***** VACANCY *****
FINANCIAL ADVISORY COMMISSION
The City of La Quinta is looking for interested citizens to fill a vacancy on the Financial Advisory Commission (FAC) for an unexpired term ending June 30, 2022. Applicants must be a resident of La Quinta and a registered voter.
Please submit your application to the Clerk's Office. You will be contacted to confirm an interview date that will take place during an upcoming City Council Meeting once the date has been confirmed. Applicants must be present for consideration.
For more information you may contact Tania Flores at (760) 777 - 7016.
For an Application to serve on the FAC, click here.
The Investment Advisory Board (IAB) was established in 1993, had a name change in 2017 to the Financial Advisory Commission (FAC), is coordinated by the Finance Department (760) 777-7150, and is comprised of seven members appointed by the City Council. The day and place of the FAC meetings for upcoming fiscal years is established at the last regularly scheduled meeting of each fiscal year. The principal functions of the FAC are: (1) review at least annually the city's investment policy and recommend appropriate changes; (2) review monthly treasury reports 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; (5) 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 (6) 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 the FAC contact us at email@example.com or (760) 777-7150.
Applications are accepted all year long and kept on file in the Clerk's office until a vacancy needs to be filled. For an Application to serve on the FAC, click here. For a current list of Commission Members, click here.
The Minutes for the FAC 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 AGENDAS FOR CURRENT MEETINGS, GO TO THE CALENDAR
Investment Advisory Board Meeting
Investment Advisory Board Meeting
- Date: 12/10/2014 4:00 PM - 5:00 PM
- Location: La Quinta City Hall
78-495 Calle Tampico
La Quinta , California 92253
CLICK HERE TO VIEW MINUTES AFTER THEY HAVE BEEN APPROVED
CLICK HERE TO PRINT AGENDA IN .PDF FORMAT
INVESTMENT ADVISORY BOARD
CITY HALL CAUCUS ROOM
78-495 Calle Tampico, La Quinta
REGULAR MEETING on WEDNESDAY, DECEMBER 10, 2014 AT 4:00 P.M.
CALL TO ORDER
1. Pledge of Allegiance
2. Roll Call
At this time members of the public may address the Board on any matter not listed on the agenda. Please complete a “Request to Speak” form and limit your comments to three minutes.
CONFIRMATION OF AGENDA
APPROVAL OF MINUTES
1. Approval of the Minutes of November 12, 2014
CORRESPONDENCE AND WRITTEN MATERIALS - None
BOARD MEMBER ITEMS – None
1. Continued Discussion of Reserve Policy per City Council’s Request.
The next regular meeting of the Investment Advisory Board will be held on January 14, 2015 commencing at 4:00 p.m. in the Caucus Room, 78-495 Calle Tampico, La Quinta, CA 92253.
DECLARATION OF POSTING
I, Vianka Orrantia, Senior Secretary, of the City of La Quinta, do hereby declare that the foregoing Agenda for the La Quinta Investment Advisory Board meeting was posted on the outside entry to the Council Chamber at 78-495 Calle Tampico, and the bulletin boards at 78-630 Highway 111, and the La Quinta Cove Post Office at 51-321 Avenida Bermudas, on December 4, 2014.
DATED: December 4, 2014
VIANKA ORRANTIA, Senior Secretary
City of La Quinta, California
The La Quinta Caucus Room is handicapped accessible. If special equipment is needed for the hearing impaired, please call the City Clerk’s office at 777-7123, twenty-four (24) hours in advance of the meeting and accommodations will be made.
If special electronic equipment is needed to make presentations to the City Council, arrangements should be made in advance by contacting the City Clerk’s office at 777-7123. A one (1) week notice is required.
If background material is to be presented to the Investment Advisory Board during a Investment Advisory Board meeting, please be advised that five (5) copies of all documents, exhibits, etc., must be supplied to the Senior Secretary for distribution. It is requested that this take place prior to the beginning of the meeting.
Any writings or documents provided to a majority of the Investment Advisory Board regarding any item(s) on this agenda will be made available for public inspection at the City Clerk’s counter at City Hall located at 78-495 Calle Tampico, La Quinta, California, 92253, during normal business hours.