Investment Oversight Commission Quarterly 31st Quarterly Report 2 5 2001From:
To:
Regarding:
City of Dubuque, Investment Oversight Advisory Commission
MEMBERS of the CITY COUNCIL OF DUBUQUE
Quarterly Report
In Accordance with Ordinance No. 50-92 (3) Sec. 2-231, City code, the City of Dubuque
Investment Oversight Advisory Commission (IOAC) respectfully submits the 31st quarterly
report.
The IOAC members met on January 18, 2001. The transactions reviewed through December 31,
2000 appear to be in compliance with the Articles in the Investment Policy.
Mel Miller, Senior Vice President and Chief Investment Officer with Dubuque Bank and Trust
did a presentation to the IOAC. We had invited Dubuque Bank and Trust due to the significant
time since their last presentation. Dubuque Bank and Trust's emphasis is the use of government
agency bonds and CMO's in the portfolio they manage for the city. The portfolio maintains a
short duration of 1-3 years. Mr. Miller did a good job of explaining how Dubuque Bank and
Trust manages the portfolio.
The IOAC did not receive any communication or questions from the public.
Respectfully submitted,
Hiram Melendez
Meeting Chairperson
Investment Oversight Advisory Commission