HomeMy WebLinkAbout11-18-2021 IOC Minutes
Minutes
Investment Oversight Committee
Thursday, November 18, 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,
November 18, 2021, at 1:36 p.m. Chair Brigitte Elke with all members present via teleconference.
ROLL CALL
Present: Committee Members Natalie Harnett, Derek Johnson, Debbie Malicoat, Erica
A. Stewart, Anni Wang, and Chair Brigitte Elke
Absent: None.
Others Present: David Reeser, Managing Director for PFM Asset Management LLC Monique
S. Spkye, Managing Director for PFM Asset Management LLC, and Teresa
Purrington, 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 September 9, 2021.
ACTION: UPON MOTION BY COMMITTEE MEMBER HARNETT, SECONDED BY
COMMITTEE MEMBER MALICOAT, CARRIED 6-0, to approve the September 9, 2021,
minutes, as presented.
BUSINESS ITEMS
2. Presentation of the Quarterly Investment Report on Portfolio Performance
Monique S. Spkye, and David Reeser, Managing Directors for PFM Asset Management LLC
presented the quarterly investment report per September 30, 2021, provide investment results,
current ESG considerations, and portfolio adherence to the City’s investment policy.
Public Comment
None
City of San Luis Obispo, Title, Subtitle
Minutes - Investment Oversight Committee Minutes of Thursday, November , 18, 2021 Page 2
--End of Public Comment--
ACTION: UPON MOTION BY COMMITTEE MEMBER MALICOAT, SECONDED BY
COMMITTEE MEMBER WANG, CARRIED 6 – 0, to accept the quarterly investment report and
finding it in compliance with the City’s investment policy.
COMMENT AND DISCUSSION
Chair Elke provided the Committee an update on the RFP issued for Investment Advisor contract
services. The evaluation and interview process had been concluded with a recommendation to
contract with PFM Asset Management, LLC.
ADJOURNMENT
The meeting was adjourned at 2:32 pm. The next Regular Meeting of the Investment Oversight
Committee is scheduled for Thursday, February 10 , 2022, at 1:30 p.m., in the Council Hearing
Room, 990 Palm Street, San Luis Obispo, California.
APPROVED BY INVESTMENT OVERSIGHT COMMITTEE: 02/10/2022