19366_Authority_August

42 The Authority │ August m ember b enefit p roGrAm plGit b oArd b AsiCs How the Board of Trustees serves as your voice at the Pennsylvania Local Government Investment Trust By Matt Conlin, Institutional Sales & Relationship Manager, PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. M any PLGIT (or the Trust) investors recognize that the Trust is different from other investment options available in the Commonwealth of Pennsylvania. Unlike traditional financial institutions, PLGIT’s members own and operate the Trust. PLGIT serves more than 3,300 local governments and schools in Pennsylvania, oversees more than $11 billion in assets (as of December 31, 2025), and provides investors with tools such as online account management, check scanning, procurement cards, and more. In accordance with its information statement and investment policy, PLGIT seeks to invest solely in investments permitted under all applicable codes governing local governments, schools, and municipal authorities in Pennsylvania. PLGIT is governed by a Board of Trustees selected from seven statewide sponsoring associations -- a critical structural difference that sets PLGIT apart. Who votes for the members of that Board? You do, as a PLGIT Investor. That vote is important because PLGIT’s Trustees play a vital role. The Board you help elect performs important work overseeing service providers and helps ensure that PLGIT’s stewardship is sound. Nominated by you, elected by you The 11 members of the all-volunteer Board of Trustees are nominated each year by PLGIT’s sponsoring associations, which include: PMAA, the Pennsylvania Municipal Authorities Association; PSATS, the Pennsylvania State Association of Township Supervisors; PSAB, the Pennsylvania State Association of Boroughs; PML, the Pennsylvania Municipal League; CCAP, the County Commissioners Association of Pennsylvania; PSATC, the Pennsylvania State Association of Township Commissioners; and PASA, the Pennsylvania Association of School Administrators. Those nominees are, in turn, voted for and elected by PLGIT Investors. The Board of Trustees meets quarterly in public meetings to review, discuss, and act on the business of the Trust. To help ensure adequate representation of the diverse interests of participating entities, the Trust’s nominating committee must nominate at least one candidate representing each of the following: boroughs, cities, counties, municipal authorities, school districts, townships of the first class, and townships of the second class. All Trustees must be either an elected official or a full-time employee of their respective municipality or school district. The Trust seeks to maintain a Board that represents a cross-section of entities, geographic regions, and municipalities of varying sizes. (For a full listing of PLGIT Board Members see our website's Board of Trustees page: plgit.com/about-the- program/board-of-trustees.) At its most recent elections in May 2026, Crandall O. Jones was elected as the Board’s new President. He has served as a PLGIT trustee since 2018 and has been the Chief Administrative Officer of Upper Darby Township since 2024. Prior to his role in Upper Darby Township, Jones served as Municipal Administrator for the Municipality of Norristown, Pennsylvania, for nearly 11 years. He has also held city and county