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Friday, August 8, 2025 Finance and Investment Committee Minutes 1
Agenda Item 3.1
MINUTES OF THE
FINANCE AND INVESTMENT COMMITTEE
SPECIAL MEETING
Friday, August 8, 2025 – 2:30 p.m.
A special meeting of the Finance and Investment Committee was held on Friday, August 8,
2025, at the Civic Center. The meeting was called to order at 2:35 p.m. by Vice Mayor Kashef
Qaadri.
1. CALL TO ORDER
PRESENT: Vice Mayor Kashef Qaadri and Councilmember Michael McCorriston
ABSENT: None
2. PUBLIC COMMENT
None.
3. ACTION ITEMS
3.1 Approval of the June 2, 2025 Finance and Investment Committee Special Meeting
Minutes
ACTION: By consensus, the Committee approved the minutes of the Special Meeting of
June 2, 2025.
3.2 Review of the City of Dublin’s Investment Portfolio with Application of
Environmental, Social, and Governance (ESG) Scores
The Committee received a presentation from Bill Dennehy, Co-Chief Investment Officer
at Chandler Asset Management Inc., on the application of Environmental, Social, and
Governance scoring on the City’s Investment portfolio.
ACTION: The Committee received the presentation and recommended receiving an
annual report on ESG scoring the City’s investment portfolio.
3.3 Review of Updates to the City of Dublin’s Statement of Investment Policy
The Committee received a summary of proposed revisions to the City’s Statement of
Investment Policy from Finance Director Jay Baksa. The Committee reviewed the
proposed revisions specifically to Section XI. Prohibited Investment Practices and
Instruments.
ACTION: By consensus, the Committee approved the revisions to the City of Dublin’s
Statement of Investment Policy with language clarifying how company industry
classifications are defined by the City’s investment managers.
COMMITTEE MEMBERS
Kashef Qaadri, Vice Mayor
Michael McCorriston, Councilmember
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Friday, August 8, 2025 Finance and Investment Committee Minutes 2
4. REPORTS
4.1 City Treasurer's Informational Report of Investments for the Quarter Ending June 30,
2025
The Committee received a presentation from Bill Dennehy, Co-Chief Investment Officer
at Chandler Asset Management Inc., providing an overview of the current economic
outlook and the performance of the City’s portfolio during the quarter ending June 30,
2025.
5. REQUEST FOR FUTURE MEETING AGENDA ITEMS
The Committee did not make any requests.
6. ADJOURNMENT
The meeting was adjourned at 4:35 p.m. by Vice Mayor Kashef Qaadri.
Minutes prepared by Christopher Rhoades, Financial Analyst.
____________________________________
Vice Mayor
ATTEST: ____________________________________
Finance Director
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