HomeMy WebLinkAbout05-13-2021 IOC Minutes
Minutes
Investment Oversight Committee
Thursday, May 13, 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, May 13,
2021, at 1:30 p.m. in the Council Hearing Room at 990 Palm Street, San Luis Obispo, California, by
Chair Brigitte Elke.
ROLL CALL
Present: Committee Members Natalie Harnett, Derek Johnson, Erica A. Stewart, and
Chair Brigitte Elke
Absent: Committee Member Debbie Malicoat
Others Present: David Reeser, Managing Director for PFM Asset Management LLC, Monique
Spyke, Managing Director for PFM Asset Management LLC, Stephanie Xiao,
Senior Analyst 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 February 11, 2021:
ACTION: UPON MOTION BY COMMITTEE MEMBER JOHNSON, SECONDED BY
COMMITTEE MEMBER HARNETT, CARRIED 4-0-1, to approve the February 11, 2021
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, May 13, 2021 Page 2
2. Presentation of the Quarterly Investment Report on Portfolio Performance
Monique Spyke, Managing Director for PFM Asset Management LLC, provided a PowerPoint
presentation and responded to Committee inquiries.
Public Comment
None
--End of Public Comment--
ACTION: UPON MOTION BY COMMITTEE MEMBER JOHNSON, SECONDED BY
COMMITTEE MEMBER STEWART, CARRIED 4-0-1, recommendation.
COMMENT AND DISCUSSION
Committee member Johnson asked that the committee receive a follow-up session on ESG
investing to better understand the applied criteria and the resulting analysis. The session will be
scheduled for the next regular meeting of the committee.
ADJOURNMENT
The meeting was adjourned at 2:19 pm. The next Regular Meeting of the Investment Oversight
Committee is scheduled for Thursday, August 12 , 2021, at 1:30 p.m., in the Council Hearing
Room, 990 Palm Street, San Luis Obispo, California.
APPROVED BY INVESTMENT OVERSIGHT COMMITTEE: 09/09/2021