2150 River Plaza Drive, Suite 460
Sacramento, CA 95833

Finance Committee Meeting

November 16, 2016

12:00 p.m.
(Meeting in offices of TNBC)

Call to order

1. Call to Order of the Meeting of the Finance Committee

The Committee Chair will call the meeting to order if a quorum is present. Announcements may be made at this time.

Public comment

2. Public Comments

Opportunity for members of the public to address the Committee.

Action item

3. Approval of the minutes

The Committee Chair will request approval of the minutes of the Committee meetings of December 2, 2015.

Download the December 2, 2015 Minutes (PDF, 109 KB)

Action item

4. Close American Century Investment Account

Management requests closure of this account.

Action item

5. Corporate Investment Policy

The Corporate Investment Policy is presented to the committee for review of the section addressing allowable investments. Presently the policy does not allow equities to be included in the asset allocation. Management recommends the committee regularly evaluate adding a small percentage of equities to be allowable in this policy.

Download the Corporate Funds Investment Policy (PDF, 84 KB)

Action item

6. Conservancy’s Proposed 2017 Budget

Management will review the Conservancy’s proposed 2017 budget and its key assumptions with the committee. The proposed 2017 budget is presented for review and recommendation to the Board of Directors.

Download the Conservancy’s Proposed 2017 Budget (PDF, 35 KB)


7. NBHCP Finance Model Update – Key Assumptions

The Conservancy is presently engaged with its economic consultant in updating the NBHCP Finance Model as required by the NBHCP. Staff will review with the committee a couple key elements in the NBHCP Finance Model update: 1) the land price assumption, and 2) the rate of return assumed for the Endowment funds.

Download the NBHCP Finance Model-Land Acquisition Costs (PDF, 7 KB)

Download the NBHCP Finance Model-Rate of Return Assumed for the Endowment Funds (PDF, 559 KB)


8. Interest Rate Risk Exposure

As the Federal Reserve continues to indicate its desire to increase interest rates, management will discuss with the committee how this might impact the Conservancy both in its operating funds and endowment funds.

Download the Interest Rate Risk Info (PDF, 182 KB)


9. Adjournment

Official adjournment of the meeting.