The City of Carlsbad Investment Review Board on a procedural vote appointed board member Ganelin as vice chair for a one‑year term and approved its regular meeting calendar. Board members also voted to agendize a future, deeper review of the city’s investment policy.

Board member nominations opened under Item 1 after staff described Section 10 of the City of Carlsbad investment policy, which designates the city treasurer as chair and provides for a vice chair to serve a one‑year term. Board member Steve Rubinstein nominated Bill Ganelin; Jonathan Vega seconded the nomination. The board voted and the chair announced the resolution passed appointing board member Ganelin as vice chair; no roll‑call tally was read into the record.

The board then considered the item to adopt a regular meeting schedule. A motion to approve the calendar was made and seconded; the chair announced the resolution passed and the calendar was approved.

At the end of the meeting the board voted to place a review of the City of Carlsbad investment policy on a future agenda so the board can provide feedback with the objective of eventual policy certification. The motion to agendize that topic was moved and seconded and the board voted to add the review to a future agenda.

The actions are advisory in nature; the board provides oversight and recommendations to the city treasurer but does not itself make investment decisions. The investment policy and Section 10 referenced at the start of the meeting define the vice‑chair term and the treasurer’s role as chair.

Votes at a glance:
• Appointment of vice chair: nominated by Steve Rubinstein; seconded by Jonathan Vega; outcome: approved (resolution passes; tally not specified).
• Approval of regular meeting schedule: motion made and seconded; outcome: approved (resolution passes; tally not specified).
• Motion to agendize investment policy review for a future meeting: moved; seconded; outcome: approved (item will be agendized).

The board’s procedural votes set the panel’s leadership and calendar for the coming year and directed staff to return with a formal agenda item to review the investment policy. The board discussed no changes to investment holdings or portfolio strategy during these motions.