FAAME Committee  
C. Miller, Chair  
D. Alvarez, VC Budget  
G. Bryant  
R. Crane  
P. Daniels  
B. Dennstedt  
L. Fong-Sakai  
P. Paule  
M. Petersen  
B. Pressman  
T. Quinn  
Tuesday, August 18, 2026  
Meeting Schedule  
Finance, Affordability, Asset  
Management, and Efficiency Committee  
- Final  
08:30 a.m. OPE  
09:30 a.m. FAAME  
11:30 a.m. LC  
01:30 p.m. BREAK  
02:00 p.m. BOD  
Meeting with Board of Directors *  
August 18, 2026  
9:30 a.m.  
K. Seckel  
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* The Metropolitan Water District’s meeting of this Committee is noticed as a joint committee  
meeting with the Board of Directors for the purpose of compliance with the Brown Act.  
Members of the Board who are not assigned to this Committee may participate as members  
of the Board, whether or not a quorum of the Board is present. In order to preserve the  
function of the committee as advisory to the Board, members of the Board who are not  
assigned to this Committee will not vote on matters before this Committee.  
08182026 Finance, Affordability, Asset Management, and  
Efficiency Committee Translated Agendas  
*
21585  
08182026 FAAME Agenda - Armenian  
08182026 FAAME Agenda - Chinese Mandarin  
08182026 FAAME Agenda - Spanish  
Attachments:  
Agendas are translated by a digital translation service. Metropolitan does not guarantee  
accuracy of any translation.  
1.  
2.  
Opportunity for members of the public to address the committee on  
matters within the committee's jurisdiction (As required by Gov. Code  
Section 54954.3(a))  
** CONSENT CALENDAR **  
COMMITTEE ACTION (ONLY)  
Approve the Minutes of the Finance, Affordability, Asset  
Management, and Efficiency Committee held on July 14, 2026  
A.  
21-6083  
21-6052  
08182026 FAAME 2A (07142026) Minutes  
Attachments:  
3.  
COMMITTEE ITEMS (FOR BOARD CONSIDERATION)  
Adopt CEQA determination that the proposed action was  
previously addressed in the 2024 Mitigated Negative Declaration  
adopted by the City of Fontana for the Fontana Fire Station No. 80  
and Training Center Project, and authorize the General Manager to  
execute a new license agreement with the City of Fontana for a  
base term of 15 years, with three 10-year options and one five-year  
option to extend the license, for a maximum combined term of 50  
years to support a new Fire Station and Training Facility with  
supplemental parking on Metropolitan fee-owned property in the  
City of Fontana, identified as San Bernardino County Assessor  
Parcel No. 0228-021-26  
7-2  
** END OF CONSENT CALENDAR **  
4.  
COMMITTEE ITEMS (ACTION FOR BOARD CONSIDERATION)  
Adopt resolution establishing the Ad Valorem tax rate for fiscal year  
2026/27; the General Manager has determined that the proposed  
action is exempt or otherwise not subject to CEQA  
8-2  
21-6058  
21-6065  
5.  
6.  
COMMITTEE ITEMS (INFORMATIONAL FOR BOARD  
CONSIDERATION)  
Report on list of certified assessed valuations for fiscal year  
2026/27 and tabulation of assessed valuations, percentage  
participation, and vote entitlement of member agencies as of  
August 18, 2026  
5G  
COMMITTEE ITEMS (INFORMATIONAL)  
Quarterly Financial Report  
a.  
21-6084  
21-6085  
08182026 FAAME 6a C-L  
Attachments:  
Quarterly Investment Activities Report  
b.  
08182026 FAAME 6b C-L  
Attachments:  
7.  
MANAGEMENT ANNOUNCEMENTS AND HIGHLIGHTS  
Finance, Affordability, Asset Management, and Efficiency activities  
a.  
21-6086  
08182026 FAAME 7a Finance, Affordability, Asset  
Management, and Efficiency activities  
Attachments:  
8.  
9.  
FOLLOW-UP ITEMS  
NONE  
FUTURE AGENDA ITEMS  
10. ADJOURNMENT  
NOTE: This committee reviews items and makes a recommendation for final action to the full Board of Directors.  
Final action will be taken by the Board of Directors. Committee agendas may be obtained on Metropolitan's Web site  
https://mwdh2o.legistar.com/Calendar.aspx. This committee will not take any final action that is binding on the  
Board, even when a quorum of the Board is present.  
Writings relating to open session agenda items distributed to Directors less than 72 hours prior to a regular meeting  
are available for public inspection at Metropolitan's Headquarters Building and on Metropolitan's Web site  
https://mwdh2o.legistar.com/Calendar.aspx.  
Requests for a disability-related modification or accommodation, including auxiliary aids or services, in order to  
attend or participate in a meeting should be made to the Board Executive Secretary in advance of the meeting to  
ensure availability of the requested service or accommodation.