HomeMy WebLinkAbout01-22-2024 FINAL Annual Board of Finance Meeting
MEMORANDUM
TO: MEMBERS OF THE COMMON COUNCIL
FROM: BIANCA L. TIRADO, CITY CLERK
DATE: THURSDAY, JANUARY 18, 2024
SUBJECT: 2024 ANNUAL BOARD OF FINANCE MEETING NOTICE
The annual Board of Finance Meeting of the City of South Bend, Indiana has been scheduled for
Monday, January 22, 2024 at 4:00 p.m. in the Council Chambers. This is an annual meeting where the
South Bend Common Council convenes as a local Board of Finance.
Council Chambers
4th Floor County-City Building
227 W. Jefferson Blvd.
South Bend, IN 46601
The Council Chambers will be Open to the Public. Members of the Public May Attend this Meeting
Virtually via Microsoft Teams Meeting app here: http://tinyurl.com/012224CC
The following agenda items have been set for the meeting:
1. Election of Officers: The Board must elect two (2) of its members to serve as the Board’s
officers, a president, and a secretary. I.C. 5-13-7-6(a)(1).
2. Review of 2023 Investment Report: The City’s Department of Administration &
Finance, along with the City’s investment advisors at 1st Source Bank, have prepared the
Annual Investment Report for the Year Ended December 31, 2023 (the “Investment
Report”) for the Board’s review. I.C. 5-13-7-6(a)(2); I.C. 5-13-7-7(b)(1).
3. Review of Investment Policy: The City’s investment policy (the “Investment Policy”)
documents the City’s compliance with Indiana law governing the City’s investment of its
cash reserves. The Board is required to review the Investment Policy during this
meeting. I.C. 5-13-7-7(b)(2).
cc: Mayor James Mueller
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