HomeMy WebLinkAbout02-07-2018 Minutes IAC IOC (unsigned)MINUTES
INVESTMENT ADVISORY (IAC) COMMITTEE
INVESTMENT OVERSIGHT (IOC) COMMITTEE
Wednesday, February 7, 2018, 3:00 p.m. - Finance Conference Room
PRESENT:
IAC COMMITTEE
Robert Foley, Chair
Ken Romero
Larry Sallinger
IOC COMMITTEE (non-voting)
Richard Rohm, City Treasurer
Will Kolbow, Finance Director
Rick Otto, City Manager
STAFF
Josephine Chan, Investment/Revenue Officer
Diane Hornsby, Executive Assistant
1. Call to Order
Chairman Robert Foley called the meeting to order at 3:00 p.m.
2. Approval of Meeting Minutes of November 1, 2017
Mr. Foley moved to approve; Mr. Romero seconded; motion carried.
3. Rate Summary
Highs and lows for various investments during period of January through December 2017.
Action: Received and filed
4. Investment Portfolio Update
A report showing City's portfolio's investment percentages in various areas, as of January 30,
2018.
Action: Received and filed
5. Treasurer's Investment Reports for October, November, and December 2017
Explanation of disbursements, investment activity, and sales tax revenue by month.
Action: Received and filed.
6. Sales Tax Update
Major sales tax categories, comparing latest quarter to corresponding quarter of previous year.
Action: Received and filed.
7. California Economic & Business Review
i) Chapman Economic & Business Review
ii) California Forecast: Sales Tax & Economic Drivers
Action: Received and filed.
DATE OF J I -
Minutes of the Joint Meeting of the
Investment Advisory and Investment Oversight
Committees, February 7, 2018
8. City Update
A verbal report on city projects being planned and in progress, i.e., completion of Lemon/Chapman
parking structure; Council approval of apartment project on West Katella; and grand reopening of
Yorba Park on April 7.
9. Next meeting date
Wednesday, May 2, 2018, at 3:00 p.m. in the Finance Conference Room.
10. Public Comment - It was agreed to mail agenda packets one week before meetings instead of
two weeks.
11. Adjournment-The meeting was adjourned at 3:28 p.m.
Robert Foley, Chair
Investment Advisory Committee
Richard Rohm, City Treasurer
Investment Oversight Committee
Distribution:
Mayor and City Council
Finance Director, IOC
Investment Advisory Committee
City Manager, IOC
City Treasurer, IOC
2
Investment/Revenue Officer
City Clerk