Agenda - Finance, Affordability, Asset Management, and Efficiency Committee

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

10:00 a.m. FAAME

12:00 p.m. BREAK

12:30 p.m. LC

Meeting with Board of Directors *

August 18, 2026

02:30 p.m. BOD

10:00 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.

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

21-6083

21-6052

08182026 FAAME 2A (07142026) Minutes

Attachments:

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

08182026 FAAME 7-2 B-L

Attachments:

08182026 FAAME 7-2 Presentation

** END OF CONSENT CALENDAR **

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

08182026 FAAME 8-2 B-L

Attachments:

08182026 FAAME 8-2 Presentation

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

21-6065

08182026 FAAME 5G Report

Attachments:

08182026 FAAME 5G Presentation

COMMITTEE ITEMS (INFORMATIONAL)

Quarterly Financial Report

21-6084

21-6085

08182026 FAAME 6a C-L

Attachments:

08182026 FAAME 6a presentation

Quarterly Investment Activities Report

08182026 FAAME 6b C-L

Attachments:

08182026 FAAME 6b Presentation

MANAGEMENT ANNOUNCEMENTS AND HIGHLIGHTS

Finance, Affordability, Asset Management, and Efficiency activities

21-6086

08182026 FAAME 7a Finance, Affordability, Asset

Management, and Efficiency activities

Attachments:

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.

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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.