HomeMy WebLinkAbout2024-10-24; Investment Review Committee; MinutesINVESTMENT REVIEW COMMITTEE
Special Meeting
Minutes
Oct. 24, 2024, 11 a.m.
CALL TO ORDER: 11 a.m.
ROLL CALL: Korach, Haber, True
Absent: Rocha
Council Chamber
1200 Carlsbad Village Drive
Carlsbad, CA 92008
PLEDGE OF ALLEGIANCE: Committee Chair Korach led the Pledge of Allegiance.
APPROVAL OF MINUTES: None.
PRESENTATIONS:
Staff and advisor introductions.
CONSENT CALENDAR: None.
PUBLIC HEARING: None.
DEPARTMENTAL REPORTS:
1. VICE CHAIR SELECTION -Adoption of Resolution No. 2024-001 appointing a Vice Chair for the
Investment Review Committee. {Staff contact: Katie Schroeder, Treasury Department)
Recommended Action: Adopt resolution appointing a Vice Chair.
No public comments.
Motion by Committee Member Haber, seconded by Committee Member True, to nominate
Committee Member Rocha as Vice Chair and adopt Resolution No. 2024-001. Motion carried,
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.
Committee Chair Korach presented a PowerPoint presentation.
No public comments.
The Investment Review Committee received presentation.
Oct. 24, 2024 Investment Review Committee Special Meeting Page 2
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.
Committee Chair Korach presented a PowerPoint presentation. Resident Advisor Karell
inquired about conducting Treasury operations.
No public comments.
The Investment Review Committee received presentation.
4. APPROVAL OF THE INVESTMENT REVIEW COMMITTEE REGULAR MEETING SCHEDULE:
Adoption of Resolution No. 2024-002 approving the Investment Review Committee 2024
Regular Meeting Schedule and adoption of Resolution No. 2024-003 approving the
Investment Review Committee 2025 Regular Meeting Schedule. (Staff contact: Katie
Schroeder, Treasury Department)
Recommended Action: Adopt the resolutions for calendar years 2024 and 2025.
No public comments.
Motion by Committee Member Haber, seconded by Committee Member True, to adopt
Resolution No. 2024-002 2024 Regular Meeting Schedule and adopt Resolution No. 2024-003
2025 Regular Meeting Schedule. Motion carried, 3/0/1 (Rocha -absent).
COMMISSION COMMENTARY AND REQUESTS FOR CONSIDERATION OF MATTERS: Resident
Advisor Karell provided reporting suggestion.
ANNOUNCEMENTS: None.
STAFF COMMENTS: None.
ADJOURNMENT: 11:17 a.m.
Katie Schroeder
Senior Accountant