HomeMy WebLinkAboutJoint Powers Authority Finance Special Meeting Agenda - 08.13.2026rJOIN
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1750 Creekside Oaks Drive, Suite 200, Sacramento, CA 95833
(800) 541-4591 Fax (916) 244-1199
https://www.planipa.org/
hIAANCE COMMITTEE SPECIAL MEETING
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PEIuuRYTHArox(DATE)"fThursday, August 13, 2026
(TIME) `i Z 6 <-PERSONALLY
POSTED DIE NOTICE/AGENDA ON THE 1:00 P.M.
BULLETIN BOARD AT C" HALL.
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Meeting ID: 824 4964 2626
Passcode: 747357
All or portions of this meeting will be conducted by teleconferencing in accordance with Government
Code Section 54953(b). Teleconference locations are as follows: Sedgwick,
1750 Creekside Oak Drive, Suite 200, Sacramento, CA 95833; City of American Canyon, 4381
Broadway St., Ste. 201, American Canyon, CA 94503; City of Burlingame, 501 Primrose Road,
Burlingame, CA 94010; City of Cupertino, 10300 Torre Ave, Cupertino, CA 95014; Town of Colma,
1198 El Camino Real, Colma, CA 94014; and Town of Los Altos Hils, 26379 Fremont Rd, Los Altos
Hills, CA 94022.
Each location is accessible to the public, and members of the public may address the Finance Committee
from any teleconference location.
In compliance with the Americans with Disabilities Act, if you need a disability -related modification or
accommodation to participate in this meeting, please contact Kassandra Batista at
kassandra.batista(cbsedgwick.com (916) 244-1103. Requests must be made as early as possible, and at
least one full business day before the start of the meeting.
Documents and materials relating to an open session agenda item that are provided to the Pooled Liability
Assurance Network Joint Powers Authority (PLAN JPA) Finance Committee less than 72 hours prior to
a regular meeting will be available for public inspection at 1750 Creekside Oaks Dr., Suite 200,
Sacramento, CA 95833.
Page 1. CALL TO ORDER
2. INTRODUCTIONS
3. APPROVAL OF AGENDA AS POSTED (OR AMENDED)
4. PUBLIC COMMENTS - This time is reserved for members of the public to address
the Committee relative to matters of the PLAN JPA not on the agenda. No action
* Reference materials enclosed with staff report. A = Action I = Information
1
PLAN JPA Finance Committee Meeting of August 5, 2026
Page 2
may be taken on non -agenda items unless authorized by law. Comments will be
limited to five minutes per person and twenty minutes in total.
Page
5. FINANCIAL MATTERS
5 *A. presentation from PFM — Asset Allocation Options I
Recommendation: Staff recommends the Finance Committee�ixl'.�txy,�t,.,���
direction regarding the development of a captiv»p�tp�lz�t _,.,.,_..__...._
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33 B. Consideration and Approval of Captive Name ^, RA1'JAgise}ab� 4 s�I'.3Ui A
Recommendation: Staff recommends the Finance Committee approve a ..
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preferred name for PLANJPA's captive insurance compan .t.: ,:, aR ,aa .� .1
34 C. Development of Governing Documents for the dtive Insure. i 1y "I
Recommendation: None.`��'�
37 *D. Consideration and Approval of Captive Admiilisn Y,S�Fe,ices.�.gr�t
with Sedgwick Claims Management Services, Inc.
Recommendation: Staff makes no recommendation as it has a financial
interest in the outcome.
50 E. Delegation of Authority to Execute Routine Service Agreements and A
Operational Contracts for Captive Formation
Recommendation: Staff recommends the Finance Committee authorize the
Captive Manager and legal counsel, to negotiate and execute routine
contracts, agreements, engagement letters, account documents, and related
instruments necessary to establish, capitalize, license, and operate the PLAN
JPA captive insurance company, provided such agreements are within the
approved budget and consistent with Captive Board -approved objectives.
Any agreement resulting in a material increase in costs, significant change
in scope, or long-term financial obligation beyond approved budget
authority shall be brought back to the Captive Board for approval.
54 *F. Review of Captive Timeline I
Recommendation: None.
6. CLOSING COMMENTS
This time is reserved for comments by Finance Committee members and/or staff and
to identify matters for future Finance Committee'business.
A. Finance Committee
B. Staff
7. ADJOURNMENT
NOTICES:
➢ The next Risk Management Committee Meeting will be held on October 8, 2026, via Zoom
teleconference at 10:00 am.
➢ The next PLAN -WORKS Committee Meeting will be held on October 22, 2026, via Zoom
teleconference at 10:00 am.
* Reference materials enclosed with staff report. A = Action I = Information
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