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Hidden Valley Lake finance committee recommends board review of updates to Investment Policy #2402
Summary
At its July 8, 2025, meeting the Hidden Valley Lake Community Services District Finance Committee reviewed June financials, received project updates and recommended the Board consider proposed updates to Investment Policy #2402; staff also agreed to revise the financial report format.
Hidden Valley Lake Community Services District Finance Committee members met at the district office on July 8, 2025, and reviewed the district's monthly financial reports and project updates before recommending that the Board consider proposed updates to Investment Policy #2402.
Director Gary Graves called the meeting to order at 12:30 p.m. Present were Director Gary Graves (Chair), Director Jim Freeman, General Manager Paul Kelley, Accounting Supervisor Trish Wilkinson, Project Manager Hannah Davidson and Water Resources Specialist Kelly Reese; Administrative Services Manager Penny Cuadras was absent.
Staff presented the financial reports for the period ending June 30, 2025. Accounting Supervisor Trish Wilkinson and General Manager Paul Kelley answered committee questions about the reports and disbursements. Committee members suggested edits to the Financial Staff Report format to improve clarity; staff acknowledged those suggestions for future meeting materials.
Project Manager Hannah Davidson and Water Resources Specialist Kelly Reese provided updates on ongoing district projects and responded to committee inquiries about timelines and status. The minutes do not record detailed timelines or dollar amounts for individual projects.
The committee discussed proposed updates to Investment Policy #2402. After discussion the committee recommended that the Board consider the proposed updates; the minutes indicate staff will forward the recommendation to the full Board for its consideration. The minutes do not record a formal vote on the policy recommendation.
No members of the public were present for the public comment period. Director Jim Freeman moved to adjourn at 1:33 p.m.; Director Gary Graves seconded. The meeting adjourned at 1:33 p.m.
Next steps: staff will forward the committee's recommendation on Investment Policy #2402 to the Board for consideration and will adjust the Financial Staff Report format for future committee packets.
