Finance Committee

The C/CAG Finance Committee was established to provide oversight of the C/CAG investment portfolio.  Per the C/CAG Investment Policy adopted on Oct 10, 2013:

“The portfolio should be analyzed not less than quarterly by the C/CAG Finance Committee, and modified as appropriate periodically as recommended by the Finance Committee and approved by the C/CAG Board, to respond to changing circumstances in order to achieve the Safety of Principal.”

The Finance Committee seeks to provide a balance between the various investments and maturities in order to give C/CAG the optimum combination of Safety of Principal, necessary liquidity, and optimal yield based on cash flow projections.

Notice for the November 30, 2022 C/CAG Finance Committee Meeting

Time:  12:00 P.M. Noon

Due to the regional shelter in place order stemming from COVID-19, C/CAG committee meetings will only be available via remote conferencing. The public may participate via a Zoom weblink and/or by phone; details are provided below.

Public Comment: Persons who wish to address the C/CAG Finance committee members at this meeting are asked to submit comments in writing to kwever@smcgov.org by 10:00 AM on Wednesday, November 30, 2022.  Detailed information on how to submit comments is provided in the meeting agenda. Public comment during the meeting will also be accepted. Detailed information is in the meeting agenda.

Join by Zoom: https://us02web.zoom.us/j/85136419787?pwd=VjRCaFBoeU8zcFNKTjRiRkxyWVY3dz09

Meeting ID: 851 3641 9787

Password: 199328

Join by Phone: (669)-900-6833

Meeting ID: 851 3641 9787

Password: 199328

Upcoming Meetings

2022 Finance Committee Calendar

CCAG Investment Policy 2023

None at this time.

Past Meetings

MeetingAgendaMinutes
November 30, 2022 
Agenda
Additional Meeting Materials: 7 A1 Basic Financial Statement FY22, 7 A2 Memo Internal Contral and Required Communications FY22, 8A A1 STIP PPM Audit FY21, 8A A2 STIP PPM Audit FY22, 8B SR_Measure M Audit
August 24, 2022 
Agenda
May 11, 2022 12:00 Noon CANCELED
Agenda
May 11, 2022 11:00 AM SPECIAL
Agenda
February 23, 2022 
AgendaMinutes
December 1, 2021 
AgendaMinutes
Additional Meeting Materials: 7 A1 CCAG Financial Statements FY21, 7 A2 CCAG Memo Internal Control and Required Com FY21, 8A A1 CCAG Single Audit FY21, 8B A1 CCAG Measure M Audit FY21, 8C A1 CCAG TDA Audit FY21
October 18, 2021 -SPECIAL-
AgendaMinutes
August 25, 2021 
AgendaMinutes
Additional Meeting Materials: 8 A1 CCAG Signed Rpt of 2021 Valuation & (Prelim) FYE 2022 GASB 75 Info, 9 A2 CALPERS Actuarial Valuation June 30, 2019- Amortization Schedule and Alternatives (full document)
May 12, 2021 
AgendaMinutes
Additional Meeting Materials: 7 Attachment 4 - Draft Budget Workbook
February 24, 2021 
AgendaMinutes
Additional Meeting Materials: Finance Committee Description_2020
December 2, 2020 
AgendaMinutes
Additional Meeting Materials: 7 A1_CCAG Financial Statements 2020, 7 A2_CCAG FY2020 MOIC Final 11.6.20, 7 A2_CCAG FY2020 RC Final 11.6.20, 8 A1_CCAG Single Audit 2020, 9 A1_CCAG FY020 PPM Final 11.6.20, 10 A1_San Carlos CCAG Measure M 11.5.2020
August 26, 2020 
AgendaMinutes
Additional Meeting Materials: Item 8 Attachment_Signed 2019 OPEB Report (Funding & FYE 20 GASB 75)
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Staff Support

Kim Wever – kwever@smcgov.org (650) 599-1451

Committee Members

Jurisdiction Member
Belmont Davina Hurt (C/CAG Chair)
Burlingame Ricardo Ortiz (C/CAG Vice Chair)
Burlingame Donna Colson (Committee Chair)
East Palo Alto Carlos Romero
San Carlos Adam Rak (Committee Vice Chair)