Administrative Board Meeting Agenda
Utah Local Governments Trust
Friday . November 14, 2025 . 11:30 AM
Utah Local Governments Trust Board Room
55 South Highway 89 . North Salt Lake . Utah 84054
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Dial-In: [669-900-6833] Meeting ID: 983 577 4321
Prepared by: Steven A. Hansen, CEO & CFO
Date Prepared: November 12, 2025
Agenda
1. Call to Order & Opening Remarks
2. Approval of August 22, 2025 Minutes (Motion)
3. TEAM TRUST Spotlight - Jason Watterson
4. Board Appointments & Confirmations (Motion)
Closed Session (if needed) - Portions of the meeting may be closed to discuss pending litigation or personnel matters. (Motion) Utah Code § 52-4-205
5. Consent Agenda - Financials, Investments & Disbursements (Motion)
6. Capital Adequacy Review - Aon Report
7. Profitability Analysis - Taylor Walker Report
8. 2026 Preliminary Budget - Final Approval December 19, 2025 (Motion)
9. Interlocal Agreement Update
10. Board & Executive Committee Compensation Review (Motion)
11. Internal Accounting Controls Review (Fraud Risk Assessment) (Motion)
12. Public Comment - Limited to 3 minutes per comment
13. Other Business & Member Discussion
14. Upcoming Meetings
Public Notice Information
This meeting of the Utah Local Governments Trust Board of Directors is held in accordance with the Utah Open and Public Meetings Act (Utah Code § 52-4-101 et seq.).
Meeting notice, agenda, and materials are posted as required by state law.
Portions of this meeting may be closed pursuant to Utah Code § 52-4-205.
Utah Local Governments Trust
55 South Highway 89 . North Salt Lake, UT 84054
Phone (801) 936-6400 Website www.utahtrust.gov
Public Posting Certification
I certify that on November 12, 2025, the foregoing agenda was posted in accordance with Utah Code § 52-4-202 (View Statute) and made available to the public at the principal office of the Utah Local Governments Trust, on the Utah Public Meeting Notice Website (View Website), and to all members of the Trust Board of Directors.
Steven A. Hansen
Chief Executive Officer & Chief Financial Officer
Utah Local Governments Trust
Notice of Special Accommodations (ADA)
In compliance with the Americans with Disabilities Act, individuals needing special accommodations (including auxiliary communicative aids and services) during this meeting should notify Steven Hansen at 801-936-6400 x1335.