HomeMy WebLinkAbout05-29- 2025 IOC Minutes
1
Investment Oversight Committee Minutes
May 29, 2025, 10:00 a.m.
Council Hearing Room, 990 Palm Street, San Luis Obispo
Investment Oversight
Committee Members
Present:
Committee Member Debbie Malicoat, Committee Member
Whitney McDonald, Committee Member Emily Francis,
Committee Member Riley Kuhn, Member Anni Wang, Chair
Emily Jackson
City Staff Present: Administrative Assistant Michelle Karpovich
_____________________________________________________________________
1. CALL TO ORDER
A Regular Meeting of the San Luis Obispo Investment Oversight Committee was
called to order on May 29, 2025 at 10:07 a.m. in the Council Hearing Room 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 - FEBRUARY 27, 2025 INVESTMENT
OVERSIGHT COMMITTEE MINUTES
Motion By Member Kuhn
Second By Member Malicoat
To approve the Investment Oversight Committee Minutes of February 27,
2025.
Ayes (4): Member Debbie Malicoat, Member Whitney McDonald, Member
Emily Francis, Member Riley Kuhn, Member Anni Wang, Chair Emily
Jackson
CARRIED (6 – 0)
2
4. BUSINESS ITEMS
4.a PRESENTATION OF THE QUARTERLY INVESTMENT REPORT ON
PORTFOLIO PERFORMANCE & ECONOMIC OUTLOOK
Monique Spyke and Justin Resuello, with PFM Asset Management LLC,
provided an update via PowerPoint presentation and responded to
Committee inquiries.
Public Comment:
None
--End of Public Comment--
Motion By Member Wang
Second By Member Kuhn
Receive and confirm investment policy compliance.
Ayes (4): Member Debbie Malicoat, Member Whitney McDonald, Member
Emily Francis, Member Riley Kuhn, Member Anni Wang, Chair Emily
Jackson
CARRIED (6 to 0)
5. COMMENT AND DISCUSSION
5.a STAFF UPDATES AND AGENDA FORECAST
Chair Jackson provided the following update:
• Announced the reappointment of Anne Wang to the Committee.
6. ADJOURNMENT
The meeting was adjourned at 10:49 a.m. The next Regular Meeting of the
Investment Oversight Committee is scheduled for August 28, 2025 at 10:00 a.m.
in the Council Hearing Room at City Hall, 990 Palm Street, San Luis Obispo.
APPROVED BY INVESTMENT OVERSIGHT COMMITTEE: 10/30/2025