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
June 8, 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.
WELCOME
CALL TO ORDER
Chair McCann (Chula Vista) called the Finance and Risk Management Committee meeting to order at 3:01 p.m.
ROLL CALL
PRESENT: Chair McCann (Chula Vista), Alternate Director Fisher (Imperial Beach), Director Parent (La Mesa)
ABSENT: None
Also Present: Chief Financial Officer (“CFO”)/Treasurer Washington, General Counsel Baron, City Clerk Wiegelman
PLEDGE OF ALLEGIANCE
Chair McCann (Chula Vista) led the Pledge of Allegiance.
ITEMS TO BE ADDED, WITHDRAWN, OR REORDERED ON THE AGENDA There were no items to be added, withdrawn, or reordered.
MINUTES – FINANCE AND RISK MANAGEMENT COMMITTEE – SAN DIEGO COMMUNITY POWER 2 PUBLIC COMMENTS FOR ITEMS NOT ON THE AGENDA
There were no public comments.
MEETING AGENDA
1. Approval of May 18, 2023 Meeting Minutes
ACTION: Motioned by Alternate Director Fisher (Imperial Beach) and seconded by Director Parent (La Mesa) to approve the minutes of the Finance and Risk Management Committee meeting held Thursday, May 18, 2023. The motion carried by the following vote:
Vote: 3-0
Yes: Chair McCann (Chula Vista), Alternate Director Fisher (Imperial Beach), Director Parent (La Mesa)
No: None
Abstained: None
Absent: None
2. Review of Treasurer’s Report for Period Ending 4/30/23 CFO/Treasurer Washington presented the Treasurer’s Report for period ending April 30, 2023.
Following Committee questions and comments, no action was taken.
3. Approval of the FY 2023-24 Operating Budget
CFO/Treasurer Washington provided a PowerPoint presentation on the FY 2023-24 Operating Budget, highlighting the budget development timeline, net revenues, total expenses, the FY 2024- 2028 Capital Investment Plan, and next steps.
Committee questions and comments ensued.
ACTION: Motioned by Chair McCann (Chula Vista) and seconded by Director Parent (La Mesa) to approve the FY 2023-24 Operating Budget and forward to the Board of Directors for consideration. The motion carried by the following vote:
Vote: 3-0
Yes: Chair McCann (Chula Vista), Alternate Director Fisher (Imperial Beach), Director Parent (La Mesa)
No: None
Abstained: None
Absent: None
MINUTES – FINANCE AND RISK MANAGEMENT COMMITTEE – SAN DIEGO COMMUNITY POWER 3 4. Approval of Remainder of Collections/Delinquency Policy for Residential Customers
Director of Data Analytics and Account Services Utouh provided a PowerPoint presentation on the Collections/Delinquency Policy, highlighting the objectives of the policy, the state of arrearages in the region, the residential arrearages in the region, the state of SDCP arrearages, and the programs assisting customers with arrearages.
ACTION: Motioned by Chair McCann (Chula Vista) and seconded by Director Parent (La Mesa) to approve the remainder of the Collections/Delinquency Policy for Residential Customers and forward to the Board of Directors for consideration. The motion carried by the following vote:
Vote: 3-0
Yes: Chair McCann (Chula Vista), Alternate Director Fisher (Imperial Beach), Director Parent (La Mesa)
No: None
Abstained: None
Absent: None
COMMITTEE MEMBER ANNOUNCEMENTS
There were no announcements.
ADJOURNMENT
Chair McCann (Chula Vista) adjourned the meeting at 3:40 p.m.