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HomeMy WebLinkAbout2024-10-24; Investment Review Committee; Agendas Council Chamber 1200 Carlsbad Village Dr. Carlsbad, CA 92008 carlsbadca.gov INVESTMENT REVIEW COMMITTEE Special Meeting Oct. 24, 2024, 11 a.m. Welcome to the Investment Review Committee Meeting We welcome your interest and involvement in the city’s legislative process. This agenda includes information about topics coming before the Investment Review Committee and the action recommended by city staff. You can read about each topic in the staff reports, which are available on the city website. How to watch In Person Online City Council Chamber 1200 Carlsbad Village Drive Watch the livestream at carlsbadca.gov/watch How to participate If you would like to provide comments to the Committee, please:  Fill out a speaker request form, located in the foyer.  Submit the form to the Clerk before the item begins.  When it’s your turn, the Clerk will call your name and invite you to the podium.  Speakers have three minutes, unless the presiding officer (usually the chair) changes that time.  You may not give your time to another person but can create a group. A group must select a single speaker as long as three other members of your group are present. All forms must be submitted to the City Clerk before the item begins and will only be accepted for items listed on the agenda (not for general public comment at the beginning of the meeting). Group representatives have 10 minutes unless that time is changed by the presiding officer or the Committee.  In writing: Email comments to treasury@carlsbadca.gov. Comments received by 9 a.m. the day of the meeting will be shared with the Committee prior to the meeting. When e-mailing comments, please identify in the subject line the agenda item to which your comments relate. All comments received will be included as part of the official record. Reasonable accommodations Reasonable Accommodations Persons with a disability may request an agenda packet in appropriate alternative formats as required by the Americans with Disabilities Act of 1990. Reasonable accommodations and auxiliary aids will be provided to effectively allow participation in the meeting. Please contact the City Manager’s Office at 442- 339-2821 (voice), 711 (free relay service for TTY users), 760-720-9461 (fax) or manager@carlsbadca.gov by noon on the Wednesday before the meeting to make arrangements. City staff will respond to requests by noon on Thursday, the day of the meeting, and will seek to resolve requests before the start of the meeting in order to maximize accessibility. Agenda Oct. 24, 2024 Page 2 CALL TO ORDER: 11 a.m. ROLL CALL: Korach, Haber, True. Absent: Rocha. PLEDGE OF ALLEGIANCE: Committee Chair Korach led the Pledge of Allegiance. APPROVAL OF MINUTES: None. PRESENTATIONS: Staff and advisor introductions. CONSENT CALENDAR: None. PUBLIC HEARINGS: None. DEPARTMENTAL REPORTS: 1. VICE CHAIR SELECTION: Appointment of a Vice Chair for the Investment Review Committee. (Staff contact: Katie Schroeder, Treasury Department) Recommended Action: Adopt resolution appointing a Vice Chair. ACTION: Adopted Resolution No. 2024-001 appointing Laura Rocha as Vice Chair – 3/0/1 (Rocha – Absent). 2. OVERVIEW OF THE CITY OF CARLSBAD TREASURY DEPARTMENT: Receive an overview of the City of Carlsbad Treasury Department. (Staff contact: Katie Schroeder, Treasury Department) Recommended Action: Receive the presentation. ACTION: Committee received presentation. 3. FISCAL YEAR 2023-24 FOURTH QUARTER INVESTMENT REVIEW: Receive review of the city’s investment portfolio for the fourth quarter of fiscal year 2023-24. (Staff contact: Katie Schroeder, Treasury Department) Recommended Action: Receive the presentation. ACTION: Committee received presentation. 4. APPROVAL OF THE INVESTMENT REVIEW COMMITTEE REGULAR MEETING SCHEDULE: Review and adopt a resolution approving the Investment Review Committee Regular Meeting Schedule as proposed by staff. (Staff contact: Katie Schroeder, Treasury Department) Recommended Action: Adopt the resolutions for calendar years 2024 and 2025. ACTION: Adopted Resolution No. 2024-002 approving the 2024 Regular Meeting Calendar; and Adopted Resolution No. 2024-003 approving the 2025 Regular Meeting Calendar – 3/0/1 (Rocha – Absent). Oct. 24, 2024 Page 3 COMMITTEE MEMBER COMMENTARY AND REQUESTS FOR CONSIDERATION OF MATTERS: This portion of the agenda is for the Committee to make brief announcements, brief reports of their activities and requests for future agenda items. STAFF COMMENTS: ADJOURNMENT: 11:17 a.m.