Investment Advisory Committee Details
The Investment Advisory Committee was established by City Council Resolution on June 22, 2021. The Committee consists of three members appointed to overlapping three-year terms.
Initially-appointed members will have the length of their appointment determined by lot in order to allow for overlapping terms.
The Investment Advisory Committee is empowered to undertake and perform the following functions: (a) provide oversight and make recommendations to the City Treasurer with respect to investment activities and Legislative Policy No. 1; (b) undertake such activities as the City Council may, from time to time, direct, of the methods and operations of the City Treasurer with respect to investments; © prepare and issue reports to the City Council as the Committee may determine to be appropriate, but not less than once annually, regarding the Committee’s activities and recommendations on matters within its purview; and (d) perform other such functions and activities as the City Council may, from time to time, direct.
Investment Advisory Committee members must be at least 18 years of age, live within the City limits, and be qualified by virtue of education, training, experience, or background to serve in the capacity of advising the City Treasurer on financial investment matters.
Once a regular meeting schedule is determined, the Committee will meet on a semi-annual basis. The initial Committee will determine the date and time for the meetings. Each meeting requires preparation by the Committee, including reading staff reports and related material.