La Quinta, CA
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The Investment Advisory Board (IAB) was established in 1993. Due to additional oversight and responsibilities added in 2017, the IAB was restructured into the Financial Advisory Commission (FAC), and its membership was increased from five to seven members appointed by the City Council. The FAC is coordinated by the Finance Department (760) 777-7150.
Meetings
The FAC meets quarterly on the second Wednesday of February, May, August, and November, at 3:30 p.m. Special meetings may be scheduled on an "as needed" basis. The day and place of the FAC meetings for upcoming fiscal years is established at the last regularly scheduled meeting of each fiscal year.
Functions
The principal functions of the FAC are:
- Review at least annually the city's investment policy and recommend appropriate changes;
- Review monthly treasury reports and note compliance with the investment policy and adequacy of cash and investments for anticipated obligations;
- Receive and consider other reports provided by the city treasurer;
- 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;
- Review annually the revenue derived from the one percent (1%) transactions and use tax instituted by voters in November 2016 to ensure these funds are used to provide services, programs and capital projects in the City of La Quinta; and
- 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.
Contact
For more information about the FAC contact us at finance@laquintaca.gov or (760) 777-7150.
Apply
Applications are accepted all year long and kept on file in the Clerk's office until a vacancy needs to be filled.
Application to Serve on the FAC
Members
Current List of Commission Members
Agendas, Staff Reports and Minutes
The minutes for the FAC meetings will not be available until they have been approved at the next regular meeting.
The regular quarterly 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 copies of staff reports, as well as any accompanying attachments, you may contact the Finance Department at (760)777-7150 or finance@laquintaca.gov.
Agendas for current meetings are located at the event link below and on the City Calendar.
Meeting Calendar
Financial Advisory Commission Meeting
- Date: 02/10/2027 3:30 PM
- Location: City Hall
78495 Calle Tampico
La Quinta, California 92253
FUTURE COMMISSION MEETING
CLICK HERE TO VIEW THE AGENDA IN .PDF FORMAT
CLICK HERE TO VIEW THE AGENDA PACKET IN .PDF FORMAT
"WRITTEN COMMENTS" will be linked here, if received
"HAND-OUTS" will be linked here, if received
"POWER POINTS" will be linked here, following the meeting
CLICK HERE TO WATCH THIS MEETING LIVE
CLICK HERE TO ACCESS VIDEO RECORDINGS OF PAST PUBLIC MEETINGS
CLICK HERE FOR MORE INFORMATION ON LA QUINTA PUBLIC MEETINGS
CLICK HERE TO ACCESS LA QUINTA’S PUBLIC MEETINGS AND EVENTS CALENDAR
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PUBLIC COMMENTS - INSTRUCTIONS
Members of the public may address the Commission on any matter listed or not listed on the agenda as follows:
WRITTEN PUBLIC COMMENTS can be provided either in-person during the meeting by submitting 15 copies to the Commission Secretary, it is requested that this takes place prior to the beginning of the meeting; or can be emailed in advance to Finance@LaQuintaCA.gov, no later than 12:00 p.m., on the day of the meeting. Written public comments will be distributed to the Commission, made public, and will be incorporated into the public record of the meeting, but will not be read during the meeting unless, upon the request of the Chair, a brief summary of public comments is asked to be reported.
If written public comments are emailed, the email subject line must clearly state “Written Comments” and should include: 1) full name, 2) city of residence, and 3) subject matter.
VERBAL PUBLIC COMMENTS can be provided in-person during the meeting by completing a “Request to Speak” form and submitting it to the Commission Secretary; it is requested that this takes place prior to the beginning of the meeting. Please limit your comments to three (3) minutes (or approximately 350 words). Members of the public shall be called upon to speak by the Chair.
In accordance with City Council Resolution No. 2022-027, a one-time additional speaker time donation of three (3) minutes per individual is permitted; please note that the member of the public donating time must: 1) submit this in writing to the Commission Secretary by completing a “Request to Speak” form noting the name of the person to whom time is being donated to, and 2) be present at the time the speaker provides verbal comments.
Members of the public who utilize a translator shall be provided at least twice of the allotted time to ensure non-English speakers receive the same opportunity to directly address the Commission.
Verbal public comments are defined as comments provided in the speakers’ own voice and may not include video or sound recordings of the speaker or of other individuals or entities, unless permitted by the Chair.
Public speakers may elect to use printed presentation materials to aid their comments; 15 copies of such printed materials shall be provided to the Commission Secretary to be disseminated to the Commission, made public, and incorporated into the public record of the meeting; it is requested that the printed materials are provided prior to the beginning of the meeting. There shall be no use of Chamber resources and technology to display visual or audible presentations during public comments, unless permitted by the Chair.
All writings or documents, including but not limited to emails and attachments to emails, submitted to the City regarding any item(s) listed or not listed on this agenda are public records. All information in such writings and documents is subject to disclosure as being in the public domain and subject to search and review by electronic means, including but not limited to the City’s Internet Web site and any other Internet Web-based platform or other Web-based form of communication. All information in such writings and documents similarly is subject to disclosure pursuant to the California Public Records Act [Government Code § 7920.000 et seq.].
TELECONFERENCE ACCESSIBILITY – INSTRUCTIONS
Teleconference accessibility may be triggered in accordance with the Brown Act “during a proclaimed state of emergency or local emergency,” as defined [Government Code (GC) § 54953.8.2]; or if a member of the Commission requests to attend and participate in this meeting remotely pursuant to any of the following: (1) “disability” [Government Code (GC) § 54953(c)], or (2) “just cause” [GC § 54953.8.3], as defined. In such instances, remote public accessibility and participation will be facilitated via Zoom Webinar as detailed at the end of this agenda
*** TELECONFERENCE AND TELEPHONIC PROCEDURES***
APPLICABLE ONLY WHEN TELECONFERENCE ACCESSIBILITY IS IN EFFECT
ZOOM LINK: https://us06web.zoom.us/s/88215960899
Meeting ID: 882 1596 0899
Or join by phone: (253) 215 – 8782
VERBAL PUBLIC COMMENTS – members of the public may attend and participate in this meeting by teleconference or telephonic accessibility via the Zoom Webinar audio-visual platform and must activate the “Raise Hand” feature on their electronic device (*9 for telephonic participation) when public comments are prompted by the Chair, and will be queued in consecutive order; the City will facilitate the ability for a member of the public to be audible to the Commission and general public and allow them to speak on the item(s) requested. Members of the public must unmute themselves via the “Audio” feature on their electronic device (*6 for telephonic participation) when prompted upon being recognized by the Chair, in order to become audible to the Commission and the public.
WRITTEN PUBLIC COMMENTS can be provided either in person during the meeting or emailed to Finance@LaQuintaCA.gov any time prior to the adjournment of the meeting, and will be distributed to the Commission, made public, incorporated into the public record of the meeting, and will not be read during the meeting unless, upon the request of the Chair, a brief summary of any public comment is asked to be read, to the extent the Commission Secretary can accommodate such request.
CLOSED CAPTION AND TRANSLATION
Closed Caption and Translation are accessible through the Zoom Webinar audio-visual platform and accessible in real-time to all teleconference attendees. Members of the public must activate the “Show Captions” feature on their device for closed caption; and may use the “Options Arrow” to select from the list of available languages for translation.
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