Finances topic of El Dorado Hills CSD meetingBy: Eyragon Eidam, Telegraph Correspondent
EL DORADO HILLS, CA - The El Dorado Hills Community Service District Board of Directors met to discuss finances and outlook for the district over the coming months at an Administration and Finance meeting on April 3.
Board members reviewed current procurement policies and focused on the importance of dealing with local businesses as often as possible for all of the district’s procurement needs.
Though the committee was more than willing to push for contracts within the El Dorado Hills area from local contractors, the need to keep costs down and competitive for taxpayers is also a major priority for the board. Getting the best quotes could mean working with contractors and suppliers outside of the immediate area in order to keep costs as low as possible, according to officials.
During their annual review of the investment policy, discussion fell to possible investments through carefully selected, local financial brokers to diversify and strengthen the district’s investments.
More conversation on this topic will be needed on the part of the committee, but research is being done to weigh the pros and cons of such an investment strategy change. The liquidity and accessibility of invested funds will be deciding factors in whether or not such a strategy could be implemented effectively.
Board members are also expected to make recommendations for the appointment of four new members to the El Dorado Hills Community Service District Foundation.
Individuals with legal, real estate, public relations, and fundraising experience will likely be the most sought after candidates for these positions. Candidate recommendations will be discussed further at the April 11th board meeting.
An updated version of the district website, www.edhcsd.org, is currently being finalized and should be implemented shortly with new features and information for area users