The Investment Advisory Board (IAB), established in 1993, is coordinated by the Finance Department (760) 777-7150 and is comprised of five members appointed by the City Council. The Investment Advisory Board's regularly scheduled meetings are the 2nd Wednesday of each month at 4:00 p.m. The principal functions of the board are: (1) review at least annually the city's investment policy and recommend appropriate changes; (2) review monthly treasury report and note compliance with the investment policy and adequacy of cash and investments for anticipated obligations; (3) receive and consider other reports provided by the city treasurer; (4) meet with the independent auditor after completion of the annual audit of the city's financial statements, and receive and consider the auditor's comments on auditing procedures, internal controls, and findings for cash and investment activities, and (5) serve as a resource for the city treasurer on matters such as proposed investments, internal controls, use of change of financial institutions, custodians, brokers and dealers.
For more information about this committee, contact us by e-mail at firstname.lastname@example.org or phone at (760) 777-7150.
Application to serve on the Investment Advisory Board
ABOUT AGENDAS, STAFF REPORTS AND MINUTES
The Minutes for the IAB meetings will not be available until they have been approved at the next regular meeting.
The meeting agendas are typically available not less than 72 hours prior to each meeting and may be downloaded by clicking on one of the Event links below. The City reserves the right to make changes to the order of items listed on the agenda.
For signed copies of staff reports, as well as any accompanying attachments, you may contact the Finance Department at (760) 777-7150 or Finance@la-quinta.org.
For Agendas and Minutes click on the Event link below, or "View Past Events."