HomeMy WebLinkAbout11-15-2018 IOC MinutesMinutes
Investment Oversight Committee
Thursday, November 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,
November 15, 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: Izac Chyou, Senior Managing Consultant 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 August 16, 2018:
ACTION: UPON MOTION BY COMMITTEE MEMBER JOHNSON, SECONDED BY
COMMITTEE MEMBER FERREIRA, CARRIED 6-0-0, to approve the minutes of August
16, 2018 minutes, as presented.
BUSINESS ITEMS
2.Presentation of the Quarterly Investment Report on Portfolio Performance
a.Review and confirm investment policy compliance
Izac Chyou provided a PowerPoint presentation and responded to Committee inquiries.
City of San Luis Obispo, Title, Subtitle
Minutes - Investment Oversight Committee Minutes of Thursday, November 15 2018 Page 2
Public Comment
None
--End of Public Comment--
ACTION: UPON MOTION BY COMMITTEE MEMBER JOHNSON, SECONDED BY
COMMITTEE MEMBER PARDO, CARRIED 6-0-0, recommendation.
3.Changes to Investment Policies
a. Review and approve proposed changes
Finance Director Elke provided a PowerPoint presentation and responded to Committee inquiries.
Public Comment
None
--End of Public Comment--
ACTION: UPON MOTION BY COMMITTEE MEMBER STEWART, SECONDED BY
COMMITTEE MEMBER JOHNSON, CARRIED 6-0-0, recommendation.
COMMENT AND DISCUSSION
Finance Director Elke provided an agenda forecast. Agreement to research CAMP.
ADJOURNMENT
The meeting was adjourned at 2:42 pm. The next Regular Meeting of the Investment Oversight
Committee is scheduled for Thursday, February 14 , 2018, at 1:30 p.m., in the Council Hearing
Room, 990 Palm Street, San Luis Obispo, California.
APPROVED BY INVESTMENT OVERSIGHT COMMITTEE: 6/6/2019