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Finance Committee hears trust, investment update; bid 2026-017 for advisory services discussed
Summary
Administrator Mike Sepic told the Finance Committee the trust and investment committee met and received updates for Q4 2025 and Q1 2026; GRS presented a five-year experience study and members discussed bid 2026-017 for investment advisory services.
Administrator Mike Sepic reported to the Berrien County Finance Committee that the trust and investment committee met and received updates covering the fourth quarter of 2025 and the first quarter of 2026. He said GRS presented a five-year experience study and the committee reviewed bid 2026-017 for investment advisory services.
The committee discussed next steps for selecting an investment adviser but did not take a formal vote at this meeting. Assistant finance staff identified potential procurement actions tied to bid 2026-017; Sepic said those matters will continue through the standard procurement process and return to committee or the full board as required.
