HomeMy WebLinkAbout2025-11-20; Investment Review Board; Resolution 2025-004Exhibit 1
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RESOLUTION NO. 2025-004
A RESOLUTION OF THE INVESTMENT REVIEW BOARD OF THE CITY OF
CARLSBAD, CALIFORNIA, RECOMMENDING ACCEPTANCE OF THE
INVESTMENT REVIEW BOARD WORK PLAN FOR CALENDAR YEAR 2026.
WHEREAS, the Investment Review Board of the City of Carlsbad, California, was established
through the City of Carlsbad Investment Policy adopted by the City Council on May 13, 2025; and
WHEREAS, Chapter 2.15 of the Carlsbad Municipal Code requires that each board or
commission provide to the City Council for its approval an annual work plan of activities to be
undertaken by the board or commission and a subsequent report of its accomplishments; and
WHEREAS, the Investment Review Board held a duly noticed public meeting as prescribed by
law to consider said requirement; and
WHEREAS, at said public meeting, upon hearing and considering all testimony and arguments,
if any, of all persons desiring to be heard, the Investment Review Board considered all factors relating
to the work plan.
NOW, THEREFORE, BE IT RESOLVED by the Investment Review Board of the City of Carlsbad,
California, as follows:
1. That the above recitations are true and correct.
2. That the Investment Review Board is recommending acceptance of the Work Plan for
calendar year 2026.
PASSED, APPROVED AND ADOPTED at a Regular Meeting of the Investment Review Board of
the City of Carlsbad on the 20th day of November, 2025 by the following vote, to wit:
AYES: FRIEDA, GANELIN, RUBINSTEIN, VEIGA, PEACOX
NAYS:
ABSTAIN:
ABSENT:
CHRISTIAN PEACOX, Chair
11/24/2025
11/21/2025
KATIE SCHROEDER, Senior Accountant
INVESTMENT REVIEW BOARD
2026 Work Plan
Mission Statement
The Investment Review Board holds regular quarterly meetings acting only in an advisory role.
The Board reviews investment operations providing oversight of the protection and
management of the principal monies entrusted to the Office of the City Treasurer in compliance
with all federal, state and local laws governing the investment of monies under the control of
the City Treasurer; providing oversight of the investment portfolio’s liquidity and ability to meet
all operating requirements which might be reasonably anticipated; and providing oversight of
investment portfolio’s return on investment within the parameters of prudent risk
management, federal, state and local laws, and the city’s Investment Policy.
Composition
The Investment Review Board is composed of the City Treasurer, acting as the chair, and four
City Treasurer- appointed members approved by the City Council.
Goals & Tasks, calendar year 2026
Quarterly investment oversight of the safety, liquidity, and return with all applicable laws and
best practices.
Annual Investment Policy review of changes that will be presented to City Council for approval.
Attachment A