On a narrow screen this becomes a list of September's own meetings, grouped by day.
Sunday 30 August 2026
Monday 31 August 2026
Tuesday 1 September 2026
Wednesday 2 September 2026
Thursday 3 September 2026
Friday 4 September 2026
Saturday 5 September 2026
Sunday 6 September 2026
Monday 7 September 2026
Tuesday 8 September 2026
Wednesday 9 September 2026
Thursday 10 September 2026
Friday 11 September 2026
Saturday 12 September 2026
Sunday 13 September 2026
Monday 14 September 2026
Tuesday 15 September 2026
Wednesday 16 September 2026
Thursday 17 September 2026
Friday 18 September 2026
Saturday 19 September 2026
Sunday 20 September 2026
Monday 21 September 2026
Tuesday 22 September 2026
Wednesday 23 September 2026
Thursday 24 September 2026
Government · Collin Central Appraisal District Board of Directors · 6p Collin CAD Board6:00 p.m. · Collin CAD Board
● Government
Board of Directors
Collin Central Appraisal District Board of Directors · Collin County · Government
Thursday 24 September 2026, 6:00 p.m. · 250 Eldorado Parkway, McKinney, TX 75069
On the agenda 43 items, verbatim
- One or both of the following investment performance tests must be met before a flat-rate or CPI COLA can be considered for the entire 3 year or longer period.
- The 7.50% annualized investment return target was met for three of the four years immediately preceeding the COLA year.
- The average annualized investment return over the four years immediately preceeding the COLA year was >= 7.50%.
- If the average annualized investment return over the four years immediately preceeding the COLA year was <7.50%, the flat-rate or CPI COLA will be factored down to account for missing the investment target. If none of the years in the period meet the investment target, a COLA cannot be given.
- Refer to Addendums 3 and 4 to see how the factor will be calculated.
- The CCAD current year budget must have funds to contribute to TCDRS during the current year to help offset the future effects the granting of a retiree COLA will have on UAAL.
- The District’s current employees, based on the current budget, are eligible to receive performance reviews with wage/salary increases that would begin in the same year the retiree COLA would apply. If current employees’ wages/salaries are frozen across the general employee population, retirees will not be eligible for a COLA.
- If for any reason the Board of Directors determines that a retiree COLA is not feasible or is not financially prudent, even if the Performance Guidelines are met, a retiree COLA will not be given for the year(s) under review.
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- A COLA will not be given more than once in a three-year period and cannot be given twice in a four-year period or three times in a six-year period. This schedule will keep the District from receiving the label of “repeating COLA District” under GASB68, which is very important in the calculation of the District’s pension liability under GASB 68.
- At least once every three years, during the annual budget process, the chief appraiser will request a cost estimate from TCDRS to grant a 50% CPI COLA. The information is to be utilized in projecting the appropriate amount for the “Retirement, Unfunded Liability & Retiree COLA Funding” line item in the Proposed Budget.
- The Board of Directors, at their sole discretion, will first determine if a COLA should be granted and whether the COLA will be based on CPI or a flat-rate.
- If TCDRS investments during the preceeding 4 year period averages at least 7.50%, and the District meets the requirement of an average of $275,000 budgeted for COLA and UAAL offset, and the District’s “Funded Ratio” percentage calculation based on the TCDRS Plan Customizer is at least 90%, the Board of Directors will give preference to a 50% CPI COLA versus a flat-rate COLA.
- The Board of Directors, based on information provided by the chief appraiser, will utilize inflation data from the Urban Consumer Price Index (CPI-U) and/or TCDRS to determine the appropriate level of flat-rate or CPI COLA if a retiree COLA is approved by the Board of Directors.
- In a year where a retiree COLA is possible under the guidelines of this Policy, the chief appraiser will compile a report of annual inflation utilizing the year-over-year change in CPI-U. The report will be in the following format.
- The Board of Directors will determine the flat-rate percentage or percentage of CPI to utilize, based on the “sum of inflation %” calculation for the three-year, or longer, period prior to budget year that would be affected by COLA, to offset a portion of the effects of inflation on retirees.
- The base guideline is 50% CPI COLA or 50% of inflation for the period via a flat-rate with a maximum flat-rate COLA of 3%. Therefore, the range of COLAS will be from 0% to a maximum of 3.00% for a flat-rate adjustment and 0% to a maximum of a 50% CPI COLA. Both will utilize CPI-U inflation determined under this Policy in conjunction with information and reporting from TCDRS.
- If the calculated flat-rate average inflation contains a two digit decimal less than .75, the flat-rate will be rounded down to the next lower whole percentage. If the calculated flat-rate average inflation contains a two digit decimal greater than .75, the flat-rate will be rounded up to the next higher whole percentage. TCDRS only allows whole percentage increments.
