Finance Committee Meeting
February 4, 2026
3:00 p.m.
This will be an in-person meeting located at
2150 River Plaza Drive, Suite 460, Sacramento, CA 95833.
Meeting facilities are accessible to persons with disabilities. If you require special assistance to participate in the meeting, notify the Conservancy’s office at (916) 649-3331 at least 48 hours prior to the meeting.
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 December 3, 2025 Finance Committee meeting.
Download the Conservancy’s December 3, 2025 Finance Committee meeting minutes (PDF, 921 KB)
4. Proposed Insurance Broker of Record and Carrier Changes
The Conservancy recently completed a review of its insurance policies and coverage. The results of the review revealed areas in which the Conservancy could save money and make improvements to its coverage to protect its ongoing interests.
Insurance coverage with the proposed new broker of record, CalNonprofits Insurance Services, will continue with the following policies: auto, crime, cyber, directors and officers (D&O), employee benefits liability, employee practices liability (EPL), flood, general liability, inland marine, pollution, property, workers’ compensation, and umbrella (also known as excess).
Broker proposes changes to the following policy lines for greater coverage:
- General liability
- Property/Inland marine
- Commercial excess
Total estimated savings for the above-mentioned changes is $13,000.00.
This item requests:
- Committee recommendation to the full Board of Directors to change the Conservancy’s insurance broker of record to CalNonprofits Insurance Services effective 02/04/2026,
- Committee recommendation to make requested carrier changes, and
- authorizes and directs either the Conservancy’s Executive Director, John Roberts, or Chief Financial Officer, Kimberli Burns, to take all actions deemed necessary or appropriate to implement this action.
5. Endowment Funds Investment Overview
The Conservancy’s endowment funds are managed by T. Rowe Price. Representative Phil Burger of T. Rowe Price will meet with the committee for the purpose of providing a 2025 year-end report on the Conservancy’s endowment funds accounts.
6. Adjournment
Official adjournment of the meeting.