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Special Finance Committee Meeting

November 30 @ 12:00 pm - 1:00 pm

REGIONAL ACCESS PROJECT FOUNDATION
SPECIAL FINANCE/INVESTMENT COMMITTEE MEETING
 Monday  November 30, 2020 at 12:00 AM
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CALL-IN Information 1 669 900 6833 Meeting ID: 863 6285 9304

This meeting is being conducted utilizing teleconferencing and electronic means only.  There will not be a physical location.  Members of the public may be able to participate by telephone, using the following dial-in information:1 669 900 6833 Meeting ID: 863 6285 9304  Reasonable accommodation:  Any individual with a disability who requires reasonable accommodation to attend or participate in this meeting may request assistance by emailing MReyes@RAPFoundation.org.  Notification at least 48 hours prior to the meeting start time will enable us to make reasonable arrangements to ensure accessibility to the meeting.

I.CALL TO ORDER

11. APPROVAL OF THE AGENDA

In order to meet Brown Act requirements, items may be added to the agenda only upon a decision by a majority of the Board of Directors to add the item because of a need for immediate action.

Motion                         Second:            Yes____   No____   Abstain

 

III. PUBLIC COMMENTS/PRESENTATIONS:

Public Comments: All persons wishing to speak are requested to provide their name so they may be recognized at the appropriate time. General comments regarding non- agenda items will be called at this time. Specific comments regarding agenda items will be called for during discussion of each item. Please be prepared to limit your remarks to 3 minutes.

 

IV. Approve the Finance-Investment Committee October 12, 2020 Draft Minutes. ( Attach.1)

   Motion                         Second:            Yes____   No____   Abstain

 

V. Review the Financial Statements for period ending September 30, 2020 and make recommendation to the RAP Board at the December meeting (attach. 2A, 2B (Well Fargo) and 3 (IE Community Found.).

                   Motion                         Second:            Yes____   No____   Abstain

VI. Closure of the First Provident Bank Account and transfer the remaining second year James Irvine funds to the First Republic bank account.

        Motion                         Second:            Yes____   No____   Abstain

 

VII.  Increase funding for the Health- Mental Health Request for Proposal (RFP) to be Released in January 2021.  The Board had previously approved $100,000 for this RFP.  Staff would like to increase the amount to $150,000.  The Grants Committee will be reviewing the RFP prior to it going to the Board in December. 

 

        Motion                         Second:            Yes____   No____   Abstain

 

VIII. Board Comments or future actions.   Quarterly Investments Review of WF and IECF Accounts.  Next tentative meeting set at 11:00 AM.  on Monday Jan. 18 at 11 AM.

 IX. ADJOURNMENT: 

Agendas will be posted on the Foundation website – www.rapfoundation.org – a minimum of 72 hours prior to the meeting date. All public record documents for matters on the open session of the Agenda are available for inspection at the meeting listed in this Agenda, and at the following location three (3) days prior to the meeting date: Regional Access Project Foundation, 41550 Eclectic St.  Palm Desert, CA  92260.  If a public record document that relates to a matter on the open session of the Agenda is distributed less than 72 hours prior to the meeting date, the public record document shall be available for inspection, at the same time it is distributed, at the address listed above. Upon request, this agenda will be made available in appropriate alternative formats to persons with disabilities, as required by Section 202 of the Americans with Disabilities Act of 1990.

 

 

 

Details

Date:
November 30
Time:
12:00 pm - 1:00 pm