MINUTES – FINANCE AND RISK MANAGEMENT COMMITTEE – SAN DIEGO COMMUNITY POWER 1 Finance and Risk Management Committee
San Diego Community Power (SDCP)
City of San Diego Metropolitan Operations Complex (MOC II) Auditorium 9192 Topaz Way, San Diego, CA 92123
MINUTES
May 18, 2023
The Committee minutes are prepared and ordered to correspond to the Committee Agenda. Agenda Items can be taken out of order during the meeting.
The Agenda Items were considered in the order presented.
CALL TO ORDER
Chair McCann (Chula Vista) called the Finance and Risk Management Committee meeting to order at 1:03 p.m.
ROLL CALL
PRESENT: Director Aguirre (Imperial Beach), Director Parent (La Mesa), Chair McCann (Chula Vista)
ABSENT: None
Also Present: Chief Financial Officer (“CFO”)/Treasurer Washington, General Counsel Baron
PUBLIC COMMENTS
There were no public comments.
ITEMS TO BE ADDED, WITHDRAWN, OR REORDERED ON THE AGENDA There were no items to be added, withdrawn, or reordered.
MEETING AGENDA
MINUTES – FINANCE AND RISK MANAGEMENT COMMITTEE – SAN DIEGO COMMUNITY POWER 2 1. Approval of April 13, 2023 Meeting Minutes
ACTION: Motioned by Director Parent (La Mesa) and seconded by Chair McCann (Chula Vista) to approve the April 13, 2023 Meeting Minutes.
Vote: 2-0
Yes: Director Parent (La Mesa), Chair McCann (Chula Vista) No: None
Abstained: Director Aguirre (Imperial Beach)
Absent: None
2. Review of Treasurer’s Report for Period Ending March 31, 2023 CFO/Treasurer Washington presented the Treasurer’s Report for Period Ending March 31, 2023.
Following committee questions and comments, no action was taken.
3. Approval of SDCP Investment Policy
CFO/Treasurer Washington and Senior Finance Manager Manglicmot presented the Framework of the SDCP Debt Policy
Committee questions and comments ensued.
ACTION: Motioned by Chair McCann (Chula Vista) and seconded by Director Aguirre (Imperial Beach) to advance the SDCP Investment Policy to the Board of Directors.
Vote: 3-0
Yes: Director Aguirre (Imperial Beach), Director Parent (La Mesa), Chair McCann (Chula Vista)
No: None
Abstained: None
Absent: None
4. Presentation and Discussion of the FY 2023-24 Operating Budget CFO/Treasurer Washington and Senior Finance Manager Manglicmot presented an overview of the proposed FY 2023-24 Operating Budget.
Committee questions and comments ensued.
ACTION: Motioned by Chair McCann (Chula Vista) and seconded by Director Parent (La Mesa) to advance the FY 2023-24 Operating Budget to the Board of Directors.
Vote: 3-0
MINUTES – FINANCE AND RISK MANAGEMENT COMMITTEE – SAN DIEGO COMMUNITY POWER 3 Yes: Director Aguirre (Imperial Beach), Director Parent (La Mesa), Chair McCann (Chula Vista)
No: None
Abstained: None
Absent: None
COMMITTEE MEMBER ANNOUNCEMENTS
There were no announcements.
ADJOURNMENT
Chair McCann (Chula Vista) adjourned the meeting at 1:38 p.m.