The board’s treasurer presented the financial collections and disbursement figures for the month ending July 31, 2025. The presentation included receipts from collections, employer and employee contributions, annuity payments, administrative expenses and net cash position for the month and year to date.
On the record the treasurer reported a new payment from collections of $664,000 for the month and year-to-date collections of $6.5 million. Employer contributions were reported in the record as 7.9 (year to date 84.5) and employee contributions as 4.3 (year to date 42.6); the transcript appears to present these as millions but the recording is not explicit; those figures are presented here as stated by the treasurer on the record.
Annuity payments for the month were reported as $23.4 million and year to date $232.0 million. Administrative expenses were reported at $1.2 million for the month and year-to-date 15.23 (the transcript did not specify the unit for the year-to-date number). Contribution refunds were reported at 1.4 (year to date 9.5). The treasurer said total disbursements for the month were about $26.8 million and that year-to-date disbursements exceeded $60 million.
The treasurer reported a month net cash surplus of about $13.9 million and a year-to-date net cash surplus of about $22.11 (the transcript did not unambiguously specify units). Later in the segment the transcript records a separate figure for Havensight Mall collections that appears garbled (the number as transcribed is extremely large and inconsistent with surrounding figures); that figure is reported here as stated in the transcript but flagged as unclear.
Because portions of the treasurer’s figures in the transcript are garbled or lack explicit units on the record, readers should treat the month and year-to-date figures as the treasurer reported them and consult the official meeting minutes or the treasurer’s written report for finalized, audited numbers.