Finance and Administration Committee - September 15, 2026

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 Government Code section 11123.2 (amended by Stats. 2025, ch. 222, § 1), Board members may participate remotely via teleconference.

Meeting Agenda for September 15, 2026

Open Session

9:30 a.m.
Or Upon Adjournment of the Pension and Health Benefits Committee — Whichever is Later

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 September 15, 2026, Finance and Administration Timed Agenda (PDF)
   2. Approval of the June 17, 2026, Finance and Administration Meeting Minutes (PDF)
4. Information Consent Items — Michele Nix
   1. Annual Calendar Review (PDF)
   2. Draft Agenda for the for the November 17, 2026, Finance and Administration Meeting (PDF)
   3. Operational Cash Flow Forecast Report (PDF)
      • Attachment 1 (PDF) — Operational Cash Flow Forecast Report
      • Attachment 2 (PDF) — Semi-Annual Treasury Analysis and Liquidity Status Report (Previous version)
   4. Prefunding Programs and Annual Status Report (PDF)
      • Attachment 1 (PDF) — CERBT & CEPPT Prefunding Programs Annual Status Report PowerPoint
      • Attachment 2 (PDF) — CERBT & CEPPT Prefunding Programs Annual Status Report
   5. Pension Contracts Management Program Annual Report (PDF)
      • Attachment 1 (PDF) — Pension Contracts Management Program Annual Report Overview
      • Attachment 2 (PDF) — Pension Contracts Management Program Annual Report
   6. Supplemental Income Program Annual Report (PDF)
      • Attachment 1 (PDF) — SIP Program Annual Status Report PowerPoint
      • Attachment 2 (PDF) — SIP Program Annual Status Report
5. Action Agenda Items
   1. Funding Risk Mitigation Event (PDF) — Michele Nix, Scott Terando
      • Attachment 1 (PDF) — Current Funding Risk Mitigation Policy
      • Attachment 2 (PDF) — Funding Risk Mitigation PowerPoint Presentation
6. Information Agenda Items
   1. Annual Actuarial Valuations Terminated Agency Pool (PDF) — Julian Robinson
      • Attachment 1 (PDF) — Terminated Agency Risk Pool Actuarial Valuation as of June 30, 2025
      • Attachment 2 (PDF) — Terminated Agency Risk Pool PowerPoint Presentation
   2. Modernizing Investment Data and Technology Update (PDF) — Robert Paterson, Jennifer Hafner
      • Attachment 1 (PDF) — Investment Data and Technology Modernization Initiative Presentation
   3. Summary of Committee Direction — Michele Nix
   4. Public Comment
7. Adjournment of Meeting