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Finance Committee Meeting

January 24 @ 9:00 am - 10:00 am

REGIONAL ACCESS PROJECT FOUNDATION
FINANCE/INVESTMENT COMMITTEE MEETING
Monday January 24, 2022 at 9:00 AM
41550 Eclectic St.
Palm Desert, CA 92260
RAP Foundation is inviting you to a scheduled Zoom meeting.
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https://us02web.zoom.us/j/86287564493
Meeting ID: 862 8756 4493
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This meeting is being conducted as a Zoom only meeting utilizing teleconferencing via Zoom. Reasonable
accommodation: Any individual with a disability who requires reasonable accommodation to attend or participate in
this meeting, please contact
mreyes@rapfoundation.org.
Committee Members: Matt Gonda – Chair, Craig Borba, Maria Blue, Mike Gialdini, Jan Pye, Bill Kroonen
Staff: Nora Duffy – Finance Director, Leticia De Lara – CEO

I. CALL TO ORDER


II. PUBLIC COMMENTS: Persons wishing to speak are requested to be recognized at the appropriate time.
General comments regarding non-agenda items will be called for at this time. Specific comments regarding
agenda items will be called for during discussion of each item. Please be prepared to limit your Public Comment
remarks to three (3) minutes.


III. APPROVAL OF THE AGENDA

IV. ACCEPT AND FILE MEETING MINUTES from November 15, 2021 (Attach. 1) Action Item
Staff Recommendation: To approve the November 15, 2021 Meeting Minutes.

V. NOMINATION OF COMMITTEE CHAIR AND NOMINATION OF COMMITTEE VICE-CHAIR Action Item

VI. REVIEW AND UPDATE OF RESERVE FUNDS POLICY Action Item (Attach 2)
a. The Board Resolution on 2022.xx requires an update as it refers to a closed account.

Staff Recommendation: To accept the Resolution for the Reserve Funds Policy updated for January
2022.

VII. Adopt Resolution for Form 5500-SF for 2021 for Reporting Small Employee Benefit Plan (401k) FuturePlan (Pensys) Retirement Plan Documents (Restatement Package) – Attach 3
This is a package we must submit every 6 years to continue with our 401k plan. It is recommended to have the forms reviewed by an attorney or tax preparer.
Staff Recommendation: To adopt the Resolution for the Form 5500-SF for 2021 and approve the
review of the documents by an attorney or CPA and authorize Lety to sign and return

VIII. FINANCIAL REVIEW OF FY22 YTD – (Attach. 4 – 9) Action Item

a. Review 6/30/21 thru 12/31/21 Financial reports

Staff Recommendation: To accept the financial reports for June through December 2021

IX. Board/Committee Member/Staff Comments

X. Adjournment – Next meeting – February 21, 2021 at 11:00am or immediately following the Executive
Committee meeting.

Agenda Posting:
Agendas will be posted on the Foundation website –
www.rapfoundation.org – a minimum of 72 hours prior to the
meeting date. All public record documents for matters on the open session of the Agenda are available for inspection
at the meeting listed in this Agenda, and at the following location three (3) days prior to the meeting date: Regional
Access Project Foundation, 41-550 Eclectic St., Palm Desert, CA 92260. If a public record document that relates to a
matter on the open session of the Agenda is distributed less than 72 hours prior to the meeting date, the public record
document shall be available for inspection, at the same time it is distributed, at the address listed above. Upon request,
this agenda will be made available in appropriate alternative formats to persons with disabilities, as required by Section
202 of the Americans with Disabilities Act of 1990

Details

Date:
January 24
Time:
9:00 am - 10:00 am

Venue

Zoom Meeting

Organizer

Nora Duffy
Phone:
7606749992
Email:
nduffy@rapfoundation.org