Today's Wednesday, August twenty sixth, two thousand twenty-six at one thirty PM, and this is the date and time set for the public fund.

I'm sorry, the public meeting of the other post employment benefits trust fund, also known as OPEB.

Zach, good afternoon.

Could you please give us a roll call with the OPEB members?

Chair Razor.

Present.

Vice Chair Ganger.

Present.

And trustee Paulson.

Present.

We have a quorum.

Thank you, Zach.

At this time, the public is invited to comment on and discuss any topic that is relevant to or within the authority of this public body.

Seeing and hearing no comments from the public, I will close public comment at this time and we'll move forward with our next agenda item.

I agenda item four A, which is the approval of the minutes from our last meeting on Wednesday.

And then Vice Chair Ganger and Trustee Paulson, have you had a chance to review the minutes?

Yes.

I did.

I have no changes.

No changes.

I second.

All in favor say aye.

Aye.

Aye.

Motion carries unanimously.

Moving forward to agenda item five A, which is the discussion and possible action regarding the OPED trust earnings report for the fourth quarter of fiscal year two thousand twenty-six.

So total was um 3,648.45.

And then in the RBIF fund, uh we had interest earnings of 133,264.63, and then gains and losses of 623408.43, and then that little fees um that we pay to um our bif 1,453.76 for a grand total uh earnings of uh 758,867.75.

That is 11.5% return on investment, which is great.

Um last year we had 9.5% return on investment.

Um so 2% higher.

Can't complain.

Any questions?

Any questions from the committee?

No.

I have no questions.

Would anybody like to motion make a motion on this agenda item?

I move to approve the OPEB trust earnings report as presented.

Hey, second.

All in favor, say aye.

Aye.

Motion carries.

Moving on to agenda item 5B, which is the discussion of possible action regarding the OPEB trust activity for the fourth quarter of fiscal year 2026.

Again, CFO Sherry Russell Benaboo.

Thank you very much.

Uh so this uh lays out the revenues and expenses by month.

Uh, there's always a little difference, and I say this at every meeting.

Um, if it were perfect and nobody left the plan, um, and nobody retired and came on the plan, uh, there would be no change in the monthly PL to the far right of the report.

Uh however, people are always coming off and on the plan.

So um there's always little differences.

Right now, the total difference for the year is a little high.

It's 11,528.

Um, that's kind of high, so we're gonna have to do a little audit on this coming up here shortly.

Um, but we will see uh what's going on.

And um the investment income is there below, and then our Carson City OPEB uh deposit of 625,000 for the year.

Um that is about 1% of payroll as the board approved years ago.

So uh total earnings for this year uh 1,395.96.

Um total cash is uh six million five seventy-two seventy-five point zero three.

Um, and there was no um receivable or um deferred or under revenue this year.

I will be bringing um to the next meeting the uh financial report, um, the pages that come that are included in our act for our umancial report for the city.