the Long-Term Power Prepay Update; and were informed of the next steps including 1) the Financial Advisor presentation of the Power Prepay Introduction and notifying Board of Prepaid Supplier RFP award at the May Board meeting; and 2) presentation of the Legal Counsel contracts for approval at the June Board meeting.
Audit & Finance Committee
May 11, 2022
Entry No. 5
To provide liquidity and broaden the pool of energy suppliers, the Audit and Finance Committee recommends that the Board approve 1) Obtaining a Line of Credit and Letter(s) of Credit from Umpqua Bank; and 2) Authorizing the Executive Director to execute all documents deemed necessary to consummate the necessary agreements.
MOTION: Duncan/Karleskint. Vote: 4:0:0
ROLL CALL VOTE: Duncan, Janda, Karleskint, Thomas.
No/Abstain: None.
Absent: None.
Entry No. 6
Heard General Administrative Functions, Part II.
The meeting adjourned at 2:43 PM.
ATTEST:
Minutes approved as presented by a majority vote of the Audit & Finance Committee on September 19, 2022.
Teresa Willock, Board Secretary