2013 04 10 IAB MinutesC•7i1RWOX914110140
INVESTMENT ADVISORY BOARD
MINUTES
WEDNESDAY, APRIL 10, 2013
A regular meeting of the La Quinta Investment Advisory Board was called to order
at 4:04 p.m. by Chairman Blum.
PRESENT: Board Members Mortenson, Blum, Spirtos and Donais
ABSENT: Board Member Park
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 March 13, 2013
Motion — A motion was made by Board Members Spirtos /Mortenson to approve the
Investment Advisory Board Minutes of March 13, 2013, as amended with the
addition of two commas on page #1, under Call to Order, behind Board Members
Mortenson and Spirtos names. Motion passed unanimously.
CONSENT CALENDAR ITEMS
1. Transmittal of Treasury Report for February 2013
Ms. Bird presented and reviewed the staff reports for the month of February 2013.
Motion — A motion was made by Board Members Spirtos /Mortenson to review,
receive and file the Treasurer's Report for February 2013 as amended with a
correction on page 6 to the calculation formula under the "Realized Gain" column.
Motion passed unanimously.
INVESTMENT ADVISORY MINUTES 1 April 10, 2013
BUSINESS SESSION
1. Consideration of Fiscal Year 2013/2014 Investment Policy and Work Plan Items
Ms. Bird presented and reviewed the revised Investment Policy according to the
California APT Standards. Ms. Bird further advised that upon approval of the
Investment Policy, and at the direction of the Board, the policy would be forwarded
to the California APT Standards for certification.
The Board and staff reviewed the attached Investment Policy and
changes /additions /deletions are shown in "strikeout" form.
Motion — It was moved by Board Members Mortenson / Spirtos to continue the
review of the 2013/2014 Investment Policy and Work Plan Items. Motion carried
unanimously.
CORRESPONDENCE AND WRITTEN MATERIAL
1. Month End Cash Reports for March 2013 and the Pooled Money Investment
Board Reports for February 2013
Ms. Bird presented the staff reports for March 2013 and the Pool Money
Investment Board Reports for February 2013.
Noted and Filed.
BOARD MEMBER ITEMS
Board Member Spirtos advised the Board of the upcoming Housing Element Update
Workshop shortly after the Investment Advisory Board meeting beginning at 5:30
p.m. to 8:00 p.m. as well as the City of La Quinta's 31st Birthday Celebration on
April 27, 2013 beginning at 10:00 a.m. at the Civic Center Campus.
Ms. Bird updated the Board on the City's status with the State Department of
Finance.
ADJOURNMENT
There being no further business, it was moved by Board members
Mortenson /Donais to adjourn this meeting at 4:40 p.m. Motion passed
unanimously.
INVESTMENT ADVISORY MINUTES 2 April 10, 2013
Res p ctfully s b it
Vianka Orrantia, Senior Secretary
City of La Quinta, California
INVESTMENT ADVISORY MINUTES 3 April 10, 2013