Palos Verdes Estates, CA
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Investment Policy Advisory Committee Meeting
- Date: 01/17/2023 4:00 PM
- Location: Council Chambers of City Hall
340 Palos Verdes Drive West
Palos Verdes Estates, California 90274
January 17, 2023
4:00 PM
Council Chambers of City Hall
340 Palos Verdes Drive West
Palos Verdes Estates, CA 90274
4:00 PM
Council Chambers of City Hall
340 Palos Verdes Drive West
Palos Verdes Estates, CA 90274
AGENDA
OF A REGULAR MEETING
OF THE INVESTMENT POLICY ADVISORY COMMITTEE
OF PALOS VERDES ESTATES, CA 90274
Upon request, the agenda and documents in the agenda packet can be made available in appropriate alternative formats to persons with a disability in compliance with the Americans with Disabilities Act. Please contact the City Clerk at 310-378-0383, at least 48 hours prior to the meeting to request a disability-related modification or accommodation.
The Investment Policy Advisory Committee is a new committee, effective July 1, 2017. With the City Treasurer, the Committee shall be responsible for recommending investment brokers, proposing changes to investment policy and practices, presenting investment reports, and evaluating and recommending banking-related matters. Meetings are to review, discuss and develop recommendation on matters such as investment and banking vendors, policy, transactions, returns and performance, brokers, and strategy. The Investment Policy Advisory Committee, at the direction of the Chairman with concurrence of the Committee, may modify the order of items shown on the agenda.
CALL TO ORDER
ROLL CALL
APPROVAL OF AGENDA
COMMUNICATIONS FROM THE PUBLIC
This portion of the agenda is reserved for comments from the public on items which are NOT on the agenda. Due to state law, no action can be taken by the Council this evening on matters presented under this section. If the Council determines action is warranted, the item may be referred to staff or placed on a future Council agenda.
This portion of the agenda is reserved for comments from the public on items which are NOT on the agenda. Due to state law, no action can be taken by the Council this evening on matters presented under this section. If the Council determines action is warranted, the item may be referred to staff or placed on a future Council agenda.
CONSENT AGENDA
1. MINUTES OF THE SPECIAL MEETING OF THE INVESTMENT ADVISORY COMMITTEE HELD ON AUGUST 30, 2022
Recommendation: Recommendation: Review and Approve.
2. MINUTES OF THE SPECIAL MEETING OF THE INVESTMENT ADVISORY COMMITTEE HELD ON NOVEMBER 30, 2022
Recommendation: Recommendation: Review and Approve.
OLD BUSINESS
3. CONTINUED DISCUSSION OF PORTFOLIO INVESTMENT STRATEGY
Recommendation: That the Committee undertake the following: (1) review of current portfolio status and changes since previous meeting; (2) propose written guidelines for future investment; (3) review other follow-up items from previous meeting.
NEW BUSINESS
4. APPROVE THE QUARTERLY INVESTMENT REPORT FOR QUARTER ENDED DECEMBER 31, 2022
Recommendation: Recommendation: Review and Approve.
5. REVIEW DRAFT CITY CASH FLOW FORECAST
Recommendation: Review and discuss format and timing of City Cash Flow Forecast
6. APPROVE THE RESOLUTION REVISING THE DATE AND TIME OF THE INVESTMENT POLICY ADVISORY COMMITTEE TO BE EFFECTIVE FEBRUARY 1, 2023
Recommendation: Review, approve, and recommend that the City Council adopt Resolution 23-XX.
7. MEETING CITY INVESTMENT BROKERS
Recommendation: Discuss inviting the investment brokers to an Investment Policy Advisory Committee meeting. FUTURE AGENDA ITEMS
ADJOURNMENT TO TUESDAY, APRIL 18, 2023 AT 4:00 P.M.
i. This Investment Policy Advisory Committee meeting can be viewed on demand thereafter on the City Website at www.pvestates.org. I hereby certify under penalty of perjury under the laws of the State of California, that the foregoing agenda was posted on the City Hall Bulletin Boards located by front door located at 340 Palos Verdes Drive West, Palos Verdes Estates, CA 90274, not less than 72 hours prior to the meeting in accordance with Government Code Section 54954.2. Dated this 12th day of January, 2023. Erin Smith, Secretary
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