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August 2022 - Investment Committee Meeting

8/4/2022 - Investment Committee Meeting
Area 515 Des Moines Maker Space
Investment Committee of the Board of Directors
August 4, 2022 Meeting Agenda
  • Establish a regular meeting time for the newly formed investment committee
  • Discuss responsibilities of the investment committee per the investment policy
  • Discuss current investment objectives and purchase of I Bonds
Area 515 Des Moines Maker Space
Investment Committee of the Board of Directors
August 4, 2022 Meeting Minutes
Meeting held via Zoom August 4, 2022 at 4 PM
In attendance: Ryan Renze, Jake Leister, Meg Krajicek
Absent: None
Ryan Renze, Jake Leister and Meg Krajicek were appointed by the Board of Directors of Area 515 Des Moines Maker Space at a regular Board meeting on August 3, 2022.
Meeting was called to order at 4 PM.
Meeting agenda items and related discussion:
  • Establish a regular meeting time for the newly formed investment committee
    • The investment committee will meet at 6:15 PM on the first Wednesday of the first month of each quarter.
    • It was proposed that we meet at 6:30 to allow Brad to get to 6:30 meeting by 6:40 and we decided on 6:15 PM.
    • Want to verify with by-laws that we can meet quarterly vs monthly. Meg will check.
  • Discuss responsibilities of the investment committee per the investment policy
    • The committee reviewed the responsibilities of the committee as outlined per the investment policy.
  • Discuss current investment objectives and purchase of I Bonds
    • Ryan Renze proposed purchase of Government Series I Bonds.
    • The committee discussed risks and rewards of Government Series I Bonds. All believe these are a favorable investment in line with objectives outlined in the investment policy.
    • The committee approved purchase of $10,000 of I Bonds with all members in attendance in favor of this proposal.
    • Treasurer Meg will facilitate purchase.
Meeting adjourned at 4:10 PM.