December 5, 2017 - 2:30pm

MIDPENINSULA REGIONAL OPEN SPACE DISTRICT ACTION PLAN & BUDGET COMMITTEE

ROLL CALL

COMMITTEE MEMBERS: RIFFLE, CYR, KISHIMOTO

ADOPTION OF AGENDA

ORAL COMMUNICATIONS
The Committee Chair will invite public comment on items not on the agenda.  Each speaker will ordinarily be limited to three minutes; however, the Brown Act (Open Meeting Law) does not allow action by the Committee on any item not on the agenda. If you wish to address the Committee, please complete a speaker card and give it to the District Clerk. Individuals are limited to one appearance during this section.

Approve the May 31, 2017 Action Plan & Budget Committee Minutes
Establish a Public Agencies Post-Employment Benefits Section 115 Trust administered by Public Agency Retirement Services (PARS) to provide the District with an alternative investment strategy to pre-fund a portion of the pension obligations (R-17-114)

Staff Contact: Andrew Taylor, Finance Manager
General Manager’s Recommendation: Review, discuss, and consider recommending approval to the Board of Directors the District’s proposal to establish a Section 115 Trust, administered by Public Agency Retirement Services (PARS), for pre-funding of the District’s pension obligations as related to the unfunded actuarial accrued liability.

Update to Board Policy 3.10 – District Grantmaking Program (R-17-133)

Staff Contact: Melanie Askay, Grants Specialist
General Manager’s Recommendation: Approve updates to Board Policy on the District’s Grantmaking Program.

Budget Process Update (R-17-134)

Staff Contact: Marion Shaw, Management Analyst
General Manager’s Recommendation: Review the proposed changes to the Budget Development Process for FY2018-19 contained in this report and forward to the full Board.

ADJOURNMENT

Unless otherwise noted, all meetings take place at the District Administrative Office - 330 Distel Circle, Los Altos, CA 94022.

Regular Meeting agendas are posted 72 hours prior to the meeting. Special Meeting agendas are posted at least 24 hours prior to the meeting.

In compliance with the Americans with Disabilities Act, if you need assistance to participate in this meeting, please contact the District Clerk at (650) 691-1200. Notification 48 hours prior to the meeting will enable the District to make reasonable arrangements to ensure accessibility to this meeting.

Minutes usually are not available until two to four weeks after a Board meeting. Please note that formal meeting minutes are not taken at Committee meetings or some Special Meetings of the Board (that is, study sessions or public workshops).