SUMMARY OF ACTIONS
CITY OF CAMARILLO
INVESTMENT COMMITTEE
MONDAY, AUGUST 25, 2025
CALL TO ORDER: The meeting was called to order at 8:30 a.m.
Committee Members Present: Councilmember Dr. Marita Martinez-Bravo, Mayor Kevin Kildee, Frank Spinale, and Wayne Davey
PUBLIC COMMENTS:
None.
INFORMATIONAL ITEMS:
A. Summary of Actions for the meeting held June 23, 2025 Recommendation: Received.
DISCUSSION ITEMS:
B. Investment Reports for June and July 2025
Recommendation: Received.
C. Quarterly Report by Investment Advisor
Jayson Schmitt presented the Quarterly Report as of June 30, 2025.
Councilmember Martinez-Bravo requested agricultural industry data be included in the quarterly investment report. Jayson has obtained information from Wells Fargo on the agricultural industry and will share it with staff.
Recommendation: Received.
D. Annual Review of Investment Policy 3.04
Recommendation: The Committee recommended the Investment Policy 3.04 be submitted to City Council for annual review with no changes.
ORAL COMMUNICATIONS:
Mayor Kildee acknowledged recent public concern and ongoing discussions surrounding the economy. He emphasized that while there is a lot of economic “chatter,” the City of Camarillo continues to manage its finances prudently. With a conservative investment portfolio in place, the City is committed to staying the course, focusing on stability, and doing the best it can under current conditions.
Councilmember Martinez-Bravo has spoken with numerous business owners across the country, particularly restaurant owners, who are experiencing a noticeable decline in customers as a result of recent ICE raids. In light of these concerns, she is asking: How can Councilmembers best support local businesses during this time?
ADJOURN: The meeting adjourned at 9:19 a.m.