FINANCE AND ADMINISTRATION COMMITTEE
ITEM:		DISCUSSION ITEM
7.	REVIEW PROPOSED RESERVE AND PENSION/OPEB POLICIES
Meeting Date:			August 11, 2025	Budgeted:	N/A
From:			David J. Stoldt,	Program/	N/A
			General Manager	Line Item No.:
Prepared By:			Nishil Bali	Cost Estimate:	N/A
General Counsel Review: N/A
Committee Recommendation: The Finance and Administration Committee reviewed this item on August 11, 2025, and recommended _______________.
CEQA Compliance: This action does not constitute a project as defined by the California Environmental Quality Act Guidelines Section 15378.

SUMMARY: As part of the District’s strategic priority to protect, enhance, and maintain financial health, the Board identified the development of a reserve policy and review strategies to tackle the District’s Pension and Other Post-Employment Benefits (OPEB) liabilities. Staff is proposing the attached policies for review and discussion.

RECOMMENDATION: Review and finalize proposed policies. These policies will be brought back to the Finance and Administration Committee at the next meeting as an action item to recommend adoption by the Board.

EXHIBIT

7-A Proposed Policies

U:\staff\Board_Committees\FAC prev Admin\2025\081125\Discussion Items\07\Item-7.docx