- To grant up to 3.00% flat-rate or up to 50% CPI COLA, the District’s line item for “Retirement, Unfunded Liability & Retiree COLA Funding” must have averaged at least $275,000 for the three budget years immediately prior to the year the COLA is granted.
- If the budget average is less than $275,000, the flat-rate or CPI COLA percentage must be factored to the actual average, divided by $275,000.
- During the annual budget process for next year’s budget, typically April – June, the chief appraiser will seek authority to remit a lump-sum payment to TCDRS from the current budget to minimize the effect of future COLAS on the District’s retirement account with TCDRS. The remittance of current funds, while planning for next year’s budget, is considered an intregal part of the process to ensure proper management of future TCDRS funding levels and COLA management. The lump-sum payment will be made to
- Funds in the current budget to offset the effects of a COLA on UAAL that are not contributed to TCDRS will be designated to the District’s Designated Reserves, below the line, specifically for TCDRS Retiree COLA Prepay.
- In the 4th quarter of the year immediately preceding the year for which a COLA is effective, the chief appraiser will update the required TCDRS plan revision documents and submit the required documents to the Board of Directors in a public session. Once approved by the Board, the chief appraiser will submit the documents to TCDRS in a timely manner.
- Section 113.1 of the Administrative Code for the Texas County and District Retirement System establishes a qualified governmental excess benefit program in accordance with Section 415(m) of the Internal Revenue Code and as authorized under Section 845.504, Government Code. The program, entitled as the “Texas County and District Retirement System Qualified Replacement Benefit Arrangement”, is maintained solely for the purpose of providing for the payment of that portion of the annual retirement benefits that had been accrued by and would otherwise be payable with respect to a member of the Texas County and District Retirement System but for the limitation on the payment of benefits under Section 415(b) of the Internal Revenue Code of 1986, as amended.
- The establishment of a Replacement Benefit Arrangement for any current or future retirees must be cost neutral to the District regarding a retiree’s benefit payment, by reducing the employer’s annual contribution to TCDRS by the amount paid to the retiree under the 415 Benefit Arrangement.
- Administrative fees charged by TCDRS to the District, if any, must be necessary to maintain the arrangement and reasonable regarding their cost relative to the services provided.
- The 415 Benefit Arrangement must fully comply with the appropriate provisions of the Internal Revenue Service and TCDRS.
- The 415 Benefit Arrangement must be reviewed by the Board of Directors annually, during the 4th quarter, to determine whether to continue or terminate the Arrangement for the next calendar year.
- The granting of a flat-rate or % of CPI COLA unless all “Performance Guidelines” are met.
- The granting of a flat-rate COLA that exceeds 3.00%.
- The granting of a CPI COLA that exceeds 50% CPI COLA.
- The granting of a Flat-rate or % of CPI retiree COLA when current budget funds and/or designated reserve funds are not available to contribute to offset the cost of granting the COLA.
- Paying for medical coverage, reimbursing medical premiums or medical expenses to retirees.
- The adoption of a 415 Replacement Benefit Arrangement that is not neutral to the District, when balanced against the reduction of contributions made to TCDRS for the affected retirees.
- Under no circumstance will the District or Board adopt a policy that grants an “automatic” or “guaranteed repeating” retiree COLA, as defined under GASB 68.
- The chief appraiser, during the fourth quarter report required by this policy, will provide a list of 2 to 5 retirees recommended to serve on a “Retiree Advisory Panel”.
- If at least two retirees agree to serve, a panel will be formed with members being appointed based on the schedule below. Advisory Panel Members can be appointed to additional terms based on the chief appraiser’s recommendation, with approval given by the Board of Directors.
- The Retiree Advisory Panel will work directly with the chief appraiser and/or administrative staff as determined by the chief appraiser.
- The Retiree Advisory Panel will not report directly to the Board of Directors unless requested by the chief appraiser to assist with specific recommendations or reports.
- Participation by retirees will be on a volunteer, non-paid, basis. Members of the Retiree Advisory Panel are not employees of the District.
- The District will pay Panel members per diem travel expenses using the same guidelines followed for active employees, with a maximum round trip mileage of 100 miles per day.
- If a Panel cannot be seated, the chief appraiser will continue the implementation of this Policy.
- During August we received 43 Customer Service Survey Cards. With 215 possible boxes checked, All were marked excellent.
- We have received 0 new complaints during this period. 2 are ongoing for various reasons.
Documents
Minutes for this meeting are expected and have not been published yet — most bodies post them weeks after the meeting.
Official agenda ↗ Retrieved 4 November 2026 · the posted agenda governs
Friday 25 September 2026
Saturday 26 September 2026
Sunday 27 September 2026
Monday 28 September 2026
Tuesday 29 September 2026
Wednesday 30 September 2026
Thursday 1 October 2026
Friday 2 October 2026
Saturday 3 October 2026
Government meeting
Party event
Shaded = one of Precinct 125's own bodies
Cancelled