Finance Commission

TOWN OF LOS GATOS FINANCE COMMISSION AGENDA DECEMBER 08, 2025 110 EAST MAIN STREET TOWN COUNCIL CHAMBERS 5:30 PM Linda Reiners, Chair Ashby Monk, Vice Chair Adam Fischer, Commissioner Phil Koen, Commissioner Joseph Rodgers, Commissioner Matthew Hudes, Mayor Rob Moore, Vice Mayor IMPORTANT NOTICE This is a hybrid meeting and will be held in-person at the Town Council Chambers at 110 E. Main Street and virtually through Zoom Webinar (log-in information provided below). Members of the public may provide public comments for agenda items in-person or virtually through the Zoom Webinar by following the instructions listed below. To watch and participate via Zoom, please go to: https://losgatosca-gov.zoom.us/j/84834011781?pwd=rHVGvPbwjNaaM6U6ZB5AbaZUF1ToV9.1 Passcode: 998589 CALL MEETING TO ORDER ROLL CALL CONSENT ITEMS (Items appearing on the Consent are considered routine Town business and may be approved by one motion. Members of the public may provide input on any Consent Item(s) when the Chair asks for public comment on the Consent Items.) 1. Approve the Minutes of the October 13, 2025, Finance Commission Regular Meeting RECOMMENDATION: Approve the Minutes of the October 13, 2025, Finance Commission Regular Meeting. 2. Approve the Minutes of the December 1, 2025, Finance Commission Special Meeting RECOMMENDATION: Approve the Minutes of the December 1, 2025, Finance Commission Special Meeting. 3. Receive the Monthly Financial and Investment Reports for September and October 2025 RECOMMENDATION: Receive the Monthly Financial and Investment Reports for September and October 2025. 4. Receive the California Employer’s Pension Prefunding Trust (CEPPT) Strategy Market Value Summary Report for the Period Ending September 30, 2025, and Performance as of October 31, 2025 Page 1  RECOMMENDATION: Receive the California Employer’s Pension Prefunding Trust (CEPPT) Strategy 2 Market Value Summary Report for the period ending September 30, 2025, and performance as of October 31, 2025. 5. Receive the California Employer’s Retiree Benefit Trust (CERBT) Strategy 1 Market Value Summary Report for the Period Ending September 30, 2025, and the Performance Report as of October 31, 2025 RECOMMENDATION: Receive California Employer’s Retiree Benefit Trust (CERBT) Strategy 1 Market Value Summary Report for the Period Ending September 30, 2025, and the Performance Report as of October 31, 2025. VERBAL COMMUNICATIONS (Members of the public are welcome to address the Commission on any matter that is not listed on the agenda and is within the subject matter jurisdiction of the Finance Commission. To ensure all agenda items are heard, this portion of the agenda is limited to 30 minutes. In the event additional speakers were not able to be heard during the initial Verbal Communications portion of the agenda, an additional Verbal Communications will be opened prior to adjournment. Each speaker is limited to no more than three (3) minutes or such time as authorized by the Chair.) OTHER BUSINESS (Up to three minutes may be allotted to each speaker on any of the following items.) 6. Complete Reviewing the Fiscal Year 2024-25 Draft Annual Comprehensive Financial Report (ACFR) and Make Recommendations to the Town Council RECOMMENDATION: Complete reviewing the Fiscal Year 2024-25 Draft Annual Comprehensive Financial Report (ACFR) and make recommendations to the Town Council. 7. Review and Discussion of the Finance Commission 2025 Workplan and Consider Direction on the 2026 Workplan RECOMMENDATION: Review and discuss the current update on the Finance Commission 2025 Workplan and discuss direction in establishing the 2026 Workplan. ADJOURNMENT HOW TO PARTICIPATE The public is welcome to provide oral comments in real-time during the meeting in three ways: Zoom Webinar (Online): Join from a PC, Mac, iPad, iPhone or Android device. Please click this URL to join: https://losgatosca- gov.zoom.us/j/84834011781?pwd=rHVGvPbwjNaaM6U6ZB5AbaZUF1ToV9.1 Passcode: 998589 You can also type in 848 3401 1781 in the “Join a Meeting” page on the Zoom website at and use passcode 998589. When the Mayor announces the item for which you wish to speak, click the “raise hand” feature in Zoom. If you are participating by phone on the Zoom app, press *9 on your telephone keypad to raise your hand. Telephone: Please dial (877) 3361839 for US Toll-free or (636) 651-0008 for US Toll. (Conference code: 686100) If you are participating by calling in, press #2 on your telephone keypad to raise your hand. Page 2 In-Person: Please complete a “speaker’s card” located on the back of the chamber benches and return it to the Town Clerk before the meeting or when the Chair announces the item for which you wish to speak. NOTES: Comments will be limited to three (3) minutes or less at the Chair’s discretion. If you are unable to participate in real-time, you may email to Clerk@losgatosca.gov the subject line “Public Comment Item #__ ” (insert the item number relevant to your comment). All comments received will become part of the record. The deadlines to submit written comments is: - 11:00 a.m. on the day of the Commission meeting for inclusion in a desk item Page 3