HomeMy WebLinkAbout08-15-2024 IOC MinutesMinutes
Investment Oversight Committee
Thursday, August 15, 2024
Regular Meeting of the Investment Oversight Committee
CALL TO ORDER
A Regular meeting of the Investment Oversight Committee was called to order on Thursday,
August 15, 2024, at 3:02 p.m. in the Council Hearing Room at City Hall, 990 Palm Street,
San Luis Obispo, by Chair Jackson.
ROLL CALL
Present: Committee Members Riley Kuhn, Debbie Malicoat, Jan Marx, and Chair
Emily Jackson
Absent: Committee Members Whitney McDonald and Anni Wang
Others Present: Justin Resuello PFM Asset Management LLC, Antonio Aiello, and
Michelle Karpovich, 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 May 16,
2024
PUBLIC COMMENT
None
--End of Public Comment--
ACTION FOR ITEM 1: UPON MOTION BY COMMITTEE MEMBER MALICOAT
SECONDED BY COMMITTEE MEMBER MARX CARRIED 4-0-2 (with McDonald and
Wang absent), to approve the May 16, 2024, minutes, as presented.
City of San Luis Obispo, Title, Subtitle
Minutes - Investment Oversight Committee Minutes of Thursday, August 15, 2024 Page 2
BUSINESS ITEMS
2.Presentation of the Quarterly Investment Report on Portfolio Performance &
Economic Outlook
Justin Resuello for PFM Asset Management LLC provided an update via PowerPoint
presentation and responded to Committee inquiries.
PUBLIC COMMENT
None
--End of Public Comment--
ACTION FOR ITEM 2: UPON MOTION BY COMMITTEE MEMBER KUHN, SECONDED
BY COMMITTEE MEMBER MARX, 4-0-2 (with McDonald and Wang absent), to approve
the recommendation to accept the report.
COMMENT AND DISCUSSION
None
ADJOURNMENT
The meeting was adjourned at 3:29 p.m. The next Regular Meeting of the Investment
Oversight Committee is scheduled for Thursday, November 21, 2024 at 3:00 p.m.
APPROVED BY INVESTMENT OVERSIGHT COMMITTEE: 11/21/2024