ANNUAL REVIEW OF INVESTMENT POLICIES The

Staff Report & Agenda Item Details

ANNUAL REVIEW OF INVESTMENT POLICIES The board conducted an annual review of the District's investment policies and investment strategies. The District's investment officer and auditor are not recommending any revisions. After discussion, upon motion by Mr. Whisler, seconded by Mr. Armand, and unanimously carried, the board adopted the attached Resolution Reviewing Investment Policy and Investment Strategies. TAX ASSESSOR'S REPORT Debbie Bessire of Equi-Tax, Inc., the District's tax assessor, reported as to the status of District tax collections and responded to questions from the board. Ms. Bessire reported that the District is 93.2% collected for 2021 taxes, and over 99% collected for all prior years. After discussion, upon motion by Mr. Whisler, seconded by Mr. Rochow, and unanimously carried, the board approved the tax assessor's report and payment of the tax bills presented. BOOKKEEPER'S REPORT Kim Shelnutt of Myrtle Cruz, Inc., the District's bookkeeper, presented their monthly reports for the District, the wastewater treatment plant, and the water plant, which she reviewed with the board. The reports included listings of bills for the approval of payment, a copy of which is attached hereto. After discussion, upon motion by Mr. Whisler, seconded by Mr. Armand, and unanimously carried, the board approved said bills and ordered checks issued on the appropriate District accounts in payment thereof. 3 OPERATOR'S REPORT Charles Townsend of Water District Management Company (“WDM”), the District's operators, reported to the board regarding District operations and facilities. Mr. Townsend reviewed his written report with the board and responded to questions. Mr. Townsend presented requests by the customers at 3614 Fair Valley and 4208 Canterwood Dr. for bill adjustments. The board unanimously authorized an adjustment for the account at 3614 Fair Valley, but suggested that the homeowner may not want to use their one-time adjustment for such a small amount, as the cred

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 2.4/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.