HomeMy WebLinkAbout02-15-2018 IOC Minutes
Minutes
Investment Oversight Committee
Thursday, February 15, 2018
Regular Meeting of the Investment Oversight Committee
CALL TO ORDER
A Regular meeting of the Investment Oversight Committee was called to order on Thursday, February
15, 2018 at 1:30 p.m. in the Council Hearing Room at 990 Palm Street, San Luis Obispo, California,
by Chair Johnson.
ROLL CALL
Present: Committee Members Mayor Harmon, Steve Barasch, Derek Johnson, Rico
Pardo, Chair Xenia Bradford, and Greg Hermann
Absent:
Others Present: Al Eschenbach, Independent Auditor and ex-officio member, Izac Chyou, PFM
Asset Management LLC (City’s Investment Advisor); Kelly Medina, Finance
Administrative Assistant & Recording Secretary
PUBLIC COMMENT ON ITEMS NOT ON THE AGENDA
None.
---End of Public Comment---
1. REVIEW OF INVESTMENT OVERSIGHT COMMITTEE MEETING MINUTES
OF NOVEMBER 6, 2017
ACTION: MOTION BY COMMITTEE MEMBER JOHNSON, SECOND BY
COMMITTEE MEMBER HERMANN, CARRIED 6-0 to approve the Investment Oversight
Committee Meeting minutes of November 6, 2017.
City of San Luis Obispo, Title, Subtitle
Minutes - Investment Oversight Committee Minutes of February 15, 2018 Page 2
2. PRESENTATION OF THE QUARTERLY INVESTMENT REPORT ON
PORTFOLIO PERFORMANCE
City Investment Advisor Izac Chyou reviewed the contents of the report and summarized the
portfolio’s performance.
Committee questions followed.
Public Comment:
None.
---End of Public Comment---
ACTION: MOTION BY COMMITTEE MEMBER JOHNSON, SECOND BY
COMMITTEE MEMBER PARDO, CARRIED 6-0, to accept the Quarterly Investment
Report for the period ending December 31, 2017 is in compliance with the City’s Investment
Policy.
3. ITEMS TO BE ADDRESSED AT A FUTURE MEETING
Possibility of PFM managing Pension Trust
4. DISCUSSION OF INVESTMENT OVERSIGHT COMMITTEE CALENDAR
The next committee meeting is scheduled for May 10, 2018.
Steve Barasch stated that this is his last meeting and Derek Johnson stated that Clerk’s Office
is recruiting for a Citizen member to join the committee by the May meeting.
ADJOURNMENT
The meeting was adjourned at 2:08 pm.
APPROVED BY INVESTMENT OVERSIGHT COMMITTEE: 05/10/2018