Loading...
HomeMy WebLinkAbout2019-11-05; Clean Energy Alliance JPA; ; Appoint Interim Board Treasurer/Chief Financial Officer and AuditorTO: ITEM3: DATE: CLEAN ENERGY ALLIANCE STAFF REPORT Clean Energy Alliance Board of Directors APPOINT INTERIM BOARD TREASURER/CHIEF FINANCIAL OFFICER and AUDITOR November 5, 2019 RECOMMENDATION: That the Board appoint Marie Berkuti, Finance Director/Treasurer of the City of Solana Beach, as interim Board Treasurer/Chief Financial Officer and Auditor, pursuant to Section 5.4 of the Clean Energy Alliance Joint Powers Agreement. BACKGROUND AND DISCUSSION: Section 5.4 of the Clean Energy Alliance (CEA) Joint Powers Agreement (JPA) establishes the requirement for the Board to appoint a Board Treasurer/Chief Financial Officer and Auditor (CFO). The CFO shall strictly comply with the statutes related to the duties and responsibilities specified in Sections 6505.5 of the California Government Code related to accounting for JPA funds. The Board CFO is responsible for the cash management, financial transactions and audits for CEA activity, including being the depository and maintaining custody of all money of CEA, making disbursements as approved by the Board, causing an independent audit of the finances of CEA, as well as the duties and responsibilities outlined in Section 7 of the JPA. Until such time as the Board appoints a permanent CFO, it is recommended that the Board appoint Marie Berkuti, Finance Manager/Treasurer of the City of Solana Beach, as interim Board CFO. Ms. Berkuti meets all the qualifications necessary to serve as CFO. Section 5.3 provides if the appointed Treasurer/Chief Financial Officer and Auditor is an employee of any Party to the JPA (as defined in the JPA), that Party is entitled to reimbursement of any documented out of pocket expenses incurred in connection with performing the duties of the CFO, as well as full cost recovery for any documented hours of service provided by the employee during such Party's normal working hours. Item 3: Appoint Interim Board Treasurer/Chief Financial Officer RECOMMENDED ACTION: That the Board appoint Marie Berkuti, Finance Director/Treasurer of the City of Solana Beach, as interim Treasurer/Chief Finance Officer, pursuant to Section 5.4 of the Clean Energy Alliance Joint Powers Agreement. 11/14/2019 5 Item 3: Appoint Interim Board Treasurer/Chief Financial Officer BACKGROUND & DISCUSSION: • Responsible for cash management, financial transactions, audits, and JPA deposits • Full duties outlined in Section 7 of JPAAgreement • Recommend Ms. Berkuti fill position until a permanent CFO is appointed • Ms. Berkuti meets all qualifications for the position • Solana Beach entitled to full cost recovery for providing this service to the JPA 11/14/2019 6