Section 115 Trust
Investment Strategy
Background
• Pension Funding Policy
• CALPERS ROI, June 30, 2022 -6.1%
Asset Allocation Strategy
FISCAL IMPACT
• $750k FY 2020/21 Unassigned Reserves
$350k FY 2021/22 Budget
$1.1 Million (initial contribution)
• $250k FY 22 /23 Adopted Budget
Funds to be invested on a dollar average basis over the next 12 months Quarterly Performance Reporting to the Finance & Admin Committee (Treasurer’s Report)
•HIGHMARK CAPITAL – Market Update