File #: 23-1146    Version: 1 Name:
Type: Action Item Status: Committee Approval
File created: 8/29/2023 In control: ABAG POWER Board of Directors
On agenda: 12/11/2023 Final action:
Title: Adoption of Resolution 23-06, A Modification to the Working Capital Deposit Policy. Staff will present a recommendation to modify the current working capital deposit policy for the natural gas program to increase working capital deposits from 2.0 months to 3.0 months of estimated expenses, and to collect the additional deposits over a 24-month period beginning July 1, 2024.
Attachments: 1. 5.d.1. – Working Capital Deposits Policy Modification, 2. 5.d.2. – Current Working Capital Deposits by Member, 3. 5.d.3. - Resolution 23-06 Modification of Working Capital Deposits Policy, 4. 5.d.4. - Resolution 23-06 Working Capital Deposits Policy

Subject:

Title

Adoption of Resolution 23-06, A Modification to the Working Capital Deposit Policy.

 

Staff will present a recommendation to modify the current working capital deposit policy for the natural gas program to increase working capital deposits from 2.0 months to 3.0 months of estimated expenses, and to collect the additional deposits over a 24-month period beginning July 1, 2024.

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Presenter:

Presenter

Oscar Quintanilla Lopez, Asst. Dir., Budgets & Fin. Planning, ABAG/MTC

Ryan Jacoby, Program Manager, ABAG/MTC

 

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Recommended Action:

Action

Approval

 

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Attachments:                      List any attachments.