The Town of Leesburg's OPEB Trust Finance Board convened on August 27, 2025, at 2:00 PM to discuss key financial matters concerning the town's Other Post-Employment Benefits (OPEB) assets. The meeting was attended by various members, including representatives from PFM and town officials, with two members participating virtually.

The meeting commenced with a motion to allow virtual participation for Joe Mason and Octavia, which was unanimously approved. Following this, the board moved to approve the minutes from the previous meeting held in May, which also passed without opposition.

The primary agenda item focused on a presentation by PFM regarding the second quarter market performance. The discussion highlighted the economic landscape, emphasizing themes of volatility and resilience in the financial markets. PFM representatives, including Scott Fleming, provided insights into the portfolio's performance and its alignment with the town's investment policy.

A notable point raised during the meeting was the absence of model asset allocations for various mixes, which was acknowledged by the PFM team. They committed to including this analysis in the next quarterly review to ensure the portfolio remains aligned with the town's objectives for the OPEB trust.

In summary, the meeting effectively addressed the approval of previous minutes and set the stage for future discussions on portfolio management, with a commitment to enhance reporting in subsequent meetings. The board's focus on maintaining alignment with investment policies reflects its ongoing dedication to managing the town's financial responsibilities responsibly.