2015 12 09 IAB MinutesREPORTS/ I NFORMATI ONAL ITEM NO. 23
I NVESTM ENT ADVI SORY BOARD
MI NUTES
Wednesday, December 9, 2015
CALL TO ORDER
A regular meeting of the La Quinta Investment Advisory Board was called to order at
4:00 p.m. by Vice -Chairperson Mortenson.
PRESENT: Board Members Park, Mortenson, Batavick and Donais (4:37 p.m.
via telephone conference)
ABSENT: None
STAFF PRESENT: Finance Director Rta Conrad, and Management Assistant, Vianka
Orrantia
PUBLIC COMMENT - None
CON FI RMATI ON OF AGENDA - Conf i rmed
APPROVAL OF M I N UTES
Approval of the Minutes of July 8, 2015
Motion - A motion was made by Board Members Park/Batavick to approve the Minutes
of July 8, 2015. Motion passed unanimously.
CONSENT CALENDAR ITEMS
1. Receive and File Treasurer's Report and Pooled Money Report for June 2015.
2. Receive and File the Transmittal of the First Quarter Fiscal Year 2015-2016
Treasury Report and Pooled Money Reports for July, August and September.
Motion - A motion was made by Board Members Batavick/Park to receive and file the
Treasurer's Report for June 30, 2015 and the First Quarter Fiscal Year 2015-2015
Treasury Report and the Pooled Money Reports for March 2015.
I NVESTMENT ADVI SORY MINUTES
December 9, 2015
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BUST NESS SESSI ON — None
CORRESPON DEN CE AND W RI TTEN M ATERI AL - None
BOARD MEMBER ITEMS- None
DIRECTOR'S I TEMS
Ms. Conrad presented and reviewed, for informational purposes, a copy of the Year
End Report 2014-2015.
Ms. Conrad informed the Board of the upcoming joint meeting with City Council and all
boards and commissions on February 24, 2016 at 5:30 p.m. at the La Quinta Library.
Ms. Conrad proposed the Board meet in February to begin the review of the
Investment Policy. In addition, she advised the Board of a few issues within the policy
brought to her attention by the Auditors, which will be highlighted for review and
correction at the next scheduled meeting.
Ms. Conrad advised on the current vacancy within the Board and whether or not the
vacancy was going to be filled. Ms. Conrad further advised that she will follow-up with
the Board at the next scheduled meeting.
ADJOU RN M ENT
There being no further business, it was moved by Board Members Park/Batavick
to adjourn this meeting at 4:37 p.m. Motion passed unanimously.
Respectfully submitted,
Vianka Orrantia, Management Assistant
City of La Quinta, California
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