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Carson City OPEB board reviews Q2 FY25 activity, unanimously approves earnings report
Summary
At a March 2025 meeting, the Carson City Other Post-Employment Benefits (OPEB) Trust Fund board reviewed second-quarter fiscal-year 2025 financial activity, heard from the city chief financial officer about cash and investment performance, and unanimously approved the earnings report and the activity report.
At a March 2025 meeting, the Carson City Other Post-Employment Benefits (OPEB) Trust Fund Board of Trustees reviewed the fund's financial activity for the second quarter of fiscal year 2025 and unanimously approved the OPEB earnings report.
The meeting included a presentation from Chief Financial Officer Sherry Russell Benaboo, who said the fund had a cash balance of $4,453,838.65 and an ending net position about $10,000 higher at $4,463,787.10. "We have a cash balance of $4,453,838.65," Benaboo said, and noted a small timing variance of $5,717 that staff will audit in the third quarter if it does…
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