HomeMy WebLinkAbout11-21-2024 IOC Minutes
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Investment Oversight Committee Minutes
November 21, 2024, 3:00 p.m.
Conference Room 6 at City Hall, 990 Palm Street, San Luis Obispo
Investment Oversight
Committee Members
Present:
Member Anni Wang, Chair Emily Jackson, Principal Budget
Analyst Riley Kuhn, Committee Member Jan Marx
Investment Oversight
Committee Members
Absent:
Member Debbie Malicoat, Interim City Manager Whitney
McDonald
City Staff Present: Policy & Programs Manager Natalie Harnett, Administrative
Assistant Michelle Karpovich
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1. CALL TO ORDER
A Regular Meeting of the San Luis Obispo Investment Oversight Committee was
called to order on November 21, 2024 at 3:00 p.m. in Conference Room #6 at
City Hall, 990 Palm Street, San Luis Obispo, by Chair Jackson.
2. PUBLIC COMMENT FOR ITEMS NOT ON THE AGENDA
Public Comment:
None
--End of Public Comment--
3. CONSENT
3.a CONSIDERATION OF MINUTES - AUGUST 15, 2024 INVESTMENT
OVERSIGHT COMMITTEE MINUTES
Motion By Committee Member Jan Marx
Second By Member Wang
To approve the Investment Oversight Committee Minutes of August 15,
2024.
Ayes (4): Member Wang, Chair Jackson, Principal Budget Analyst Riley
Kuhn, and Committee Member Jan Marx
2
Absent (2): Member Malicoat, and Interim City Manager Whitney
McDonald
CARRIED (4 to 0)
4. BUSINESS ITEMS
4.a PRESENTATION OF THE QUARTERLY INVESTMENT REPORT ON
PORTFOLIO PERFORMANCE & ECONOMIC OUTLOOK
Justin Resuello with PFM Asset Management LLC, provided an update via
PowerPoint presentation and responded to Committee inquiries.
Public Comment:
None
Motion By Member Wang
Second By Committee Member Jan Marx
Recommendation:
Receive and confirm investment policy compliance.
Ayes (4): Member Wang, Chair Jackson, Principal Budget Analyst Riley
Kuhn, and Committee Member Jan Marx
Absent (2): Member Malicoat, and Interim City Manager Whitney
McDonald
CARRIED (4 to 0)
5. COMMENT AND DISCUSSION
5.a STAFF UPDATES AND AGENDA FORECAST
Chair Jackson will provide a brief agenda forecast and updates.
• As of February 28th 2025, the Investment Oversight Committee will
meet every fourth Thursday of the quarter.
6. ADJOURNMENT
The meeting was adjourned at 3:38 p.m. The next Regular Meeting of the
Investment Oversight Committee is scheduled for February 27, 2025 at 3:00 p.m.
in the Council Hearing Room at City Hall, 990 Palm Street, San Luis Obispo.
_________________________
APPROVED BY INVESTMENT OVERSIGHT COMMITTEE: 02/27/2025