This facility is disabled accessible.  Auxiliary aids and services are available for individuals with speech, vision or hearing impairments (48 hour notice is required).  Please contact the ADA Coordinator at (818) 238-5021 voice or (818) 238-5035 TDD with questions or concerns.

                                                                      6:30 P.M.

                                     INVOCATION:           Reverend Sally Kinarthy, Saint Joseph’s Medical Center.

The Courts have concluded that sectarian prayer as part of City Council meetings is not permitted under the Constitution.

FLAG SALUTE:

ROLL CALL:

JOINT MEETING WITH THE CITY COUNCIL, REDEVELOPMENT AGENCY, HOUSING AUTHORITY AND PARKING AUTHORITY.

                         1.      2004 INVESTMENT POLICY:

The 2004 Investment Policy for the Investment Pool comprised of the City, Redevelopment Agency, Parking Authority, Youth Endowment Services, and separately for the Housing Authority is being presented for approval.

The only recommended change this year is the monthly liquidity requirement which has increased from $60 million to $67 million due to Burbank Water and Power reserves being higher for Fiscal Year 2003-04.

The 2003 Investment Policy was submitted to the Association of Public Treasurers of the United States and Canada last year and it was certified as a comprehensive written investment policy that meets the criteria set forth by the Association’s Investment Policy Certification Committee.  This is the first time that the City’s Investment Policy has been certified.

Recommendation:

Staff recommends that the Youth Endowment Services Fund Board approve the 2004 Investment Policy as submitted.

CONSENT CALENDAR:  (Items 2 and 3)

The following items may be enacted by one motion.  There will be no separate discussion on these items unless a Member so requests, in which event the item will be removed from the consent calendar and considered in its normal sequence on the agenda.  A roll call vote is required for the consent calendar.

            2.                  MINUTES:

Approval of minutes for the regular meetings of December 16, 2003.

Recommendation:

Approve as submitted.

             3.                  TREASURER'S REPORT:

The City Treasurer's report on investment and reinvestment of temporarily idle funds for the fourth quarter ending December 31, 2003.

Recommendation:

Note and file.

END OF CONSENT CALENDAR

RECESS to continue the City Council meeting.

ADJOURNMENT.