HomeMy WebLinkAbout08-16-2018 IOC Minutes
Minutes - FINAL
Investment Oversight Committee
Thursday, August 16, 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, August
1, 2018, at 1:30 p.m. in the Council Hearing Room at 990 Palm Street, San Luis Obispo, California,
by Chair Brigitte Elke.
ROLL CALL
Present: Committee Members Alex Ferreira, Heidi Harmon, Derek Johnson, Rico Pardo,
Shay Stewart (Public Member), and Chair Brigitte Elke
Absent: None
Others Present: Ex-officio member; Izac Chyou, Senior Managing Consultant for PFM Asset
Management LLC and Teresa Purrington, City Clerk
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 May 10, 2018:
ACTION: UPON MOTION BY COMMITTEE MEMBER FERREIRA, SECONDED BY
COMMITTEE MEMBER PARDO, CARRIED 6-0-0, to approve the May 10, 2018 minutes,
as presented.
PUBLIC COMMENT
None.
--End of Public Comment--
BUSINESS ITEMS
2. Presentation of the Quarterly Investment Report on Portfolio Performance
a. Review and confirm investment policy compliance
City of San Luis Obispo, Title, Subtitle
Minutes - Investment Oversight Committee Minutes of Thursday, August 16, 2018 Page 2
Izac Chyou, Senior Managing Consultant for PFM Asset Management LLC provided a
PowerPoint presentation and responded to Committee inquiries.
Public Comment
None
--End of Public Comment--
ACTION: UPON MOTION BY COMMITTEE MEMBER FERREIRA SECONDED BY
COMMITTEE MEMBER HARMON, CARRIED 6-0-0, to approve the portfolio as
amended.
3. Items to be addressed at a future meeting.
By consensus the Board requested that once a year they get a report on the socially responsible
portion of the portfolio.
4. Review Investment Oversight Committee calendar.
ADJOURNMENT
The meeting was adjourned at 1:20 pm. The next Regular Meeting of the Investment Oversight
Committee is scheduled for Thursday, November 15, 2018, at 1:30 p.m., in the Council
Hearing Room, 990 Palm Street, San Luis Obispo, California.
APPROVED BY INVESTMENT OVERSIGHT COMMITTEE: 11/15/2018