WEBVTT

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All

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in favor?

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Aye.

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New

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business.

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Audit report, please. Yes, sir. Chair and supervisors,

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Thank

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you, Mr. Walker. Uh, good afternoon.

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I'm Painter with Herbert Gray & Company.

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With me today is Cathy Mina, the audit director. Mr.

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Chair, if I may respond, absolutely, now.

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That was in the normal course of audit procedures.

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Um, so, the purpose of this,

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presentation is to, give you an overview of the

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audit, and that is for the, year ending September thirtieth,

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twenty twenty-five for Golden Community Development

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District, A. And,

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s- if you turn to page one, this is our independent auditor's

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report. So we-- Our responsibility is to give an

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opinion on the financial statements.

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Your finance team, led by Ms. Leah Norris, and you have your assistant finance

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director today, Mr. Ditchman, is to have all the accounting

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records ready for us, and have all the supporting

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documentation available to us. So they actually give us full

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access to the general ledger system, and also

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anything, backup information that we need.

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And our responsibility is to perform audit procedures to

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ensure that you have internal controls over the accounting transactions

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for disbursements or receiving. Uh, in particular

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this year, you had a bond issue, and that was a significant

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transaction that, we had to perform audit procedures, and there were no

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issues with that. So that is the, the, the largest transaction that

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occurred during the year. Of course, we also look at your

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disbursements to make sure that they are,

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properly approved through the audit process.

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And we look at your budget to make sure that what you

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budgeted for expenditures was not exceeded.

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So that's a form of internal control, that you set your budget and

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it's not changed unless it's amended and approved by, by the board of

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supervisors. Uh, we would be required to report to you

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any tr-- internal control deficiencies, any violations

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of your investment policy, or anything else that we need to bring to

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your attention. And we're happy to say that there were no,

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issues or findings that we, need to bring to your attention

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because of the audit process. So overall, just they do a

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very good job, the finance department, and we really appreciate, their

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teamwork in having everything ready for us, from budget to

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purchasing to accounting. It's a large department, and, they

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work really well with us. Thank

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you. Thank you. Any questions for Ms. Gray?

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Motion to accept.

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Motion to accept the audit.

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Motion to accept.

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Second?

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Second.

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All in favor?

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Aye.

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Motion passes. Thank you for your presentation. Okay, thank you. Thank you, Mr.

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Chair.

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You're welcome.

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The next item is to approve resolution number twenty-six dash

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thirty-six, establishing an account with our local asset

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management or PALM. Uh, basically, this is just another tool

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in our toolbox for-- to put money out, to get a little bit more

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yield. This is a, local government investment tool, that basically has

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assets that mature, sixty days or less.

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So it just puts some money out, for treasuries, CDs,

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et cetera, so you can get a little bit more yield than some CFDs.

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So as we build up more liquid cash, we can use this to, move money

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out and

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get a little bit more

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interest. Verification has been completed, so it needs to be

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approved by resolution. Any questions, Mr. Chair?

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Can I get a motion to adopt the

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resolution, please?

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Motion to adopt.

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Second?

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Second.

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All in favor?

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Aye.

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Next item is to review and adopt resolution

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twenty-six dash seven, amending an interlocal

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agreement with the County of Yuba.

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So as you know, this is the agreement we have with Middleton Downtown and

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yourself, including a lot of facilities that we currently

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maintain in a joint venture. Uh, so as we go

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annually, we v- look at this to either add some more descriptive

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language to some of the assets we maintain.

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You can see some of it like Big N Lane, west of Eastern intersection of Stampeder

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Trail. We added Middleton Drive, North and Center Parkway.

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But more importantly, on the other, we did, instead of kayak launch,

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we called it floating dock at the Golden North.

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Uh, we did add Thurston Playland Park, Redlands Park,

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and the Living Park.

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Real.

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Yeah. I'm sorry.

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Thank you. Uh, so these are just the additions annually as we bring more

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assets on board. We'll continue to come to this board to, make sure we have the

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ability to maintain them. So we just seek your

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resolution on the

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approval of that resolution.

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Need a motion to

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approve.

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I so move.

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Motion to approve.

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Second.

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All in favor?

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Aye.

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Okay. We have,

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Mr. Kennedy.

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Okay. A couple items. Just save the date for Board Matters.

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So that's an event that, I'll get you a copy of the mailing.

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We're doing at the Sunset Landing on April eleventh.

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quality or issues. We're in the Swiftmud phase two,

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kind of,

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restrictions right now, so this is a good time to look around at how to manage the

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water resources. They'll have some, speakers, some

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entertainment going on down there, so it's a good time for, you know, if it's your

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third or fourth year, that it has been every year

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kind of goes more and more into it. So it's a good time to learn all about water

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and how we can improve conditions.

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Uh, Earth Day cleanup. So that is our time of the year that, district staff

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goes out on April seventeenth, and we start, you

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know, our stewardship with, picking up garbage and, and trash

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throughout the district. So we don't have a lot, but, you know, as you go through,

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as we continue to grow ninety-plus square miles, there's gonna be some trash we

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see out there. And our staff is just here to maintain the beauty of the standard of

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the property. So, you know, coming

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to Earth Day, we have a couple of different, different trash.

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If you're out there and you see

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just know those are two dates that there will be

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doing some, engagements with the residents and also doing some

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cleanup work. Those are on the books.

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Good. District Council.

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The twenty-twenty-six ethics and public records training dates have been scheduled

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with the next one March twenty-four at nine AM, and that will be held at Laurel

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Manor. Second August twenty at nine AM at

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Everglades, and then finally on October tenth at two PM, and

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that one will be held at the district office.

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If you're interested in attending any of them, you can sign up through the clerk's

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office.

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I wish I had the most of my birthday, so thanks.

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Nice. We have donuts for you if you-

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morning.

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Any supervisor comments before we adjourn? Questions?

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We adjourn, so .

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That doesn't count. I believe I'm three for three at this

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point.

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I've never heard a pledge that fast before in my life.

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And then I looked at you, and I'm like, "Oh, I'm gonna lose it.

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I can't."

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Oh, that was great. I j- I just stopped talking.

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I'm like, "I don't even know where I am." I hear Joan in the back, and I'm trying

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to look at him,

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but I'm like... He's, he's on the moment of silence, and we're halfway through the

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pledge.

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Oh, too funny. Oh, dang it, I just took one out for