HomeMy WebLinkAbout08-11-2022 IOC MinutesMinutes
Investment Oversight Committee
Thursday, August 11, 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 3:04 p.m. in the Council Hearing Room at City Hall, 990 Palm Street, San Luis Obispo, by
Member Debbie Malicoat.
ROLL CALL
Present:
Absent:
Committee Members Natalie Hamett, Debbie Malicoat, Derek Johnson and
Erica A. Stewart
Committee Members Anni Wang, and Chair Brigitte Elke
Others Present: David Reeser, Sarah Meacham, and Sarah Walsh, 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 May 12, 2022
PUBLIC COMMENT
None
--End of Public Comment--
ACTION: UPON MOTION BY COMMITTEE MEMBER HARNETT SECONDED BY
COMMITTEE MEMBER JOHNSON CARRIED 4-0-2 (COMMITTEE MEMBER WANG
AND CHAIR ELKE ABSENT), to approve the May 12, 2022, minutes, as presented.
BUSINESS ITEMS
2.Presentation of the Quarterly Investment Report on Portfolio Performance & Economic
Outlook
Sarah Meacham, Sarah Walsh, and David Reeser, 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 HARNETT, SECONDED BY
COMMITTEE MEMBER STEWART, CARRIED 4-0-2 (COMMITTEE MEMBER WANG
AND CHAIR ELKE ABSENT) recommendation accept the report and adheres to the City's
policies.
COMMENT AND DISCUSSION
None
ADJOURNMENT
The meeting was adjourned at 3:58 p.m. The next Regular Meeting of the Investment
Oversight Committee is scheduled for Thursday, November 17, 2022, at 3:00 p.m.
APPROVED BY INVESTMENT OVERSIGHT COMMITTEE: 11/17/2022
Minutes -Investment Oversight Committee Minutes of Thursday, August 11, 2022 Page 2