Duties

The Board shall meet at least quarterly to review investment operations. The Board acts in an advisory role and does not make investment decisions.

Consistent with the investment policies and practices of the City of Carlsbad, the Board’s goals are prioritized and include:

• 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

The Board will work with the City Treasurer, the Deputy City Treasurer and investment staff to discuss current market conditions and future trends and how each of these affects the investment portfolio and the city.

Membership and eligibility

The Investment Review Board shall consist of five members, including the City Treasurer. Investment Review Board members shall be appointed as provided in Section 2.15.050(B).

All members of the Investment Review Board shall have:

1. A bachelor’s, master’s or doctoral degree majoring in business administration, public administration, accounting, finance or economics, or
2. The person must have four years of financial work experience, or
3. The person must have one of the following:

• A valid certificate from the California State Board of Accountancy to practice as a Certified Public Accountant;
• A valid Chartered Financial Analyst credential or a Certificate in Investment Performance Management from the CFA Institute;
• A valid Certified Investment Management Analyst certification from the Investments & Wealth Institute; or
• A valid Certified Municipal Treasurer designation from the California Municipal Treasurers Association

 

 

Meetings

Agendas and supporting materials for the next meeting and meetings over the last three months are linked below. Materials for meetings taking place before that are available on our online public records portal.

How to participate

The city welcomes your involvement. Meetings are open to the public and can be watched live on the city website.

Comment in person

If you would like to provide comments to the Investment Review 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 changes that time;
• You may not give your time to another person, but groups can select a single speaker as long as three other members of your group are present. Group representatives have 10 minutes unless that time is changed by the presiding officer.

Comment in writing

• If you wish to provide written comments as part of the record, e-mail your comments to treasury@carlsbadca.gov. Please indicate the agenda item number in your e-mail subject line.
• Emails received by 5 p.m. the day prior to the meeting will be provided to the Investment Review Committee prior to the start of the meeting.
• Other comments will be included with the meeting record. Emailed comments will not be read out loud during the meeting.

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