March 4, 2002

At its option, the Board may approve the agenda, delete an item, reorder items, and add

an item to the agenda per the provisions of Government Code §54954.2.

Comments and inquiries from the audience will be received on any matter not on the

agenda, but within the jurisdiction of the Board. Comments and inquiries pertaining to an

item on the agenda will be received during the deliberation of the agenda item

(Government Code §54954.3).

Consent calendar items will be voted on together by a single motion unless separate

action is requested by a Board member, staff or member of the audience.

1. Minutes of the Board meeting held February 19, 2002

2. Resolution No. 2002-10 adjusting the District’s authorized debt limits, effective

January 1, 2002, per Ordinance No. 171

3. Audit demands

4. Treasurer’s Report for the period ended January 31, 2002

5. Review and Modification of the District’s Investment Policy:

The District’s Investment Policy set forth in Section 50.3 of the Administrative Code

will be reviewed and proposed modifications considered.

2 3/4/02

a. Report by Director of Finance

b. Discussion

c. Audience comments/questions

d. If desired, motion to approve or deny Ordinance No. 2002-01

Information item only, no official action required

Information item only, no official action required.

6. San Diego County Water Authority’s Board Meeting Report:

A report on the San Diego County Water Authority’s Board meeting of February 28

7. A Closed Session will be held pursuant to:

• Government Code §54956.9(a), Conference with Legal Counsel - Existing

Litigation

Name of case: Sweetwater Authority, et al. v. Dynegy, Inc., et al.

SDSC Case No. GIC 760743

• Government Code §54956.9(c), Conference with Legal Counsel - Anticipated

Litigation. Number of Potential cases: 1

At any time during the regular session, the Board may adjourn to closed session to

consider litigation, personnel matters, or to discuss with legal counsel matters within the

attorney-client privilege. Discussion of litigation is within the attorney-client privilege and

may be held in closed session. Authority: Government Code Section 54956.9.