Placer Conservation Authority Board Special Meeting Agenda May 2026
Budget Amended for Placer Community Foundation Fees
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Description
The Placer Conservation Authority will amend its FY 2025-26 budget to recognize a total of $48,000 in fiduciary management costs payable to Placer Community Foundation for PCCP Endowment Fund management. The increase reflects higher deposits exceeding $6 million under the 2022 Endowment Grant Agreement.
Contract Details
Contract Amount
$48,000 (increase of $36,000 over previously budgeted $12,000)
Vendor
PLACER COMMUNITY FOUNDATION
Agency
PLACER county HOUSING AUTHORITY, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 5, 2026
Contract Term
Fiscal Year 2025-26
Renewal Date
2026-06-30
Renewal Info
Costs are incurred under a 2022 Endowment Grant Agreement with tiered fiduciary management fees, including a rate of one-half of one percent annually for deposits greater than $5 million. Future budget cycles will need to account for fee changes as fund balances grow.
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Related Contracts
Placer Conservation Authority AgendaPacket Special Meeting 2026-05-07
AMENDEDPlacer County Board of Supervisors Agenda March 10 2026
APPROVEDPlacer County Board of Supervisors Agenda March 10, 2026
PENDINGRoseville Grants Advisory Commission Agenda November 2025
AWARDEDcity-of-roseville-grants-advisory-commission-meeting-agenda-august-12-2025_89c.pdf
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