Purpose:

In 2000, the City established the Financial Investment Oversight Committee. We felt it was advantageous to periodically evaluate our investment strategy and portfolio in terms of accomplishing our three-fold goals of safety of principal, maintaining necessary liquidity and obtaining a reasonable return. After reviewing the investment strategy and portfolio, the committee will offer recommendations to the Finance Director.

About the Commission:

The Financial Investment Oversight Committee is comprised of five members appointed by the Mayor. One person from the Treasurer’s Office of the City of Cedar Rapids, one person from the Finance or Treasurer’s Office of Linn County, one banker, one person in the financial services business, and one member appointed at-large. Committee members shall serve three-year terms and are eligible for reappointment. In addition, the City of Marion’s Finance Director, City Manager, and City Attorney shall be ex-officio members of the Committee.

Staff Contact:

Lianne Cairy
Finance Director
319-743-6352
Contact Lianne

Current Members:

Member POSITION
Sara Bearrows Linn County Treasurer's Office
Chad Mittan Cedar Rapids Treasurer's Office
Blake Wilkinson Banker
Ted Steger Financial Services
Barry Frantz Marion Member at Large
Lianne Cairy Finance Director 
Ryan Waller City Manager
Kara Bullerman            City Attorney

Meetings:

The Committee shall meet at least twice per fiscal year and the City of Marion finance director is responsible for calling meetings and providing reports and information to the committee. 

Agendas and Minutes:

  • Current agendas, packet information and minutes are available through the meeting portal.
  • To be notified when agendas and minutes are posted, please subscribe through the meeting portal.