HomeMy WebLinkAbout05-10-2018 IOC Minutes
Wednesday, May 10, 2018
Regular Meeting of the Investment Oversight Committee
CALL TO ORDER
A Regular meeting of the Investment Oversight Committee was called to order on Wednesday, May
10, 2018, at 1:36 p.m. in the Council Hearing Room at 990 Palm Street, San Luis Obispo, California,
by Chair Johnson.
OATH OF OFFICE
City Clerk Teresa Purrington administered the Oath of Office to Committee Member Shay Stewart
Budget Manager Alex Ferreira, and Interim Finance Director Brigitte Elke
ROLL CALL
Present: Mayor Heidi Harmon; City Manager Derek Johnson; Interim Finance Director
Brigitte Elke, Accounting Manager Controller Rico Pardo; Budget Manager
Alex Ferreira; Committee Member Shay Stewart
Absent: None
Others Present: Al Eschenbach, Independent Auditor and ex-officio member; Izac Chyou, Senior
Managing Consultant for PFM Asset Management LLC and Teresa Purrington,
City Clerk
PUBLIC COMMENT ON ITEMS NOT ON THE AGENDA
None
---End of Public Comment---
BUSINESS ITEMS
1. MINUTES OF THE INVESTMENT OVERSIGHT COMMITTEE MEETING OF
FEBRUARY 15, 2018.
ACTION: MOTION BY COMMITTEE MEMBER ELKE, SECOND BY COMMITTEE
MEMBER FERRIERA, CARRIED 5-0 (MEMBER STEWART ABSTAIN) to approve the
Investment Oversight Committee Meeting minutes of February 15, 2018.
Minutes
Investment Oversight Committee
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.
Public Comment:
None.
---End of Public Comment---
ACTION: MOTION BY COMMITTEE MEMBER PARDO, SECOND BY COMMITTEE
MEMBER FERRIERA, CARRIED 6-0 to accept the Quarterly Investment Report for the
period ending March 30, 2018 and is in compliance with the City’s Investment Policy.
3. ITEMS TO BE ADDRESSED AT A FUTURE MEETING
Report on Cash Flow
4. DISCUSSION OF INVESTMENT OVERSIGHT COMMITTEE CALENDAR
The next committee meeting is scheduled for August 16, 2018.
ADJOURNMENT
The meeting was adjourned at 2:37 pm.
APPROVED BY INVESTMENT OVERSIGHT COMMITTEE: 08/16/2018
Minutes - Investment Oversight Committee Minutes of May 10, 2018 Page 2