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June 2, 2022 <br />Page 2 <br />water conservation efforts in the past and asked for staff's help with education and outreach <br />now. Drugan answered Board member's questions and was thanked for his informative <br />presentation. <br />Fd -a <br />IN114"T R29, 0 k I I <br />Yatin Patki, resident of Thousand Oaks, presented an overview of the sport of cricket in the area <br />and requested CRPD provide more dedicated space for this sport to be played within District <br />boundaries. <br />Gary Hartung would like a roof or ceiling put over the public pool at Cal Lutheran to protect <br />people from sun exposure and skin cancer. <br />It was moved by Huffer, seconded by Nickles, and carried 5-0 to approve the agenda as <br />amended, i.e., moving Item 9D to immediately follow Item 5. <br />9. NEW ITEMS <br />Consider and Approve Adjustments to the Investment Policies for th' <br />District's Defined Benefit, Other Post -Employment Benefits (OPEB) an <br />Pension Stabilization Trust Funds I <br />Smith reminded Board members that in February, they authorized transfer of various <br />District retirement liability trust funds from Public Agency Retirement Service (PARS) to <br />Shuster. That transition is imminent; the investment policy for those funds needs to be <br />established. Previously, a moderate portfolio of a 50/50 (Equity/Fixed) allocation was <br />used. Staff met with Shuster, as did the Finance and Audit Committee (Holt and Huffer.) <br />As a result of those meetings, it is recommended that a 60/40 split is more appropriate <br />due to the current economic climate. Shuster, who appeared via Zoom, explained the <br />rationale for the shift to the 60/40 portfolio and its ability to be better able to meet the <br />objectives for the agency in the long term. Smith thanked Shuster for his assistance and <br />mentioned that any changes suggested for the future would be brought to the Board for <br />approval. <br />It was moved by Huffer, seconded by Lange, and carried 5-0 to approve <br />recommended adjustments to the Investment Policies for the District's <br />Defined Benefit, Other Post -Employment Benefits (OPEB) and Pension <br />Stabilization Trust Funds. <br />•► kWOU 111411LI91,01V <br />A. Approval of Minutes of May 5, 2022, Regular Board Meeting <br />