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AGENDA

Tuesday; August 25, 2008; 2:00 p.m.

Regular Meeting of the Board of Directors Of

South Feather Water and Power Agency

Board Room, 2310 Oro-Quincy Highway, Oroville, CA

A.		Pledge of Allegiance

B.		Roll Call

C.		Approval of Minutes
		Ä	Regular Meeting on July 22, 2008

D.		Approval of Warrants
		Ä	Water Division expenditures for $389,589.74
		Ä	Power Division expenditures for $485,595.25

E.		Public Participation
			Individuals will be given an opportunity to address the Board regarding matters within the Agency's jurisdiction that are not scheduled on the agenda, although the Board cannot take action on any matter not on the agenda. Comments will be limited to 5 minutes per speaker. Opportunity for public comment on agenda items will be provided at the time they are discussed by the Board. Comments will be limited to 5 minutes per agenda item.

F.		Staff Reports
		Ä	Finance Division Manager
		Ä	Water Division Manager
		Ä	Power Division Manager
		Ä	General Manager

G.		Director's Reports
			Directors may make brief announcements or reports for the purpose of providing information to the public or staff, or to schedule a matter for a future meeting. The Board cannot take action on any matter not on the agenda and will refrain from entering into discussion that would constitute action, direction or policy, until such time as the matter is placed on the agenda of a properly publicized and convened Board meeting.

H.		Business
		Ä	Sunset Hill Telecommunications Lease - Butte County
			l	Action to approve the Second-Term Sunset Hill Communication Lease with the County of Butte
		Ä	Independent Auditor's Report for 2007
			l	Presentation and review of the auditor report prepared by Mann, Urrutia, Nelson CPAs and Associates for the year ended December 31, 2007, and possible acceptance by the Board.
				l Memo: General Manager
				l SAS
				l Management Letter
				l Audit Report
		Ä	Employment Agreement - General Manager
			l	Action to amend the General Manager's employment agreement term, conditions and compensation.
		Ä	Closed Session. Public Employee Discipline/Dismissal/Release
			l	Government Code §54957.

I.		Adjournment