Board hears monthly performance report and final FY2026 budget update
Staff reported positive August performance, some rebalancing to move closer to targets, and a final FY2026 budget update showing only small changes from the prior draft; trustees asked clarification questions about cash flows and refunds.
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Staff presented the monthly investment performance report showing a positive return and executed rebalancing designed to move asset weights closer to strategic targets. The board asked clarifying questions about the flash report and specific rebalancing trades; staff confirmed trades had been completed.
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