Signal explorer

Board agenda Item 16 authorizes the CEO to execute a contract with Crowe LLP for independent financial statement audit services for a five-year term, not to exceed $390,000, as recommended by the Audit Committee. This is the financial-statement auditor, not an investment consultant. SCERS investment manager and commitment actions are handled in closed session (Item 22, purchase/sale of pension fund investments) and are not itemized in the open-session agenda.