Finance & Administration Committee - November 18, 2025

Ensures financial soundness through oversight of financial statements and reporting and all budget matters. Oversees the organization's Strategic and Business Plans.

(Agenda items are provided in a PDF format, which require Adobe Reader 8 or higher to view.)

Items designated for Information are appropriate for Committee Action if the Committee wishes to take action. Any Agenda Item from a properly noticed Committee meeting may be considered by the Board at a subsequent Board meeting. The hour designated as the earliest starting time for this meeting is not intended to communicate the expected duration (or ending time) of the preceding meeting. Public comment may be taken on agenda items in accordance with applicable law. There is a three-minute limitation on each public comment, unless otherwise directed by the Presiding Officer. (Cal. Code Regs. tit 2, § 552.1.) Members of the public may provide public comment via telephone by calling (800) 259-4105. Board members may attend meetings of committees of which they are not members and participate in the discussions during those meetings. In accordance with California Government Code section 11123.2 (added by Stats. 2023, ch. 216, § 1), Board members may participate remotely via teleconference.

November 18, 2025

Open Session

9:00 a.m.

1. Item
   1. Call to Order and Roll Call (PDF)
   2. Executive Report (PDF) Michele Nix
   3. Action Consent Items Michele Nix
      1. Approval of the November 18, 2025, Finance & Administration Committee Timed Agenda (PDF)
      2. Approval of the September 16, 2025, Finance & Administration Committee Meeting Minutes (PDF)
      3. Semi-Annual Contracting Prospective Report (PDF)
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
      4. Contracts Administration: Affirmation of Investment Contracts Without Defined Duration (PDF)
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
   4. Information Consent Items Michele Nix
      1. Annual Calendar Review (PDF)
      2. Draft Agenda for the February 2026 Finance and Administration Committee Meeting (PDF)
      3. Pension Contract Management Program Report (PDF)
         1. Attachment 1 (PDF)
      4. Annual Contract and Procurement Activity Report (PDF)
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
   5. Action Agenda Items
      1. 2025-26 Mid-Year Budget Revisions (PDF) Michele Nix, Will Schaafsma
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
         3. Attachment 3 (PDF)
      2. 2024-25 Basic Financial Statements (PDF) Michele Nix, Janie Rajasuncy
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
         3. Attachment 3 (PDF)
      3. Asset Liability Management: Second Reading PERF Actuarial Assumptions (PDF) Scott Terando, Fritzie Archuleta, David Clement
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
         3. Attachment 3 (PDF)
         4. Attachment 4 (PDF)
      4. Annual Discharge of Accounts Receivable (PDF) Michele Nix, Kim Malm
         1. Attachment 1 (PDF)
   6. Information Agenda Items
      1. Semi-Annual Health Plan Financial Report (PDF) Emily Zhong
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
         3. Attachment 3 (PDF)
      2. Modernizing Investment Data and Technology Update (PDF) Robert Patterson, Jennifer Hafner
         1. Attachment 1 (PDF)
      3. Summary of Committee Direction Michele Nix
      4. Public Comment
   7. Adjournment of Meeting