2013 05 08 IAB MinutesCALL TO ORDER
INVESTMENT ADVISORY BOARD
MINUTES
WEDNESDAY, MAY 8, 2013
A regular meeting of the La Quinta Investment Advisory Board was called to order
at 4:00 p.m. by Chairman Blum.
PRESENT: Board Members Donais, Park, Blum, Spirtos and Mortenson
ABSENT: None
STAFF PRESENT: Finance Director, Robbeyn Bird and Senior Secretary, Vianka
Orrantia
PUBLIC COMMENT — None
CONFIRMATION OF AGENDA— Confirmed
APPROVAL OF MINUTES
Approval of the Minutes of April 10, 2013
Motion — A motion was made by Board Members Spirtos /Park to approve the
Minutes of April 10, 2013, as amended with a correction to page 2, under Board
Members items, a correction to the City of La Quinta's birthday celebration to
reflect the 31" birthday, not the 27th. Motion passed unanimously.
CONSENT CALENDAR ITEMS
1. Transmittal of Treasury Report for March 31, 2013
Ms. Bird presented and reviewed the staff report for the month of March.
INVESTMENT ADVISORY MINUTES 1 May 8, 2013
Motion — A motion was made by Board Members Park /Donais to review, receive
and file the Treasurer's Report for March 31, 2013. Motion passed unanimously.
BUSINESS SESSION
1. Consideration of Fiscal Year 2013/2014 Investment Policy and Work Plan Items
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 Spirtos /Mortenson to approve the
amended draft 2013/2014 Investment Policy and proceed for final approval at the
June 18, 2013 meeting. Motion passed unanimously.
2013/2014 Investment Advisory Board Work Plan Items
Motion — A motion was made by Board Members Spirtos /Mortenson to approve the
2013/2014 Investment Advisory Board Work Plan and proceed for final approval at
the June 18, 2013 meeting. Motion passed unanimously.
CORRESPONDENCE AND WRITTEN MATERIAL
1. Month End Cash Report, April 2013 and the Pooled Money Investment Board
Reports — March 2013
Noted and Filed
BOARD MEMBER ITEMS — None
In response to Board Member Park, Ms. Bird updated the Board on the D.O.F. &
State Controller's Activities
ADJOURNMENT
There being no further business, it was moved by Board Members
Mortenson /Spirtos to adjourn this meeting at 4:34 p.m. Motion passed
City of La Quinta, California
INVESTMENT ADVISORY MINUTES 2 May 8, 2013