Finance and Administration Committee - April 15, 2024

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. In accordance with Government Code section 11123.2 (added by Stats. 2023, ch. 216, § 1), Board members may participate remotely via teleconference.

Meeting Agenda for April 15, 2024

View April 15, 2024 Finance & Administration Committee Open Session Meeting Transcript (PDF)

Open Session

9:30 a.m.
Or upon adjournment or Recess of the Pension and Health Benefits Meeting – Whichever is later

1. Item
   1. Call to Order and Roll Call (PDF)
   2. Executive Report Michele Nix
   3. Action Consent Items Michele Nix
      1. Approval of the April 15, 2024 Finance and Administration Committee Timed Agenda (PDF)
      2. Approval of the Februrary 20, 2024, Finance and Administration Committee Meeting Minutes (PDF)
      3. Semi-Annual Contracting Prospective Report (PDF)
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
      4. Valuation Report for the 1959 Survivor Benefit Program (PDF)
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
      5. Review of Finance and Administration Committee Delegation (PDF)
         1. Attachment 1 (PDF)
   4. Information Consent Items Michele Nix
      1. Annual Calendar Review (PDF)
      2. Draft Agenda for the September 17, 2024 Finance and 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)
   5. Action Agenda Items
      1. 2024-25 Annual Budget Proposal – Michele Nix, Will Schaafsma
         1. Attachment 1
         2. Attachment 2
      2. Annual Review of Board Member Employer Reimbursements – Michele Nix
         1. Attachment 1
         2. Attachment 2
      3. Judges’ Retirement System Actuarial Valuation Report and Employer and Employee Contribution Rates – Scott Terando, Tony Cuny
         1. Attachment 1
         2. Attachment 2
         3. Attachment 3
      4. Judges’ Retirement System II Actuarial Valuation Report and Employer and Employee Contribution Rates – Scott Terando, Julian Robinson
         1. Attachment 1
         2. Attachment 2
         3. Attachment 3
      5. State Valuation and Employer/Employee Contribution Rates – Scott Terando, Nina Ramsey
         1. Attachment 1
         2. Attachment 2
         3. Attachment 3
         4. Attachment 4
         5. Attachment 5
         6. Attachment 6
         7. Attachment 7
      6. Schools Valuation and Employer/Employee Contribution Rates – Scott Terando, Paul Tschida
         1. Attachment 1
      7. Funding Risk Mitigation Policy – Michele Nix, Scott Terando
         1. Attachment 1
         2. Attachment 2
         3. Attachment 3
         4. Attachment 4
   6. Information Agenda Items
      1. Long-Term Care Valuation Report – Fritzie Archuleta
         1. Attachment 1
         2. Attachment 2
      2. Semi-Annual Health Plan Financial Report – Emily Zhong
         1. Attachment 1
         2. Attachment 2
         3. Attachment 3
      3. Summary of Committee Direction – Michele Nix
   7. Public Comment
   8. Adjournment of Meeting