TOWN OF MANCHESTER, VERMONT
INVESTMENT ADVISORY COMMITTEE (IAC) MINUTES
BOARD ATTENDEES: BRIAN VOGEL (CHAIR AND TOWN TREASURER), DONALD BRODIE, TARA DOWDEN, MARIE FERRARIN, ANDREW SHAW, GLENN CESTARO. ABSENT: John O'Keefe.
TOWN STAFF ATTENDEES: MICHAEL DeCUBELLIS (FINANCE DIRECTOR)
PUBLIC ATTENDEES: NONE
Vogel called the meeting to order at 9:00am.
Acceptance of minutes from last meeting moved by Tara Dowden and seconded by Andy Shaw. Motion carried 6-0.Vogel discussed the performance of the Towns investments since the last meeting.
Vogel discussed the impact of Covid Relief Package on investments.
Discussed cash needs for Water and CIRC Funds Reviewed the market outlook.
The Committee adjourned, and set the next meeting for 06/04/21 @ 9:00am
APPROVED BY: ______________________________________________
CLERK