HomeMy WebLinkAbout01-26-15 Board of FinanceBOARD OF FINANCE
• Elections of Officers
President —Dr. Fred Ferlic
Secretary — Dr. David Varner
• JohnMurphy — Presentation
• InvestmentOfficers
John Murphy — City Controller
Rahman Johnson — Director of City Finance
Jennifer Hockenhull — Deputy Controller
Paul Gifford —1st Source Investment Officer
JANUARY 26, 2015 4:45 P.M.
The Board of Finance, as required by State law, met in their annual meeting to accomplish a number of
items.
The meeting was called specifically to do the following:
1. Elect Board of Finance Officers — President and Secretary. Dr. Fred Ferlic was elected President
by the Council and Dr. David Varner Secretary.
2. Review the written report from the City Controller summarizing the results of the City's
investments in the past year.
3. Appoint Investment Officers — the City uses V Source represented at this meeting by Paul
Gifford.
4. Review the overall City investment policy.
This is all summarized in the 38 page Board of Finance Annual Report (attached). John Murphy, Jennifer
Hockenhull, and Rahman Johnson made their presentation to the Council by walking them through the
annual report.
The meeting was adjourned after motions to approve the report were made by Karen White and Gavin
Ferlic which were accepted by all.
Meeting was adjourned at 5:05 P.M.
Respectfully Su bum it ted,
7
Council Member Dr. Fred Ferlic, President
Board of Finance Committee