Board of Directors Agenda
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.
2. Public Comments
Opportunity for members of the public to address the Committee.
3. Approval of the minutes
The Committee Chair will request approval of the minutes of the Committee meetings of December 2, 2015.
4. Close American Century Investment Account
Management requests closure of this account.
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.
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.
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.
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.
Official adjournment of the meeting.