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Investment Board

Purpose/Duties

The Investment Board:

(a) Establishes policies and procedures concerning the deposit and investment of interim monies.

(b) Serves as an advisory board to the Treasurer, Auditor and Council with respect to depository and investment matters.

(c) Reviews depository and investment procedures and make recommendations for the efficient management of the City's funds. 

(d) Assists in the coordination of depository, investment and other related activities between the offices of the Auditor and Treasurer. 

Meeting Times

The Board meets the third Wednesday of January, April, July, and October at 2:00 pm on the fourth floor of City Hall.

Appointment Process

Public members are appointed by the Mayor and confirmed by Council.

Current Members

Investment Board Members Seat Designation Term Expires
Jack Bolender Jr. Mayor Appointee 12/31/2017
Dawn Devine Mayor Appointee 12/31/2017
Thomas M. Bernabei Mayor No Expiration
Joe Martuccio Law Director No Expiration
R.A. Mallonn Auditor No Expiration
Kim Perez  Treasurer No Expiration
TBA Councilmember No Expiration

Membership Requirements

The board consists of:

  • The Mayor or his designee
  • The Law Director or his designee
  • The Auditor or his designee
  • The Treasurer or his designee
  • The Majority Leader of Council or his designee
  • Two members of the public, qualified by occupation or profession as a banker, member of a firm associated with the National Association of Security Dealers, