Agenda

Return

C. 98

To:	Board of Supervisors
From:	David Twa, County Administrator
Date:	March 1, 2016

Contra

Costa

County

Subject:

Quarterly Report of the Post Retirement Health Benefits Trust Agreement Advisory Body

APPROVE	OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR	RECOMMENDATION OF BOARD COMMITTEE

Action of Board On: 03/01/2016

APPROVED AS RECOMMENDED

OTHER

Clerks Notes:

VOTE OF SUPERVISORS

AYE:

John Gioia, District I Supervisor
Candace Andersen, District II Supervisor
Mary N. Piepho, District III Supervisor
Karen Mitchoff, District IV Supervisor
Federal D. Glover, District V Supervisor

Contact:	Lisa Driscoll, County Finance Director (925) 335-1023
cc:	Robert Campbell, County Auditor-Controller Russell Watts, County Treasurer-Tax Collector Patrick Godley, Chief Financial Officer/Health Services

I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown.
ATTESTED: March 1, 2016
David Twa,

BY:	, Deputy

RECOMMENDATION(S):

ACCEPT quarterly report of the Post Retirement Health Benefits Trust Agreement Advisory Body.

FISCAL IMPACT:

No specific fiscal impact. This is a quarterly report of the County's assets in the Public Agency Retirement Services (PARS) Public Agencies Post-Retirement Health Care Plan Trust.

BACKGROUND:

On December 14, 2010, the Board of Supervisors directed the formation of a Post Retirement Health Benefits Trust Agreement Advisory Body (consisting of the County Administrator, County Finance Director, Treasurer-Tax Collector, Auditor-Controller, and Health Services Finance Director).

BACKGROUND: (CONT'D)

The Advisory Body meets quarterly. At its meeting of August 4, 2011, the body discussed and reviewed final report formats with HighMark Capital Management and made recommendations regarding a final standardized quarterly report. The attached report is in the standardized format.

The following is the investment summary presented at the February 4, 2016 quarterly meeting for the period ending December 31, 2015:

Investment Summary	Fourth Quarter 2015
Beginning Value	$166,674,305.52
Net Contributions/Withdrawals	5,012,199.09
Fees Deducted	-43,406.48
Income Received	5,194,084.02
Market Appreciation	-1,788,988.44
Net Change in Accrued Income	30,382.57
Ending Market Value	$175,078,576.28

Additional Materials -
A Post Retirement Health Benefits Trust Agreement Advisory Body web-page can be found at the following address:
http://ca-contracostacounty.civicplus.com/index.aspx?NID=2915. The page describes the function of the body, posts quarterly meeting materials, and all pertinent trust and plan documents