CSD Director Dick Taylor provided this text of his comments following Tuesday's RMA meeting:

My name is Dick Taylor and I am a director at the CSD. I come before you representing the CSD Board of Directors and as its representative member on the Rancho Murieta Parks Committee.

It is the wish of the CSD Board to encourage your discussion of a matter that has been on the table for months and months. The matter concerns what should be the appropriate procedure for the handling of finances in the name of the Rancho Murieta Parks Fund.

Let's understand and make quite clear that the Parks Committee is NOT, I repeat NOT a standing committee of only the RMA. It is rather a committee that exists as the result of written agreements among the RMA, the Development Community and the CSD.

The agreements direct in part the circumstances under which Park Facilities will be developed and paid for.

The committee consists of 5 voting members: 2 - RMA; 2 - Development Community and 1 - the CSD.

The procedure in question is that which took place in March and again in August 2006.

Following approval in July 2005 by the Sacramento County BOS in which they directed that $250,000. would be paid by the North and South Development Community in connection with cost overruns for construction of the Wooden Bridge river crossing, the RMA is believed to have misappropriated a portion of those funds.

The RMA alone made independent disposition of $88,350.60. The action is seen to have taken place absent of RMA Board action and absent of any Park Committee discussion and approval.

The $88,000 was unilaterally transferred from the Park Fund to the General Fund of the RMA. The Park Fund account remains short of that amount now.

This matter has been the topic of discussion on repeat occasions since August 2006 in the official meetings of the Park Committee. On numerous occasions there have been up to five RMA Board members in attendance. Regardless, the matter has not found its way to your board meetings for
resolution.

As a member of the Park Committee partially responsible for its actions and finances you are requested to provide immediate discussion of and resolution for this situation. As stated earlier there are probably up to five of you that are already intimately acquainted with the details.

Additional procedures you might be wise to review are:

1. For what good and justifiable reason do Park Fund monies appear on the RMA Balance Sheet.

2. If your Balance Sheet is the appropriate place to reflect Park Fund
balances why are they not reviewed by your Finance Committee and reported
monthly in your consent calendar.