SR - - REPORT PERIOD ENDING OCTOBER 30 20161. SUBJECT:
Investment Oversight Committee Report for the period ending October 30, 2016.
2. SUMMARY:
This report summarizes the activity of the Investment Oversight Committee.
3. RECOMMENDATION /ACTION:
Receive and file.
4. FISCAL IMPACT
None.
5. STRATEGIC PLAN
2d. Be a Fiscally Healthy Community — Effectively manage and develop City assets.
6. GENERAL PLAN IMPLEMENTATION
7. DISCUSSION and BACKGROUND
As required by the Orange Municipal Code Section 2.50.020, the Investment Oversight
Committee reports to the City Council summarizing the Committee meetings and submitting any
recommendations of the Investment Advisory Committee.
Since the last Investment Oversight Committee Report, the Investment Oversight Committee
held a meeting on October 27, 2016. This meeting was combined with the Investment Advisory
Committee meeting. The purpose of this meeting was to review current investment activity and
to discuss relative Treasury issues. Following is a summary of the specific items discussed at
this meeting.
1) Investment Rates and Portfolio Updates — Rate reports were presented for the period October
2015 through September 2016. There were discussions regarding the interest rate
environment. In addition, attention was given to the recent interest rate trends in both the
U.S. Treasury market and in the Local Agency Investment Fund (LAIF). Update on the
investment portfolio was also presented.
2) Treasurer's Investment Reports — The investment activity for the months of July, August, and
September, and the City's position in each category of investment that includes Treasuries,
Agencies, and Pooled Investments was discussed. This report is also on the City Council
agenda for the November 9, 2016 meeting as item 3.4.
3) Sales Tax Receipts — An update on sales tax receipts was presented.
4) California Forecast - Sales Tax Trends and Economic Drivers — There were discussions in
regards to California sales tax trends as well as national and statewide economic drivers.
5) City Update — An update was presented regarding what is happening at the City level.
8. ATTACHMENTS
None
CITY COUNCIL MINUTES NOVEMBER 9, 2016
1.4 PRESENTATIONS/ ANNOUNCEMENTS/ INTRODUCTIONS (Continued)
Presentation by the Sons of Italy to the Orange Public Library
Introduction of the contestants for the 2016 Miss Orange pageant
Presentation of a Proclamation for Pancreatic Cancer Month
2. PUBLIC COMMENTS
Annabell Liao, Chapman University Student Government Association President — invited
the community to the Student & Neighbor Get Together on November 12 from 11:00 a.m.
to 1:00 p.m.
Heidi Zimmerman — spoke regarding assisting the homeless in the riverbed.
Lou Noble — spoke regarding assisting the homeless in the riverbed.
Ruth Hull — spoke regarding assisting the homeless in the riverbed.
3. CONSENT CALENDAR
All items on the Consent Calendar are considered routine and are enacted by one motion
approving the recommended action listed on the Agenda. Any member of the City Council,
staff or the public may request an item be removed from the Consent Calendar for
discussion or separate action. Unless otherwise specified in the request to remove an item
from the Consent Calendar, all items removed shall be considered immediately following
action on the remaining items on the Consent Calendar.
3.1 Confirmation of warrant registers dated October 6, 13, 20, and 27, 2016. (C2500.J.1.7)
ACTION: Approved.
3.2 City Council Minutes, Regular Meeting of October 11, 2016. (C2500.D.4)
ACTION: Approved.
3.3 Waive reading in full of all ordinances on the Agenda.
ACTION: Approved.
3.4 Monthly Treasurer's Reports for July, August, and September 2016. (C2500.F)
ACTION: Received and filed.
3.5 Investment Oversight Committee Report for the period ending October 30, 2016.
(OR1800.0.27.16)
ACTION: Received and filed.
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