Financial Advisory Commission

Print
Press Enter to show all options, press Tab go to next option

***** NEW 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 with the Clerk's Office by 5:00 p.m. on Wednesday, December 11, 2019. Interviews and appointment are scheduled for the regular City Council meeting on Tuesday, December 17, 2019, at 4:00 p.m. 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 finance@laquintaca.gov or (760) 777-7150.

For a list of Current Commissioners, 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 signed copies of staff reports, as well as any accompanying attachments, you may contact the Finance Department at (760) 777-7150 or finance@laquintaca.gov 


FOR AGENDAS FOR CURRENT MEETINGS, GO TO THE CALENDAR 

Free viewers are required for some of the attached documents.
They can be downloaded by clicking on the icons below.

Acrobat Reader Download Acrobat Reader Flash Player Download Flash Player Windows Media Player Download Windows Media Player Microsoft Silverlight Download Microsoft Silverlight Word Viewer Download Word Viewer Excel Viewer Download Excel Viewer PowerPoint Viewer Download PowerPoint Viewer

Investment Advisory Board Meeting

Investment Advisory Board Meeting


AGENDA
INVESTMENT ADVISORY BOARD
Study Session Room
78-495 Calle Tampico- La Quinta, CA 92253
November 12, 2008 – 4:30 P.M.

Click here to view a copy of the mintues after they have been approved.

I CALL TO ORDER

a. Pledge of Allegiance
b. Roll Call

 II PUBLIC COMMENT -(This is the time set aside for public comment on any matter not scheduled on the agenda.)

III CONFIRMATION OF AGENDA

IV CONSENT CALENDAR

Approval of Minutes of Special Meeting on October 15, 2008 for the Investment Advisory Board.

V BUSINESS SESSION 

A. Transmittal of Treasury Report for September 2008

B. Discussion of Matters of Joint Interest to the Members of the City Council and the Investment Advisory Board

C. Continued Discussion of the Investment Advisory Board 2008/09 Work Plan

VI CORRESPONDENCE AND WRITTEN MATERIAL

A. Month End Cash Report – October 2008

B. Pooled Money Investment Board Reports –August 2008 and LAIF Conference Materials

VII BOARD MEMBER ITEMS 

VII   ADJOURNMENT

 

Return to full list >>