2000 02 09 IAB Minutes INVESTMENT ADVISORY BOARD
Meeting
February 9, 2000
I CALL 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 Osborne, followed by the Pledge of Allegiance.
PRESENT: Board Members Bulgrin, Irwin (5:40), Lewis, Moulin (5:35),
Mahfoud, Olander and Chairman Osborne
ABSENT: None
OTHERS PRESENT: John Falconer, Finance Director and Debbie DeRenard,
Secretary
II PUBLIC COMMENT- None
III CONFIRMATION OF AGENDA- Confirmed
IV CONSENT CALENDAR
A. Approval of Minutes of Meeting on January 12, 2000 for the Investment '
Advisory Board.
MOTION - It was moved by Board Members IrWin/Olander to approve
the Minutes of January 12, 2000. Motion carried unanimously.
V BUSINESS SESSION
A. Transmittal of Treasury Report for December 1999
MOTION - It was moved by Board Members Moulin, Irwin to review,
receive and file the Treasurers Report for December 1999. Motion
carried unanimously.
Investment Advisory Board February 9, 2000
Minutes
B. Fiscal Year 99/00 Treasurers Conference - Concord, CA
Mr. Falconer advised that the conference alternates between Northern and
Southern California each year. This year the conference will be held in
Concord, CA. He further advised that a list of past Board Member attendees
has been provided for the Board.
In response to Board Member Irwin, Mr. Falconer advised that a conference
agenda has not been received.
Board Member Moulin recommended that any Board Member who has not
attended, should try to attend.
Board Member Olander advised that he would like to attend.
Chairman Osborne advised that he would not be able to attend.
Mr. Falconer advised that as soon as an agenda is received - it will be mailed'
to the Board.
MOTION - It was moved by Board members Lewis/Bulgrin to approve Board
Member Olander and one other Board Member (pending schedule) to attend the
Fiscal Year 99/00 Treasurers Conference in Concord, CA. Motion carried
unanimously.
VI CORRESPONDENCE AND WRITTEN MATERIAL
A. Month End Cash Report- January 2000
In response to Board Member Moulin, Mr. Falconer advised that at the
last board meeting, the City Auditor advised that in order to be in
compliance the Quarterly Investment Summary should be reported to the
City Council and Board and that the report was attached for their
review.
Investment Advisory Board February 9, 2000
Minutes
B. Pooled Money Investment Board Reports - November 1999
Noted and filed.
VII BOARD MEMBER ITEMS - None
VIII ADJOURNMENT
MOTION - It was moved by Board Members Lewis/Irwin to adjourn the meeting
at 6:17 p.m.. Motion carried unanimously.
Submitted by,
Debbie DeRenard
Secretary