The FPDR Board Meeting on November 18, 2025, covered several key topics including the approval of previous meeting minutes, amendments to the 2025-26 budget, and the auditor’s annual report. The meeting opened with the approval of the minutes from May 27th, which passed without opposition. Subsequently, the board discussed and approved proposed amendments to the 2025-26 budget, which included a $1.5 million reduction in the budget for PERS contributions and an increase in the direct FPDR retiree pension expense by about $5 million. The auditor’s annual report was presented by representatives from the auditing firm, highlighting a smooth audit process and positive financial health of the FPDR. The meeting also addressed operational updates and future plans, including adjustments due to the city’s budget reductions and preparations for the state legislative session focused on budget cuts.
Key Points
- Approval of the minutes from the last meeting on May 27th
- Proposal to adopt amendments to the 2025-26 budget
- Auditor’s annual report presentation and discussion
Watch Full Meeting
Votes
Action Items
- Continue monitoring the city’s budget reduction to determine any impact on FPDR.
- Prepare for the upcoming state legislative session focusing on state budget reductions.