HomeMy WebLinkAbout05-12-2022 IOC MinutesMinutes
Investment Oversight Committee
Thursday, May 12, 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, May 12,
2022, at 3 :00 p.m. in the Council Hearing Room at City Hall, 990 Palm Street, San Luis Obispo, by
Chair Brigitte Elke.
ROLL CALL
Present:
Absent:
Committee Members Natalie Hamett, Debbie Malicoat, Anni Wang, and Chair
Brigitte Elke
Committee Members Derek Johnson and Erica A. Stewart
Others Present: David Reeser, Managing Director for PFM Asset Management LLC, Monique
Spyke, Managing Director for PFM Asset Management LLC, and Deputy City
Clerk Megan Wilbanks
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 10, 2022
PUBLIC COMMENT
None
--End of Public Comment--
ACTION: UPON MOTION BY COMMITTEE MEMBER WANG SECONDED BY
COMMITTEE MEMBER HARNETT CARRIED 4-0-0 (COMMITTEE MEMBERS
JOHNSON AND STEWART ABSENT), to approve the February 10, 2022, minutes, as
presented.
BUSINESS ITEMS
2.Presentation of the Quarterly Investment Report on Portfolio Performance & Economic
Outlook
Monique Spyke and David Reeser, Managing Directors for PFM Asset Management LLC,
provided an update via PowerPoint presentation and responded to Committee inquiries.
Public Comment
None
--End of Public Comment--
ACTION: UPON MOTION BY COMMITTEE MEMBER MALICOAT, SECONDED BY
COMMITTEE MEMBER WANG, CARRIED 4-0-0 (COMMITTEE MEMBERS JOHNSON
AND STEWART ABSENT) recommendation accept the report and adheres to the City's
policies.
COMMENT AND DISCUSSION
None
ADJOURNMENT
The meeting was adjourned at 4:00 p.m. The next Regular Meeting of the Investment
Oversight Committee is scheduled for Thursday, August 11, 2022, at 3:00 p.m.
APPROVED BY INVESTMENT OVERSIGHT COMMITTEE: 08/11/2022
Minutes -Investment Oversight Committee Minutes of Thursday, May 12, 2022 Page 2