2000 04 12 IAB Minutes INVESTMENT ADVISORY BOARD
Meeting
April 12, 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 Irwin, Lewis, Moulin, Olander and
Chairman Osborne
ABSENT: Board Members Bulgrin and Mahfoud
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 March 8, 2000 for the Investment
Advisory Board~
MOTION - It was moved by Board Members Irwin/Moulin to approve the
Minutes of March 8, 2000. Motion carried unanimously.
V BUSINESS SESSION
A. Transmittal of Treasury Report for February 2000
In response to Board member Moulin, Mr. Falconer reviewed the cash
balance with the Board and indicated that the balance could increase by
three million by the end of the year.
Chairman Osborne indicated that the cash balance has increased by
twenty million since he has been a Board Member.
Investment Advisory Board March 8, 2000
Minutes
MOTION - It was moved by Board Members Irwin/Olander to review,
receive and file the Treasurers Report for February 2000. Motion carried
unanimously.
B. Consideration of Fiscal Year 2000/01 Investment Policy
The Board reviewed the attaChed Investment Policy (Attachment No. 1)
and changes/additions/deletions are shown in amended form.
MOTION - It was moved by Board Members Lewis/Moulin to continue
the consideration of Fiscal year 2000/01 Investment Policy. Motion
carried unanimously.
C. Schedule change for June 14, 2000 Meeting
Mr. Falconer advised that due to time constraints for submittal of the
Investment Policy to the City Council and staff vacations it is necessary
to reschedule the June meeting from June 14t~, 2000 to June 7th, 2000.
MOTION - It was moved by Board Members Lewis/Olander to change the
Investment Advisory Board meeting from June 14, 2000 to June 7,
2000. Motion carried unanimously.
VI CORRESPONDENCE AND wRITTEN MATERIAL
A. Month End Cash Report- March 2000 '
Noted and Filed
B. Pooled Money Investment Board Reports - January 2000
Noted and Filed
VII BOARD MEMBER ITEMS - None
Investment Advisory Board March 8, 2000
Minutes
VIII ADJOURNMENT
MOTION - It was moved by Board Members Moulin/Lewis adjourn the meeting
at 6:45 p.m.. Motion carried unanimously.
Submitted by,
Debbie DeRenard
Secretary