2016 05 11 IAB Minutes
INVESTMENT ADVISORY MINUTES 1 MAY 11, 2016
INVESTMENT ADVISORY BOARD
MINUTES
WEDNESDAY, MAY 11, 2016
CALL TO ORDER
A regular meeting of the La Quinta Investment Advisory Board was called to order at
4:00 p.m. by Chairman Mortenson.
PRESENT: Board Members Park, Mortenson, Donais and Batavick
ABSENT: None
STAFF PRESENT: Finance Director Rita Conrad, Management Assistant, Vianka
Orrantia and Accounting Manager, Karla Campos
PUBLIC COMMENT – None
CONFIRMATION OF AGENDA – Confirmed
APPROVAL OF MINUTES
Motion – A motion was made and seconded by Board Members Batavick/Park to
approve the Minutes of February 10, 2016 as submitted. Motion passed unanimously.
CONSENT CALENDAR ITEMS
1. Receive and File the Third Quarter Fiscal Year 2015/2016 Treasury and Pooled
Money Reports for January, February, and March 2016
Motion – A motion was made and seconded by Board Members Park/Donais to receive
and File the Third Quarter Fiscal Year 2015-2016 Treasury and Pooled Money Reports
for January, February, and March 2016.
BUSINESS SESSION
1. Consideration of Fiscal Year 2016/2017 Investment Policy and Work Plan Items
Finance Director Conrad presented the red lined updated investment policy and work
plan items with the suggested revisions from the meeting on February 10, 2016.
Motion - It was moved and seconded by Board Members Batavick/Park to approve the
2016/2017 Investment Policy and Work Plan Items. Motion passed unanimously
INVESTMENT ADVISORY MINUTES 2 MAY 11, 2016
2.Consideration of Fiscal Year 2016/2017 Meeting Schedule
Finance Director Conrad presented the proposed meeting schedule for fiscal year
2016/2017. The Investment Advisory Board is scheduled to meet on August 10, 2016;
November 9, 2016; February 8, 2017 and May 10, 2017 for the upcoming fiscal year.
Motion – It moved and seconded by Board Members Donais/Park to approve the
2016/2017 Investment Policy and Work Plan Items. Motion passed unanimously.
CORRESPONDENCE AND WRITTEN MATERIAL – None
BOARD MEMBER ITEMS – None
DIRECTOR’S ITEMS
ADJOURNMENT
There being no further business, it was moved and seconded by Board Members
Park/Donais to adjourn this meeting at 4:20 p.m. Motion passed unanimously.
Respectfully submitted,
Karla Campos
Karla Campos, Finance Director
City of La Quinta, California