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Finance committee reviews banking services proposals, will recommend option to Board
Summary
The Hidden Valley Lake CSD Finance Committee reviewed multiple proposals for banking services on May 13, 2026, and agreed to forward a recommendation to the full Board after staff follow-up and comparison of the proposals.
The Hidden Valley Lake Community Services District Finance Committee reviewed competing proposals for banking services during its May 13, 2026, meeting and agreed to forward a recommendation to the full Board.
The committee heard staff presentations comparing the proposals and discussed the factors the Board should consider before selecting a banking partner. General Manager Paul Kelley and Accounting Supervisor Trish Wilkinson provided the information and answered Committee questions about timing and next steps.
The discussion did not include a formal vote; the minutes note that the Committee will make a recommendation to the Board. Representatives from West American Bank provided comments during the public‑comment period specific to the banking services agenda item.
The Board will receive the Committee’s recommendation at a future meeting when staff present a formal recommendation and any supporting contract terms or fee summaries.
