TO:City Council
FROM:Mikey Taylor, Mayor Pro Tem and Bob Engler, Councilmember DATE:November 4, 2025
SUBJECT: Investment Review Committee Appointments
RECOMMENDATION:
1. Approve the reappointment of incumbent Davin Carey and the appointments of Jacqueline Cross and Christopher Sisson to the Investment Review Committee to serve two-year terms ending December 2027.
2. Find that this action is not a project as defined under the California Environmental Quality Act.
LEVINE ACT ITEM: No
FINANCIAL IMPACT:
No Additional Funding Requested. Minimal staff time for costs associated with coordinating interviews, appointments, and preparing support materials is included in the Adopted FY 2025-26 General Fund Budget.
BACKGROUND:
The five-member Investment Review Committee (Committee) is charged under City Council Resolution No. 2017-021 to periodically monitor and review the City Treasurer’s compliance with the City’s Investment Policy and provide a quarterly report of its findings. In addition, the Committee submits an annual report to City Council summarizing its work and recommending modifications to the Investment Policy.
The Committee members are appointed by Councilmembers and ratified by City Council. The members serve staggered two-year terms on a calendar year basis, from January through December.
DISCUSSION/ANALYSIS:
Investment Review Committee Appointments
November 4, 2025
1 4
1 2
A 30-day application filing period for the three vacancies was opened on August 19, 2025, and ran through September 18, 2025. The application filing period was extended until October 2, 2025. Six applications were received. The selection committee, comprised of Mayor Pro Tem Taylor and Councilmember Engler, conducted five interviews on October 23, 2025. One of the scheduled interviewees did not show up for their scheduled time. After reviewing applications and conducting the interviews, the reappointment of incumbent Davin Carey and the appointments of Jacqueline Cross and Christopher Sisson to fill the scheduled vacancies is recommended by the selection committee. Approval by the full City Council is required to formalize the recommended appointments. Their respective applications are included as Attachment #1.
COUNCIL GOAL COMPLIANCE:
Meets the following City Council goals:
B. Provide municipal government leadership which is open and responsive to residents, and is characterized by ethical behavior, stability, promoting public trust, transparency, confidence in the future, and cooperative interaction among civic leaders, residents, business representatives, and staff, while recognizing and respecting legitimate differences of opinion on critical issues facing the City.
C. Operate City government in a fiscally and managerially responsible and prudent manner to ensure that the City of Thousand Oaks remains one of California's most desirable places to live, work, visit, recreate, and raise a family.
PREPARED BY: Jennifer Bart, Treasury Assistant
Attachments:
Attachment #1 – Applications of Selected Appointments
CMO: 110-20\jb\H:\COMMON\ City Council\Council Items\2025\110425\ Investment Review Committee Appointments Staff Report.docx