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Moraga audit committee reviews $16.3 million cash balance, eyes active investment strategy
Summary
Town staff reported $16.3 million in cash and a $2.5 million Section 115 pension trust as of Sept. 30, 2025. The committee discussed the town—s use of the state pooled investment fund (referred to in the transcript as "LAFE"), and staff said they will pursue an RFP for a financial advisor and update the investment policy to seek better returns.
The Town of Moraga Audit & Finance Committee met Dec. 2 and heard an informational report from Administrative Services Director Katie Bruner that the town held $16,300,000 in combined checking, money-market and state pooled funds as of Sept. 30, 2025, and that the town—s Section 115 pension trust had a $2,500,000 balance.
Bruner said the pooled account is the state Local Agency Investment Fund (referred to in the transcript as "LAFE") and that the town is not required to use…
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