HomeMy WebLinkAbout08-13-15 IOC AgendaCITY OF SAN LUIS OBISPO
INVESTMENT OVERSIGHT COMMITTEE
REGULAR QUARTERLY AGENDA
August 13, 2015
1:30 PM
Council Hearing Room 990 Palm Street
San Luis Obispo, California
MISSION: As set forth in the Investment Management Plan, this committee is responsible for
reviewing the City’s portfolio on an ongoing basis to determine compliance with the City’s
investment policies and for making recommendations to the City Treasurer (Director of Finance
and Information Technology) regarding investment management practices.
CALL TO ORDER: Finance & IT Director/Treasurer Padilla
ROLL CALL: Mayor Marx; City Manager Lichtig; Assistant City Manager Codron;
Finance & IT Director/Treasurer Padilla; Financial Operations Manager
Vilma Warner; Steve Barasch, public member.
OTHERS PRESENT: Al Eschenbach, Independent Auditor and ex-officio member; Carlos
Oblites, PFM Asset Management LLC.
PUBLIC COMMENTS: At this time, the public is invited to address the Committee
concerning items not on the agenda but are of interest to the public and within the subject
matter jurisdiction of the Investment Advisory Committee. Time limit is three minutes. The
Committee may not discuss or take action on issues that are not on the agenda other than
to briefly respond to statements made or questions raised, or to ask staff to follow up on such
issues.
1. Review of Investment Oversight Committee meeting minutes of May 14, 2015
a. Recommend approval of the minutes
2. Presentation of the Quarterly Investment Report on Portfolio Performance
a. Review and confirm investment policy compliance
3. Discussion of the 2015-16 Annual Cash Liquidity Requirement Equal to 3 months of
operating costs based on the most recently adopted annual budget.
Investment Oversight Committee Regular Quarterly Agenda for May 13, 2015 Page 2
4. Discuss the future investment strategy in light of possible Federal Reserve Bank actions
affecting interest rates and the results of the recent cash flow and liquidity analysis
5. Items to be addressed at a future meeting
6. Adjourn to the next meeting to be held on November 12, 2015 at 1:30 pm.
_________________________________________________________________________
The City of San Luis Obispo wishes to make all of its public meetings accessible to the
public. Upon request, this agenda will be made available in appropriate alternative formats to
persons with disabilities. Any person with a disability who requires a modification or
accommodation in order to participate in a meeting should direct such request to the City
Clerk’s Office at (805) 781-7100 at least 48 hours before the meeting, if possible.
Telecommunications Device for the Deaf (805) 781-7107.
Any writings or documents provide to a majority of the Committee regarding any item on this
agenda will be made available for public inspection in the City Clerk’s Office located at 990
Palm Street, San Luis Obispo, during normal business hours.