Amador County – Amador Water Agency board of directors on Thursday will get financial reports on agency investments and cash flow, and hear about accounting format changes.

The board is expected to get a presentation by new Controller Marvin Davis on the agency’s investment portfolio status, in a quarterly report. The board is scheduled to discuss accounting format changes, and could give direction regarding “account structural changes and appropriation adjustments.”

The cash flow report will review cash as of July 31, and there could also be a discussion and possible adoption of a credit card processing fee to be added to the AWA rates and charges schedule.

At the board’s last meeting, Davis said recent financial models that were given were not really showing what the agency is getting in cashflow. He said he had to put together a year of transactions, and build a model from that because “you’ve got to know that those numbers are right.”

The AWA board could also discuss its Urban Water Management Plan, which was discussed at the last meeting, Aug. 11, with direction given to bring back suggestions made by the public, with options on how to decide the agency’s reaction to comments. The board could consider a resolution approving the updated Urban Water Management Plan.

The AWA board also may discuss a Proposition 84 Implementation Grant. The board could discussed and give direction to agency representatives on the Upper Mokelumne River Watershed Authority, “regarding the Amador Water System leak detection project” grant submitted through the Watershed Authority. Topics could include “grant shortfall options.”

Story by Jim Reece This email address is being protected from spambots. You need JavaScript enabled to view it.