Any person having any question concerning any agenda item may call the City Clerk to make an inquiry concerning the item. 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.

1.	Review of Quarterly Cash & Investments Report for FQE September 30, 2024 Recommendation: That the IPAC review and approve submitting the Report, with any recommended changes, to the City Manager with a request that it be placed on the next City Council Meeting Agenda.

Exhibit A 

Exhibit B 

Exhibit C 

Exhibit D 

2.	Report of Monthly Transactions for October 2024 Recommendation: That the IPAC review and approve submitting the Report, with any recommended changes, to the City Manager with a request that it be placed on the next City Council Meeting Agenda.

3.

Status of City Brokers Recommendation: That the IPAC discuss and consider whether to reduce from 4 to 2, the number of brokers authorized to place investment trades on behalf of the City. Request that the new City Treasurer update the Broker Certifications for the brokers chosen. The current brokers of record are as follows:

i.	Robinson Capital

ii.	Higgins Capital

iii.	Stifel Nicolaus & Co.

iv.	Piper Sandler

4.	Review of IPAC Role – Name Change Recommendation: That the IPAC review and approve suggested changes to City Website description and consider whether to rename the Committee the “Investment Advisory Committee.”

Attachment A 

Attachment B 

Attachment C 

Attachment D 

5.	Role & Responsibilities of the City Treasurer Recommendation: Discussion

Attachment A 

6.	Update on Status of Investment Policy Revisions Recommendation: Discussion

7.

IPAC Meeting Dates for Calendar 2025 Recommendation: That the IPAC review the dates in 2025 on which Wednesdays prior to the 15th of the second month following each quarter fall. If any Committee Member knows in advance, they will be unavailable for a meeting, the IPAC will select replacement date. The IPAC shall request that Staff publish these dates on the City Website as soon as possible.

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, and on the City’s Website (pvestates.org) not less than 24 hours prior to the meeting in accordance with Government Code Section 54956.  Dated this 20th day of November 2024.  Tameka Cook, City Clerk