Per the City’s Investment Policy, the City is required to have an Investment Advisory Committee (IAC) charged with the responsibility to offer advice with respect to the City’s investments and the investment portfolio strategy.
The Committee consists of two (2) City Councilmember’s (the members that hold the position on the Budget and Finance Committee), and up to seven (7) voting members. Committee Members themselves will elect the Chair and Vice-Chair of the IAC. Non-council committee members shall serve at the pleasure of the City Council, and may be removed at anytime by action of the City Council.
City Treasurer: John Bogart
Staff Representative: Finance Director, Frank Davies
Length of Term
City Council Committee members shall be appointed or removed by a majority vote of the City Council annually, based on the Mayor’s recommendation, which will be provided no less than 72 hours in advance of the meeting as part of the staff report. The voting members shall be appointed by the City Council for a term of two years on a staggered basis.
Meetings no more than six times a year, unless otherwise noted.