HomeMy WebLinkAbout06-06-2019 IOC Minutes
Minutes
Investment Oversight Committee
Thursday, June 6, 2019
Regular Meeting of the Investment Oversight Committee
CALL TO ORDER
A regular meeting of the Investment Oversight Committee was called to order on Thursday, June 6,
2019, at 1:30 p.m. in the Council Hearing Room at 990 Palm Street, San Luis Obispo, California, by
Chair Brigitte Elke.
ROLL CALL
Oath of Office: Oath of Office taken by Committee Members Daniel Humphrey and Debbie
Malicoat
Present: Committee Members Daniel Humphrey (Public Member), Derek Johnson,
Debbie Malicoat, and Chair Brigitte Elke
Absent: Committee Member Heidi Harmon.
Others Present: Monique S. Spyke, Managing Director for PFM Asset Management LLC and
Serenity Whorley, Recording Secretary
PUBLIC COMMENT ITEMS NOT ON THE AGENDA
NONE
--End of Public Comment--
APPROVAL OF MINUTES
1. Review of Minutes of the Investment Oversight Committee Meeting of November 15,
2018:
ACTION: UPON MOTION BY COMMITTEE MEMBER MALICOAT, SECONDED BY
COMMITTEE MEMBER JOHNSON, CARRIED 4-0-0, to approve the November 15, 2018
minutes, as presented.
PUBLIC COMMENT
NONE
--End of Public Comment--
City of San Luis Obispo, Title, Subtitle
Minutes - Investment Oversight Committee Minutes of Thursday, June 6, 2019 Page 2
BUSINESS ITEMS
2. Presentation of the Quarterly Investment Report on Portfolio Performance
a. Review and confirm investment policy compliance
Monique S. Spyke, Managing Director for PFM Asset Management LLC, provided a
PowerPoint presentation and responded to Committee inquiries.
ACTION: UPON MOTION BY COMMITTEE MEMBER JOHNSON, SECONDED BY
COMMITTEE MEMBER HUMPHREY, CARRIED 4-0-0, recommendation.
3. Changes to Investment Policies
a. Review and approve proposed changes
Finance Director Elke (or whomever presents the report) provided a PowerPoint presentation and
responded to Committee inquiries.
Public Comment
NONE
--End of Public Comment--
ACTION: Postponed to allow staff time update Cash Flow analysis and produce market
information.
COMMENT AND DISCUSSION
Finance Director Elke provided an agenda forecast. Update cashflow analysis.
ADJOURNMENT
The meeting was adjourned at 2:20 pm. The next Regular Meeting of the Investment Oversight
Committee is scheduled for Thursday, August 15 , 2019, at 1:30 p.m., in the Council Hearing
Room, 990 Palm Street, San Luis Obispo, California.
APPROVED BY INVESTMENT OVERSIGHT COMMITTEE: 08/15/2019