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of Fut <br />o Agenda R <br />cQC,�OR��P Fullerton City Council <br />MEETING DATE: FEBRUARY 4, 2020 <br />TO: CITY COUNCIL / SUCCESSOR AGENCY <br />FROM: KENNETH A. DOMER, CITY MANAGER <br />PREPARED BY: ELLIS CHANG, DIRECTOR OF ADMINISTRATIVE <br />SERVICES <br />SUBJECT: INVESTMENT ADVISORY COMMITTEE OVERSIGHT AND <br />115 TRUST PLAN INVESTMENT OBJECTIVE CHANGES <br />AND TREASURER'S REPORT FOR QUARTER ENDED <br />DECEMBER 31, 2020 <br />6VIOVAlu/_1WA <br />Consideration of Investment Advisory Committee (IAC) oversight of the City's Pension <br />and Other Post -Employment Benefits (OPEB) 115 Trust Plan investments and <br />authorizing the Administrative Services Director / City Treasurer execution of the IAC <br />recommended portfolio investment objective change from passive capital appreciation to <br />active capital appreciation for the 115 Trust Plan investments. Receive and file <br />Treasurer's Investment Report for the second quarter of Fiscal Year 2019-20. <br />RECOMMENDATION <br />1. Adopt Resolution No. 2020 -XX. <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FULLERTON, <br />CALIFORNIA, APPROVING EXPANSION OF THE INVESTMENT ADVISORY <br />COMMITTEE'S DUTIES TO INCLUDE OVERSIGHT OF PENSION AND OTHER <br />POST -EMPLOYMENT BENEFITS 115 TRUST PLAN INVESTMENTS <br />2. Authorize change to both the Pension and Other Post -Employment Benefits 115 <br />Trust Plan investment objectives from Passive Capital Appreciation to Active Capital <br />Appreciation. <br />3. Receive and file the Quarterly Investment Report. <br />BUDGET POLICY PRIORITY STATEMENT <br />This item matches the following Budget Policy Priority Statement: <br />