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Board raises lift station and sewer lines reserve target to $144 million and reassigns pension-prefunding goal
Summary
Directors approved changing the Lift Station & Sewer Lines designated fund goal from $60 million to $144 million and moved the CEPPT 115 pension-prefunding target into the District's reserve and investment accounts.
The board approved an amendment to the District—s reserve goals, increasing the Lift Station & Sewer Lines designated fund target from $60 million to $144 million and reducing the CEPPT 115 pension-prefunding trust target by moving funds into the District—s reserve and investment accounts. The change was included within the consent calendar approved unanimously by the board.
The consent calendar also included an update summary for the California Employers' Retiree Benefit Trust (CERBT) and the Pension Prefunding Trust (CEPPT) as of Dec. 31, 2025. The minutes do not specify exact reallocation dollar amounts; the board approved the change in goals as a policy direction for reserves and investments.
