Los Angeles County Dept. of Regional Planning

The meeting included a land acknowledgement for local tribal nations, followed by an invocation and the pledge of allegiance. The primary focus of the meeting was the presentation of scrolls to the student winners of the 46th Annual Los Angeles County Library Bookmark Contest, showcasing the creativity of youth across the various districts.

The committee meeting agenda includes discussions on a market environment presentation by NEPC and the second quarter 2025 rate reset report for the Stable Income Fund. Administrative agenda items cover the renewal of fiduciary liability insurance, travel expense reimbursement notifications for Plan Sponsor conferences, and a review of the communications budget for the 2025-2026 fiscal year.

The Operations Cluster conducted a review meeting to discuss the 2026-27 recommended budget. Presentations covered various departments and entities, including La Plaza de Cultura y Artes, Museum of Art, Museum of Natural History, County Counsel, Human Resources, Grand Park, Music Center, Internal Services Department, Arts and Culture, Registrar-Recorder/County Clerk, Board of Supervisors, Auditor-Controller, Auditor-Controller - Integrated Applications, Assessor, Consumer and Business Affairs, and Treasurer and Tax Collector. The discussion focused on recommended budget changes, operational adjustments, and one-time funding allocations across these agencies.

The Committee is scheduled to review investment reports, including Mercer's semi-annual review of the Stable Value Fund and an NEPC presentation on plan menu design and implementation. Additionally, the agenda includes a discussion and potential action on a request from the Treasurer and Tax Collector to issue an RFP for investment consulting services, as well as a request from the Chief Executive Office regarding the renewal of fiduciary liability insurance.

The meeting focused on the presentation of the draft Homeless Initiative funding recommendations for fiscal year 2025-26 and the presentation of the Local Solutions Fund. Discussion included Measure A goals, service type alignment for homelessness prevention and support, formula options for funding allocations to local jurisdictions, and implementation process milestones. Additional topics covered draft funding recommendations for comprehensive homelessness services, adjustments to budget allocations for various homeless support programs, and the proposed formula for Local Solutions Fund distribution based on point-in-time counts and regional housing needs assessment goals.