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VICTOR VALLEY WASTEWATER RECLAMATION AUTHORITY Board Of Commissioners Staff Report |
| TO: | VVWRA Board of Commissioners |
| FROM: | Darron Poulsen, General Manager |
| SUBMITTED BY: | Xiwei Wang, Director of Finance |
| DATE: | 06/18/2026 |
| SUBJECT: | Recommendation to adopt Resolution 2026-14 to update the positions in the Investment Policy
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| Fiscal Impact | N/A |
| Account Code: | |
| Funds Budgeted/ Approved: |
STAFF RECOMMENDATION
It is recommended that the Board of Commissioners adopt Resolution 2026-14, updating positions in the Investment Policy.
PREVIOUS ACTION(S)
On January 19,2023, the Board approved the revisions to the VVWRA Investment Policy.
BACKGROUND INFORMATION
During the mid-year budget review process on January 29, 2026, the Board of Commissioners approved the restructuring plan to break down the broad responsibilities of the former Director of Administration role into specialized positions that allows for deeper expertise in critical areas. Staff have modified the existing Investment Policy to reflect the new positions approved by the Board of Commissioners. These changes have been made and are further detailed in the attached Resolution 2026-14 (Exhibit 1). It is recommended that the Board of Commissioners to adopt Resolution 2026-14, updating positions in the Investment Policy.