County of Riverside Debt Advisory Committee Special Meeting
The Debt Advisory Committee reviewed and discussed the 2026 Lease and Option to Purchase Agreement related to the Riverside University Health System's capital program for flood control facilities at the Medical Center. The committee considered the issuance of interim financing through a Lease and Option to Purchase Agreement to initiate construction of necessary flood control improvements. Additionally, the committee reviewed the issuance of Tax and Revenue Anticipation Notes to cover cash-flow deficits and discussed administrative matters, including remote attendance policies.
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The committee meeting focused on the County of Riverside Part-Time and Temporary Employees' Retirement Plan. Key discussions included the Lump-Sum Window Period for retirement distributions and an addendum to the Investment Policy Statement, which authorizes temporary liquidity measures and deviations from target asset allocations to manage the 2026 Lump Sum Distribution Window.
May 28, 2026·Board meeting
Debt Advisory Committee Special Meeting
The committee reviewed and recommended approval for the issuance of the County of Riverside Tax and Revenue Anticipation Notes for the 2026-27 fiscal year. The discussion covered the background of the annual issuance to address cash-flow deficits, the evaluation of prepaying unfunded CalPERS pension liabilities, and the authorization of an aggregate issuance amount. The committee also examined financing details, including estimated costs, underwriter appointments, and sources of repayment for the proposed notes.
Apr 23, 2026·Board meeting
Investment Oversight Committee Minutes Of Meeting
The committee reviewed the Treasurer's Pooled Investment Fund (TPIF) report, noting market value and yield performance alongside Federal Reserve policy updates and treasury rate shifts. Reports were presented and filed for funds outside the County Treasury, including the County of Riverside Asset Leasing Corporation, Infrastructure Financing Authority, Land Secured Districts, Pension Obligation Bonds, and the Successor Agency to the Redevelopment Agency. Additionally, the committee reviewed updates to the Treasurer-Tax Collector's Statement of Investment Policy, specifically regarding the addition of a broker-dealer to the approved list and code references, which will be submitted to the Board of Supervisors.
