MEETING MINUTES – FINANCE AND RISK MANAGEMENT COMMITTEE – SAN DIEGO COMMUNITY POWER– MAY 16, 2024 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
Meeting Minutes
May 16, 2024
________________________________________________________________________________________ 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 (City of Chula Vista) called the Finance and Risk Management Committee meeting to order at 3:01 p.m.
ROLL CALL
PRESENT: Chair McCann (City of Chula Vista), Director Yamane (City of National City), and Director Aguirre (City of Imperial Beach)
ABSENT: None
Also Present: Chief Financial Officer (CFO)/Treasurer Washington, General Counsel Tyagi, Assistant Clerk of the Board Vences
PLEDGE OF ALLEGIANCE
Director Aguirre 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ITEMS TO BE ADDED, WITHDRAWN, OR REORDERED ON THE AGENDA There were no items to be added, withdrawn, or reordered on the agenda.
PUBLIC COMMENTS FOR ITEMS NOT ON THE AGENDA
There were no public comments.
MEETING MINUTES – FINANCE AND RISK MANAGEMENT COMMITTEE – SAN DIEGO COMMUNITY POWER– MAY 16, 2024 2 CONSENT CALENDAR
1. Approve April 11, 2024, Meeting Minutes
Motioned by Director Aguirre (City of Imperial Beach) and seconded by Director Yamane (City of National City) to approve the minutes of the Finance and Risk Management Committee meeting held Thursday, April 11, 2024.
The motion carried unanimously by the following vote:
AYES: Chair McCann (City of Chula Vista), Director Aguirre (City of Imperial Beach), and Director Yamane (City of National City)
NOES: None
ABSTAINED: None
ABSENT: None
MEETING AGENDA
2. Review of Treasurer’s Report for Period Ending March 31, 2024 CFO/Treasurer Washington presented the Treasurer’s Report for the period ending March 31, 2024.
There were no Committee questions or comments, and no action was taken.
3. Presentation and Discussion of the FY 2024-25 Operating Budget CFO/Treasurer Washington presented the budget highlights, development, principles, draft budget summary for FY 2024-25 operating budget.
Following Committee questions and comments, no action was taken.
4. Recommend Board Approval of Power100 Green-e Certified Service Senior Director of Data Analytics and Customer Operations Lucas Utouh and Managing Director Power Services, Byron Vosburg, provided an overview of Power100 Green-e Certified Service, including PowerOn and Power100, customer feedback and needs, service offering details, and proposed Board approval of Power100 Green-e Certified Service.
Following Committee questions and comments, the following action was taken:
Motioned by Chair McCann (City of Chula Vista) and seconded by Director Aguirre (City of Imperial Beach) to recommend Board approval of Power100 Green-e Certified Service. The motion carried unanimously by the following vote:
AYES: Chair McCann (City of Chula Vista), Director Aguirre (City of Imperial Beach), and Director Yamane (City of National City)
NOES: None
ABSTAINED: None
ABSENT: None
MEETING MINUTES – FINANCE AND RISK MANAGEMENT COMMITTEE – SAN DIEGO COMMUNITY POWER– MAY 16, 2024 3 Committee Member Announcements
Director Aguirre (City of Imperial Beach) suggested exploring the possibility of moving the FRMC meetings to the South Bay.
ADJOURNMENT
Chair McCann (City Chula Vista) adjourned the meeting at 3:34 p.m. to the next Finance and Risk Management Committee meeting scheduled on Thursday, June 20, 2024. ____________________________________
Sandra Vences, Assistant Clerk of the Board