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Finance Committee Meeting

January 11 @ 11:00 am - 12:30 pm

REGIONAL ACCESS PROJECT FOUNDATION
FINANCE/INVESTMENT COMMITTEE MEETING
 Monday  January 11, 2021 at 11:00 PM
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https://us02web.zoom.us/j/84792023563
CALL-IN Information 1 669 900 6833 Meeting ID: 847 9202 3563

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: 847 9202 3563  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
II. 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 November 30, 2020 Draft Minutes. ( Attach 1)

Review and recommend for Board to approve.

Motion                         Second:            Yes____   No____   Abstain

 

V. Review the Investment Statements :

A. Wells Fargo Investment Statement (s) (attach. 2A, 2B)
B. Inland Empire Community Foundation Statement  (attach. 3)

 Review and recommend for Board to approve.

Motion                         Second:            Yes____   No____   Abstain

 

VI. Review the Financial Statements for period ending November 30, 2020 and make recommendation to the RAP Board at the January meeting.  (attach. 4)

      The Committee may consider any mid-year adjustments to the budget due to unexpected expenses or revenue.

Motion                         Second:            Yes____   No____   Abstain

VII. Board Comments or future actions.

  Committee members M. Gonda and C. Borba and CEO will meet with IECF during the week of January 11 and will report back to the Committee at the next meeting. 

 Quarterly Investments Review of WF and IECF Accounts.  Next tentative meeting set at 11:00 AM.  on Monday Feb. 8, 2021.

 

VIII.  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:
January 11
Time:
11:00 am - 12:30 pm