ACFA
- Summary of Proceedings
March 5, 2009 Board Meeting
Received a presentation from Research Innovations Inc. on the ACFA
Client 2008 Survey results.
The Board received an update on an airport authority's amendments to its
Credit Agreement.
Received an update on ACFA’s Investment Policy and AUMA Investment Pool.
The Board reviewed and discussed the Board Performance Evaluation Survey
Results and that issues brought forth from the survey to be discussed at the
Board Planning Session.
Discussed and accepted the Auditor’s Report and approved the December
31, 2008 audited financial statements and annual report as recommended by
the Audit Committee.
The Board reviewed and accepted the Audit Committee Annual Report.
Received and discussed requests for borrowing from a new airport
authority and non-profit health groups.
Reviewed and approved President’s contract.
The Board reviewed, discussed and accepted information on the risk
management, cash flow and debt portfolio reports.
The Board was advised that Gary Smith, Chief Economist for AIMCo would
be the guest speaker at the March 19, 2009 Annual General Meeting.
Received information on the following: - proposed debentures for
March 16, 2009;
- prepayments made during the period January 9, 2009 to February 26, 2009;
- share transactions for the period January 9, 2009 to February 26, 2009;
and
- indicative and actual rates for November 1, 2009 to February 15, 2009.
