HomeMy WebLinkAbout02-11-2021 IOC Minutes
Minutes
Investment Oversight Committee
Thursday, February 11, 2021
Regular Meeting of the Investment Oversight Committee
CALL TO ORDER
A Regular meeting of the Investment Oversight Committee was called to order on Thursday, February
11, 2021, at 1:31 p.m. in the Council Hearing Room at 990 Palm Street, San Luis Obispo, California,
by Chair Brigitte Elke.
ROLL CALL
Present: Committee Members Heidi Harmon, Natalie Harnett, Debbie Malicoat, and
Chair Brigitte Elke
Absent: Committee Members Derek Johnson
Others Present: Tavy Garcia, Staff, David Reeser, Managing Director for PFM Asset
Management LLC, Monique Spyke, Managing Director for PFM Asset
Management LLC, and Serenity Whorley, recording secretary.
PUBLIC COMMENT ITEMS NOT ON THE AGENDA
None
--End of Public Comment--
APPROVAL OF MINUTES
1. Review of Minutes of the Investment Oversight Committee Meeting of November 12,
2020:
ACTION: UPON MOTION BY COMMITTEE MEMBER MALICOAT, SECONDED BY
COMMITTEE MEMBER HARMON, CARRIED 4-0-1, to approve the NOVEMBER 11,
2020 minutes, as presented.
PUBLIC COMMENT
None
--End of Public Comment--
BUSINESS ITEMS
City of San Luis Obispo, Title, Subtitle
Minutes - Investment Oversight Committee Minutes of Thursday, February 11, 2021 Page 2
2. Presentation of the Quarterly Investment Report on Portfolio Performance
Monique Spyke, Managing Director for PFM Asset Management LLC, and David Reeser,
Managing Director for PFM Asset Management LLC, provided a PowerPoint presentation and
responded to Committee inquiries.
Finance Director Elke (or whomever presents the report) provided a PowerPoint presentation and
responded to Committee inquiries.
Public Comment
None
--End of Public Comment--
ACTION: UPON MOTION BY COMMITTEE MEMBER HARMON, SECONDED BY
COMMITTEE MEMBER MALICOAT, CARRIED 4-0-1, recommendation.
COMMENT AND DISCUSSION
3. Presentation of 2019-20 AFR Investment Report
Tavy Garcia presented the 2019-20 AFR Investment Report.
ADJOURNMENT
The meeting was adjourned at 2:21 pm. The next Regular Meeting of the Investment Oversight
Committee is scheduled for Thursday, May 13, 2021, at 1:30 p.m., in the Council Hearing
Room, 990 Palm Street, San Luis Obispo, California.
APPROVED BY INVESTMENT OVERSIGHT COMMITTEE: 05/13/2021