Finance and Administration Committee - November 19, 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.

November 19, 2024

Open Session

9:30 a.m.
Or upon adjournment of the Risk and Audit Committee – Whichever is later

1. Item
   1. Call to Order and Roll Call
   2. Executive Report – (Verbal) Michele Nix
   3. Action Consent Items Michele Nix
      1. Approval of the November 19, 2024 Finance and Administration Committee Timed Agenda
      2. Approval of the September 17, 2024 Finance and Administration Committee Meeting Minutes
      3. Semi-Annual Contracting Prospective Report
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
      4. Contracts Administration: Affirmation of Investment Manager Contracts Without Defined Duration
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
      5. California Actuarial Advisory Panel Appointment
   4. Information Consent Items Michele Nix
      1. Annual Calendar Review
      2. Draft Agenda for the February 2025 Finance and Administration Committee Meeting
      3. Pension Contracts Management Program Report
         1. Attachment 1 (PDF)
      4. Annual Contract and Procurement Activity Report
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
   5. Action Agenda Items
      1. Investment Data and Technology Modernization Initiative Rob Paterson
         1. Attachment 1 (PDF)
      2. 2024-25 Mid-Year Budget Revisions Michele Nix, Will Schaafsma
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
         3. Attachment 3 (PDF)
      3. 2023-24 Basic Financial Statements Michele Nix, Janie Rajasuncy
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
         3. Attachment 3 (PDF)
      4. Annual Discharge of Accounts Receivable Michele Nix, Kim Malm
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
   6. Information Agenda Items
      1. Annual Review of Funding Levels and Risk Report Scott Terando, Randall Dziubek
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
      2. Semi-Annual Health Plan Financial Report Emily Zhong, Don Moulds
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
         3. Attachment 3 (PDF)
      3. Summary of Committee Direction Michele Nix
      4. Public Comment
   7. Adjournment of Meeting