CITY OF MOUNTAIN VIEW FRIDAY, DECEMBER 06, 2024, 9:00 A.M.
COUNCIL FINANCE COMMITTEE/
INVESTMENT REVIEW COMMITTEE AGENDA
LISA MATICHAK, CHAIR
LUCAS RAMIREZ, COMMITTEE MEMBER
EMILY ANN RAMOS, COMMITTEE MEMBER
City of Mountain View 1 of 3
Atrium Conference Room at City Hall 9: 00 A.M. FRIDAY, DECEMBER 06, 2024 500 Castro Street
Mountain View, CA 94041
SPECIAL MEETING– 9:00 AM
This meeting is being conducted with a virtual component. Anyone wishing to address the Committee virtually may join the meeting online at: https://mountainview.zoom.us/j/83542501707 or by dialing
669-900-9128 and entering Webinar ID: 835 4250 1707. When the Chair announces the item on which you wish to speak, click the “raise hand” feature in Zoom or dial *9 on your phone. When the Chair calls your name to provide public comment, if you are participating via phone, please press *6 to unmute yourself.
1. CALL TO ORDER
2. ROLL CALL—Committee members Steven Permut, Doug Radtke, Lucas Ramirez, Emily Ann Ramos, and Chair Lisa Matichak.
3. MINUTES APPROVAL
Recommendation(s): Approve the Council Finance Committee /Investment Review Committee meeting minutes of October 30, 2023,
without modification.
Attachment(s): IRC Minutes – October 30, 2023
4. ORAL COMMUNICATIONS FROM THE PUBLIC
5. DISCUSSION/ACTION ITEMS
5.1 PRESENTATION OF STATUS OF THE CITY’S PORTFOLIO AND INVESTMENT POLICY (VERBAL PRESENTATION, NO STAFF REPORT)
Recommendation(s): Receive presentation from Bill Dennehy, Co -Chief Investment Officer, Chandler Asset Management, the
City’s investment advisor, regarding the City’s investment practices and investment policy.
Council Finance Committee/ NOTICE AND AGENDA FRIDAY , DECEMBER 6, 2024 Investment Review Committee
City of Mountain View 2 of 3
Attachment(s): ATT1 – 9/30/24 Investment Report
5 .2 REPORT FROM INVESTMENT REVIEW COMMITTEE AND PROPOSED CHANGES TO
THE INVESTMENT POLICY
Recommendation(s): Update the City’s Investment Policy to allow for Medium- Term (Corporate) notes rated as “A” or higher and for
various clean-up of language in the Investment Policy.
Attachment(s): Committee Report
ATT1 – Draft Annual Report of the Investment Review
Committee to the City Council
ATT2 – Draft Updated Council Policy B-2 Investment Policy (red line version)
6. COMMITTEE/STAFF COMMENTS, QUESTIONS, COMMITTEE REPORTS
7. ADJOURNMENT
VL/4/FIN
540-05-20-24A
cc: San Jose Mercury News
Mountain View Voice
City Council, CM, ACM, CA, FASD, AFASD, File
Council Finance Committee/ NOTICE AND AGENDA FRIDAY , DECEMBER 6, 2024 Investment Review Committee
City of Mountain View 3 of 3
AGENDAS FOR BOARDS, COMMISSIONS, AND COMMITTEES
The specific location of each meeting is noted on the notice and agenda for each meeting which is posted at least 72 hours in advance of the meeting. Special meetings may be called as necessary by the Committee Chair and noticed at least 24 hours in advance of the meeting.
Questions and comments regarding the agenda may be directed to Derek Rampone, Finance and Administrative Services Director, at 650-903-6316.
SPECIAL NOTICE—Reference: Americans with Disabilities Act, 1990
Anyone who is planning to attend a meeting who is visually or hearing-impaired or has any disability that needs special assistance should call the Finance and Administrative Services Department at 650-903-6316 48 hours in advance of the meeting to arrange for assistance. Upon request by a person with a disability, agendas and writings distributed during the meeting that are public records will be made available in the appropriate alternative format.
The Board, Commission, or Committee may take action on any matter noticed herein in any manner deemed appropriate by the Board, Commission, or Committee. Their consideration of the matters noticed herein is not limited by the recommendations indicated herein.
SPECIAL NOTICE —Any writings or documents provided to a majority of the Council Finance Committee/Investment Review Committee regarding any item on this agenda will be made available for public inspection in the Finance and Administrative Services Department, located at 500 Castro Street, during normal business hours and at the meeting location noted on the agenda during the meeting.
ADDRESSING THE BOARD, COMMISSION, OR COMMITTEE
Interested persons are entitled to speak on any item on the agenda and should make their interest known to the Chair.
Anyone wishing to address the Board, Commission, or Committee on a nonagenda item may do so during the “Oral Communications” part of the agenda. Speakers are allowed to speak one time on any number of topics for up to three minutes.