1994 09 14 IAB Minutes INVESTMENT ADVISORY BOARD
MINUTES
SEPTEMBER 14, 1994
I CAI.I, TO ORDER
Regular meeting of the La Quinta Investment Advisory Board was called to order at the
hour of 5:30 P.M. by Chairperson Lewis, followed by the Pledge of Allegiance.
PRESENT: Board Members Brown, Gilreath, Sales and
Chairperson Lewis
ABSENT: Vacancy
II CONFIRMATION OF AGENDA
Confirmed.
III pIIBLIC COMMENT
None
IV CONSENT CALENDAR
A. Approval of Investment Advisory Board Minutes of July 20, 1994,
August 17, 1994 and August 31, 1994.
MOTION - It was moved by Board Members Sales/Brown to approve
the minutes of the July 20, 1994, August 17, 1994 and August 3 l, 1994
Investment Advisory Board meetings. Motion carried unanimously.
V i~IISINESS SESSION
A. Transmittal of Treasurers Report dated June 30, 1994.
MOTION - It was moved by Board Members Brown/C. nSkeath to
approve the Treasurers Report dated June 30, 1994 as submitted. Motion
carried unanimously.
Investment Advisory Board 2 September 14, 1994
Minutes
VI STIJDY SESSION
A. Discussion of Investment Strategy Plan.
The Investment Advisory Board discussed goals for the Investment
Strategy Plan. Mr. Parzonko indicated that he would bring graphs and
model portfolios to the October 12, 1994 meeting for review by the
Board.
VII BOARD MEMBER COMMENTS
None
VIII ADJOIIRNMENT
MOTION - It was moved by Board Members Brown/Sales to adjourn the
meeting. Motion carried unanimously.
'%!-~,~~ M E M O R A N D U M
TO: Investment Advisory Board Members
FROM: Thomas P. Genovese, City Manager
RE: Finance Director Position
The City has entered into a contract with David M. Griffith & Associates to conduct
the recruitment for Finance Director. The consultant is already working on the job
flyer. The complete process should take 90 - 120 days.