Chimene Camacho

The committee meeting addressed several key business items, including an open public meeting regarding workforce vacancies, recruitment, and retention efforts. Discussions included the ratification of JPIA disbursements, recognition of employee milestones, and an overview of the Spring Membership Summit and upcoming California Water Insurance Fund (CWIF) elections. The committee reviewed and took action on several administrative and financial items, such as the Settlement Authority Policy, the 2026-2030 Strategic Plan, and recommendations from the Ad Hoc Building and Property, Finance and Audit, and Property Program committees. Legislative advocacy updates were also provided.

The committee agenda includes the presentation of a Government Finance Officers Association award and reports on meetings attended. Financial discussions will focus on the Annual Comprehensive Financial Report, the proposed operating budget for the 2026-27 fiscal year, a retrospective contribution adjustment process, and a plan to stabilize the Rate Stabilization Fund. Additionally, the committee will review revisions to the program funding calculation for the Liability Program and receive an update on the California Water Insurance Fund and from the Director of Finance.

The committee meeting will cover several administrative and financial items, including an update on the group purchase programs, reports on RiskStar and member appraisals, and a review of property claims trends. Furthermore, the committee will deliberate on and provide recommendations regarding the 2026-27 Crime Memorandum of Coverage, the Property Memorandum of Coverage, the Property Program Reinsurance Renewal, and member contributions. The agenda also includes a staff update regarding pooled programs.

The agenda focuses on the review of the Property Claims Trends, the Centurisk RiskStar and Member Appraisal updates, and the review and recommendation regarding the 2026-27 Crime Memorandum of Coverage, Property Memorandum of Coverage, and Property Program Reinsurance Renewal. Additionally, the committee will receive updates from the Director of Pooled Programs.

The committee reviewed the Government Finance Officers Association award, discussed the Annual Comprehensive Financial Report for the period ending September 30, 2025, and provided recommendations on the proposed operating budget for fiscal year 2026-27. Updates were provided on the Retrospective Contribution Adjustment process, the rate stabilization fund, and calculations for program funding for the liability program. Additionally, the committee received an update on the California Water Insurance Fund and staff reports from the Director of Finance.