HomeMy WebLinkAbout11-14-2019 IOC MinutesMinutes
Investment Oversight Committee
Thursday, November 14, 2019
Regular Meeting of the Investment Oversight Committee
CALL TO ORDER
A Regular meeting of the Investment Oversight Committee was called to order on Thursday,
November 14, 2019, at 1:30 p.m. in the Council Hearing Room at 990 Palm Street, San Luis Obispo,
California, by Chair Brigitte Elke.
Committee Members Heidi Harmon, Daniel Humphrey (Public Member), Derek
Johnson, Debbie Malicoat, and Chair Brigitte Elke
ROLL CALL
Present:
Absent: None
Others Present: Richard Babbe, Senior Management Consultant for PFM Asset Management
LLC, Natalie Harnett, Staff, and Serenity Whorley, Recording Secretary
APPROVAL OF MINUTES
1.Review of Minutes of the Investment Oversight Committee Meeting of June 15, 2019:
ACTION: UPON MOTION BY COMMITTEE MEMBER MALICOAT, SECONDED BY
COMMITTEE MEMBER HUMPHREY, CARRIED 5-0-0, to approve the June 6, 2019,
minutes, as presented.
PUBLIC COMMENT
None.
--End of Public Comment--
BUSINESS ITEMS
2.Presentation of the Quarterly Investment Report on Portfolio Performance
Richard Babbe, Managing Director for PFM Asset Management LLC, provided a PowerPoint
presentation and responded to Committee inquiries.
Public Comment
None.
City of San Luis Obispo, Title, Subtitle
Minutes - Investment Oversight Committee Minutes of Thursday, November 14, 2019 Page 2
--End of Public Comment--
ACTION: UPON MOTION BY COMMITTEE MEMBER JOHNSON, SECONDED BY
COMMITTEE MEMBER HUMPHREY, CARRIED 5-0-0, recommendation.
COMMENT AND DISCUSSION
Finance Director Elke provided an agenda forecast.
ADJOURNMENT
The meeting was adjourned at 2:07 p.m. The next Regular Meeting of the Investment Oversight
Committee is scheduled for Thursday February 13, 2019 , at 1:30 p.m., in the Council Hearing
Room, 990 Palm Street, San Luis Obispo, California.
APPROVED BY INVESTMENT OVERSIGHT COMMITTEE: 02/13/2020