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This meeting is being conducted consistent with Governor Newsom’s Executive Order N-29-20 dated March 17, 2020, regarding the COVID-19 pandemic. The Investment Advisory Committee Meeting will be held on Monday, July 26, 2021 at 10:00 a.m. and the public is welcome to participate. To provide comments in person, the Executive Conference Room will be open to a limited number of members from the public in observance of social distancing guidelines. To provide comments by teleconference (Zoom), members of the public must contact City Staff at (714) 990-7676 or arlenem@cityofbrea.net no later than 12:00 p.m. Thursday July 22, 2021 to obtain the Zoom Meeting ID number and password. Participants will be muted until recognized at the appropriate time by the Committee. Written comments may be sent to the Administrative Services Department at arlenem@cityofbrea.net no later than 12:00 p.m. on Thursday, July 22, 2021. Any comments received via email will be summarized aloud into the record at the meeting. The Investment Advisory Committee meeting agenda can be viewed on the City of Brea's website at https://www.ci.brea.ca.us/509/Meeting-Agendas-Minutes. Hard copies of the agenda packet are available via USPS with proper notice by calling (714) 990-7676. Materials related to an item on this agenda submitted to the Investment Advisory Committee after distribution of the agenda packet are available for public inspection in the Administrative Services Department located on the third floor of the Civic & Cultural Center at 1 Civic Center Circle, Brea, CA 92821 during normal business hours. Such documents may also be available on the City’s website subject to staff’s ability to post documents before the meeting. |
CALL TO ORDER / ROLL CALL | ||||||
1. | Matters from the Audience | |||||
CONSENT | ||||||
2. | April 26, 2021 Investment Advisory Committee Regular Meeting Minutes - Approve. | |||||
Attachments | ||||||
04-26-2021 IAC Draft Minutes | ||||||
DISCUSSION | ||||||
3. | Review Quarterly Investment Report Period Ended June 30, 2021 from Chandler Asset Management - Presented by Mia Corral Brown and Chris McCarry | |||||
Attachments | ||||||
Investment Report | ||||||
4. | Review of PARS Pension Rate Stabilization Program Investment Report for Period Ended June 30, 2021 - Presented by PARS and HighMark Capital Management | |||||
Attachments | ||||||
Investment Report | ||||||
5. | Investment Policy Guidelines for the City of Brea's Employee Benefits Fund Pension Plan - Review and approve the Investment Policy Guidelines for the City of Brea’s Employee Benefits Fund Pension Plan through Public Agency Retirement Services (PARS). | |||||
Attachments | ||||||
Attachment A - Draft 2021 Employee Benefits Fund Pension Plan Investment Policy Guidelines | ||||||
6. | Investment Policy Guidelines for the City of Brea's Other Post Employment Benefits (OPEB) Trust Fund - Review and approve the Investment Guidelines for the City's Other Post Employment Benefits (OPEB) Trust Fund through Public Agency Retirement Services (PARS). | |||||
Attachments | ||||||
Attachment A - Other Post Employment Benefits (OPEB) Trust Fund Plan Investment Policy Guidelines | ||||||
7. | Statement of Investment Policy for the City/Brea Successor Agency to the Brea Redevelopment Agency - Review and approve the City of Brea/Successor Agency to the Brea Redevelopment Agency Statement of Investment Policy. | |||||
Attachments | ||||||
Current Investment Policy - Adopted 8/18/20 | ||||||
Draft Investment Policy - Redline | ||||||
Draft Investment Policy - Clean Version | ||||||
8. | Monthly Report of Cash Investments for the City of Brea for Period Ended June 30, 2021 - Receive and file. | |||||
Attachments | ||||||
Attachment A | ||||||
9. | Monthly Report of Cash Investments for the Successor Agency to the Brea Redevelopment Agency for Period Ended June 30, 2021- Receive and file. | |||||
Attachments | ||||||
Attachment A | ||||||
10. | Annual Update to City Council: August 17, 2021 at 7:00 PM | |||||
11. | Schedule Next Meeting: October 25, 2021 | |||||
Special Accommodations In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the City Clerk’s Office at (714) 990-7757. Notification 48 hours prior to the meeting will enable City staff to make reasonable arrangements to ensure accessibility. (28 CFR 35.102.35.104 ADA Title II) |