MEETING MINUTES – FINANCE AND RISK MANAGEMENT COMMITTEE –COMMUNITY POWER– MARCH 20, 2025
FINANCE AND RISK MANAGEMENT COMMITTEE
SAN DIEGO COMMUNITY POWER (COMMUNITY POWER)
City of Chula Vista
Council Chambers, 276 Fourth Avenue, Chula Vista, CA
Regular Meeting Minutes
March 20, 2025
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WELCOME
CALL TO ORDER
Interim Chair Yamane called the Finance and Risk Management Committee meeting to order at 3:01 p.m.
ROLL CALL
PRESENT: Interim Chair Yamane, City of National City; Director Inzunza, City of Chula Vista; and Director Suzuki, City of La Mesa
ABSENT: None
STAFF PRESENT: Chief Financial Officer/Treasurer Dr. Washington; General Counsel Tyagi; Senior Financial Analyst Do; Clerk of the Board Hernandez; and Assistant Clerk of the Board Vences
PLEDGE OF ALLEGIANCE
Interim Chair Yamane led the Pledge of Allegiance.
ITEMS TO BE ADDED, WITHDRAWN, OR REORDERED ON THE AGENDA There were no items added, withdrawn, or reordered on the agenda.
PUBLIC COMMENTS FOR ITEMS NOT ON THE AGENDA
Scott Andrews, Neighborhood National Bank representative, provided public comments.
CONSENT CALENDAR
1. Approve February 20, 2025, Meeting Minutes
MEETING MINUTES – FINANCE AND RISK MANAGEMENT COMMITTEE –COMMUNITY POWER– MARCH 20, 2025 There were no public comments on Consent Item No. 1.
Motioned by Director Inzunza and seconded by Director Suzuki to approve Consent Item No. 1. The motion carried unanimously as follows:
AYES: Interim Chair Yamane, Directors Inzunza and Suzuki NOES: None
ABSTAINED: None
ABSENT: None
REGULAR AGENDA
2. Appointment of a Chair and Vice Chair to the Finance and Risk Management Committee
Dr. Washington presented Item No. 2, Appointment of a Chair and Vice Chair to the Finance and Risk Management Committee.
Interim Chair Yamane requested nominations for Chair and Vice Chair of the Finance and Risk Management Committee.
There were no public comments on Item No. 2.
Motioned by Director Inzunza and seconded by Director Suzuki to approve the appointment of Director Yamane as Chair and Director Suzuki as Vice Chair to the Finance and Risk Management Committee (FRMC). The motion carried unanimously as follows:
AYES: Chair Yamane, Vice Chair Suzuki, and Director Inzunza NOES: None
ABSTAINED: None
ABSENT: None
3. Treasurer’s Report for Period Ending January 31, 2025 Dr. Washington and Mr. Do presented the Treasurer’s Report for Period Ending January 31, 2025.
There were no public comments on Item No. 3.
Following Committee questions, discussion and comments, Item No. 3 was received and filed.
MEETING MINUTES – FINANCE AND RISK MANAGEMENT COMMITTEE –COMMUNITY POWER– MARCH 20, 2025
COMMITTEE MEMBER ANNOUNCEMENTS
None.
ADJOURNMENT
The Finance and Risk Management Committee was adjourned at 3:39 p.m. to the next meeting scheduled for Thursday, April 17, 2025, at 3:00 p.m. ____________________________________
Sandra Vences, Assistant Clerk of the Board