Committee approves rebalancing to generate estimated $1.25M quarterly reimbursement to county

Chair David Weiskopf moved the committee recommend that the board approve the rebalancing summarized on the meeting handout; the motion was seconded and carried by voice vote. The presenter, Patrick Wing, said the trust's total assets on the one‑sheet were roughly $142 million and that the plan to generate the next quarterly county reimbursement was an estimated $1.25 million run rate.

Wing explained the immediate implementation mechanics: drawing about $750,000 from cash and roughly $500,000 from U.S. equity reallocations and listed proposed redemptions on the handout (for example, a $3,000,000 redemption from the Schwab large value index fund was shown on the sheet). Committee members asked clarifying questions about where the money would be taken from and how the moves would affect active‑manager exposure; Wing said the aggregate moves in U.S. equities and cash approximated the quarterly reimbursement target and that further allocation details would be presented in October.