Finance and Administration Committee Agenda April 18, 2022

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 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.

April 18, 2022

View April 18, 2022 Finance & Administration Committee Open Session Meeting Transcript (PDF)

Open Session

1:00 p.m.
Or upon adjournment of the Risk & Audit Committee – Whichever is later

1. Item
   1. Call to Order and Roll Call (PDF)
   2. Approval of the April 18, 2022 Finance & Administration Committee Timed Agenda (PDF)
   3. Executive Report (Verbal Report)Michael Cohen
   4. Action Consent ItemsMichael Cohen
      1. Approval of the February 14, 2022 Finance & Administration Committee Meeting Minutes (PDF)
      2. Semi-Annual Contracting Prospective Report (PDF)
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
      3. Valuation Report for the 1959 Survivor Benefit Program (PDF)
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
      4. Judges' Retirement System Actuarial Valuation Report and Employer and Employee Contribution Rates (PDF)
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
      5. Judges' Retirement System II Actuarial Valuation Report and Employer and Employee Contribution Rates (PDF)
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
      6. Legislators' Retirement System Actuarial Valuation Report and Employer and Employee Contribution Rates (PDF)
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
      7. Contracts Administration: Extension to Advance Systems Group, LLC Contract (PDF)
         1. Attachment 1 (PDF)
   5. Information Consent ItemsMichael Cohen
      1. Annual Calendar Review (PDF)
      2. Draft Agenda for the September 20, 2022 Finance & Administration Committee Meeting (PDF)
      3. Semi-Annual Financial Report (PERF) (PDF)
         1. Attachment 1 (PDF)
      4. Pension Contracts Management Program Report (PDF)
         1. Attachment 1 (PDF)
   6. Action Agenda Items
      1. 2022-23 Annual Budget Proposal (PDF)Michael Cohen, Jennifer Harris
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
      2. Annual Review of Board Member Employer Reimbursements (PDF)Michael Cohen, Michele Nix
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
      3. State Valuation and Employer/Employee Contribution Rates (PDF)Scott Terando, Nina Ramsey
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
         3. Attachment 3 (PDF)
         4. Attachment 4 (PDF)
         5. Attachment 5 (PDF)
         6. Attachment 6 (PDF)
      4. Schools Valuation and Employer/Employee Contribution Rates (PDF)Scott Terando, Paul Tschida
         1. Attachment 1 (PDF)
   7. Information Agenda Items
      1. Long-Term Care Valuation Report (PDF)Fritzie Archuleta
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
      2. Semi-Annual Health Plan Financial Report (PDF)Emily Zhong
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
         3. Attachment 3 (PDF)
      3. Summary of Committee Direction (Verbal Report)Michael Cohen
      4. Public Comment