HomeMy WebLinkAbout02-10-2022 IOC Minutes
Minutes
Investment Oversight Committee
Thursday, February 10, 2022
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
10, 2022, at 4:00 p.m. Chair Brigitte Elke with all members present via teleconference.
ROLL CALL
Present: Committee Members Natalie Harnett, Derek Johnson, Erica A. Stewart, Anni
Wang, 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, and City Clerk
Teresa Purrington
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 18,
2021:
PUBLIC COMMENT
None
--End of Public Comment--
ACTION: UPON MOTION BY COMMITTEE MEMBER ERICA A. STEWART,
SECONDED BY COMMITTEE MEMBER JOHNSON, CARRIED 5-0-1 (COMMITTEE
MEMBER MALICOAT ABSENT), to approve the November 18, 2021, minutes, as presented.
City of San Luis Obispo, Title, Subtitle
Minutes - Investment Oversight Committee Minutes of Thursday, February 10, 2022 Page 2
BUSINESS ITEMS
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 HARNETT, SECONDED BY
COMMITTEE MEMBER WANG, CARRIED 5-0-1, (WITH COMMITTEE MEMBER
MALICOAT ABSENT) recommendation accept the report and adheres to the City’s policies.
COMMENT AND DISCUSSION
By consensus the Committee asked PFM to provide information that influences the investments.
ADJOURNMENT
The meeting was adjourned at 4:44 pm. The next Regular Meeting of the Investment Oversight
Committee is scheduled for Thursday, May 12, 2022, at 3:00 pm.
APPROVED BY INVESTMENT OVERSIGHT COMMITTEE: 05/12/2022