02-27-2017 BPU RPT 08 - Laserfiche WebLink

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W A T E R E N E R C Y I - RIVERSIDE PUBLIC UTILITIES WI& Board Memorandum P U B L I C U T I L I T I E S BOARD OF PUBLIC UTILITIES DATE: FEBRUARY 27, 2017 ITEM NO: 8 SUBJECT: RIVERSIDE PUBLIC UTILITIES BOARD POLICY GUIDE ISSUE: Adopt revisions to the Board Policy Guide to incorporate previously approved and adopted policies. RECOMMENDATION: That the Board of Public Utilities adopt revisions to the Board Policy Guide to incorporate previously approved and adopted policies. BACKGROUND: On June 20, 2014, the Board of Public Utilities reviewed and adopted the present Board Policy Guide and Standing Rules. The Board Policies are divided into the following three areas and biennial review of each policy is assigned to a specific Board committee: A. Utility Business Policies, which includes the Board's Standing Rules B. Board Specific Policies C. Customer Relations/Finance Board Policies were due for review in June 2016. DISCUSSION: In the thirty months since the last formal review of the Policy Guide, the Board has approved and referred to the City Council for adoption a number of independent policies in the areas of Energy Risk Management; Internal Compliance; and Fiscal, Real Property and Water Portfolio management. Proposed revisions to the Board Policies are attached, in both red -lined and clean format, which incorporate the previously approved policies into the Board Policies. Specifically, revisions to the Policy Guide include: 1. Revision to Section 4 of the Standing Rules (Policy A-1) to reflect the codification of the Code of Ethics and Conduct into the Riverside Municipal Code 2. Strategic Plan to Policy A-2 3. Real Property Financial Management Policy to Policy A-5 4. Energy Risk Management Policy and National Electric Reliability Corporation and Western Electric Coordinating Council Internal Compliance Program to Policy A-8 5. Water Portfolio Management Policy to Policy A-9 6. Add Fiscal Policies as Policy A-11