John R. Zimmerman

The meeting focused on the update process for the Water Resource Plan, covering the period from 2025 to 2045. Discussions included reviews of conjunctive use of water resources, groundwater management, aquifer storage and recharge, and conservation efforts. Additionally, the Board reviewed the long-standing emergency water supply standard, confirming the necessity of maintaining enough capacity to meet water demands for a seven-day period in the event of a river outage.

The Standing Advisory Committee meeting agenda included several key items. Discussions covered a water supply update, presentations on TMWA's fiscal year 2025 Annual Comprehensive Financial Report and Q1 FY 2026 financial results, and an update on the Cost of Service Study, which was slated for possible action. Further agenda items included presentations on the Truckee River Fund and the upstream watershed protection program, followed by discussion and possible direction to staff regarding future meeting agendas.

The agenda for the meeting includes several key items for possible action, such as the appointment of a Trustee and the request to appoint a Vice Chairperson for the remaining term beginning January 1, 2025. The Board will also discuss and potentially act on signing the Annual Pledge of Personal Commitment/Disclosure Form, review and approve the calculation for TMWA Retiree Post-Retirement Medical Plan, and approve the Budget for Calendar Year 2026. Other items include a review of the Retirement Benefits Investment Fund (RBIF) performance and a Human Resources Update.

The agenda for the meeting included several significant items for possible action. Key discussions involved appointments to the Standing Advisory Committee to fill vacancies with new two-year terms, and a Water Supply Update. Major financial actions included discussion and possible action on Resolution No. 340, authorizing the issuance of up to $74,5 million in Water Revenue Refunding Bonds, Series 2026, to refund outstanding obligations if market conditions are favorable, with an estimated 12% net present value savings. Another financial item was Resolution No. 341, amending the 2025 Water Bond Resolution related to the Series 2026 bond issuances for the American Flat APWF Project. A Public Hearing was scheduled for rule amendments, specifically the first reading regarding structure changes to water rates based on a Cost of Service study. Additional items included a presentation on the Truckee River Fund Activities for Calendar Year 2025 and the General Manager's Report.

The meeting agenda covered several items for the Section §115 Other Post-Employment Benefit Plan & Trust. Key discussions included action items for signing the Annual Pledge of Personal Commitment/Disclosure Form, review and approval of the OPEB Trust calculation for a retiree, and the presentation and potential approval of the Budget for Calendar Year 2026. Other topics involved a review of the Retirement Benefits Investment Fund (RBIF) performance and an update on Human Resources matters, specifically open enrollment and a medical plan rate increase confirmation from the City of Reno.