January 13, 2005, 8:15 AM

1. Call to Order

The meeting was called to order at 8:25AM in the District Conference Room.

Committee members present: Alvin Edwards

Larry Foy

Committee members absent: Judi Lehman

Staff members present: David Berger

Rick Dickhaut

Sara Reyes

2. Oral Communications Anyone wishing to address the committee on a matter not listed on the agenda may do so during oral communications. Public comment on any other matter listed on the agenda is appropriate at the time the item is being discussed by the committee.

No public comment was received.

3. Items on Board Agenda for January 27, 2005

Approve Annual Update of Investment Policy

Rick Dickhaut, Chief Financial Officer/Administrative Services Manager gave a brief report on this item. No discussion occurred from the committee. The committee approved 2 to 0. Director Lehman was absent from this meeting.

Adopt Treasurer’s Report for the Month of November 2004

No discussion from the committee occurred on this item. The committee approved 2 to 0. Director Lehman was absent from this meeting.

4. Other Business

Review Draft January 27, 2005 Board Meeting Agenda

The committee reviewed the draft agenda and made no changes. General Manager Berger reported two items would be listed under the General Manager’s Report; 1) Review and Discuss Modifications to the Expanded Water Conservation and Standby Rationing Plan and 2) District Engineer’s Report on Carmel River Emergency Erosion Protection Work.

5. Director Comments/Future Items

Schedule February and March 2005 Administrative Committee Meetings

The February Administrative Committee meeting was scheduled for Monday, February 7, 2005 at 8:15 AM. The March Administrative Committee meeting was scheduled for Friday, March 11, 2005 at 8:15 AM.

6. Adjournment

The meeting was adjourned at 8:40 AM.

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