CITY OF SAN LUIS OBISPO

INVESTMENT OVERSIGHT COMMITTEE

REGULAR QUARTERLY AGENDA

 

 

 

 

 


August 14, 2014

1:30 PM

Conference Room #1, 919 Palm Street

San Luis Obispo, California

 

MISSION: As set forth in the Investment Management Plan, this committee is responsible for reviewing the City’s portfolio on an ongoing basis to determine compliance with the City’s investment policies and for making recommendations to the City Treasurer (Director of Finance and Information Technology) regarding investment management practices.

 

CALL TO ORDER:     Finance & IT Director/Treasurer Padilla

 

ROLL CALL:               Mayor Marx; City Manager Lichtig; Assistant City Manager Codron; Finance & IT Director/Treasurer Padilla; Financial Operations Manager Vilma Warner; Steve Barasch, public member.

 

OTHERS PRESENT: Al Eschenbach, Independent Auditor and ex-officio member; Jayson Schmitt, Chandler Investments;

 

PUBLIC COMMENTS:  At this time, the public is invited to address the Committee concerning items not on the agenda but are of interest to the public and within the subject matter jurisdiction of the Investment Advisory Committee.  Time limit is three minutes.  The Committee may not discuss  or take action on issues that are not  on the agenda other than to briefly respond to statements made or questions raised, or to ask staff to follow up on such issues.

 

1.        Approval of Investment Oversight Committee meeting minutes of May 8, 2014.

 

2.        Presentation of the Quarterly Report and Portfolio Performance.

 

a.    Review and Confirm Investment Policy Compliance.

 

3.        Continue discussion of possible changes to the investment policy including those to allow additional investments with higher yields.

 

4.        Continue discussion of possible changes to the investment policy related to socially responsible investments and consider major elements of such a policy.

 

5.        Discussion regarding the use of local financial institutions for public agency deposits and investments.

 

6.        Topics for future consideration.

 

7.            Adjournment

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The City of San Luis Obispo wishes to make all of its public meetings accessible to the public.  Upon request, this agenda will be made available in appropriate alternative formats to persons with disabilities.  Any person with a disability who requires a modification or accommodation in order to participate in a meeting should direct such request to the City Clerk’s Office at (805) 781-7100 at least 48 hours before the meeting, if possible.  Telecommunications Device for the Deaf (805) 781-7107.

 

Any writings or documents provide to a majority of the Committee regarding any item on this agenda will be made available for public inspection in the Administration Office located at 990 Palm Street, San Luis Obispo, during normal business hours.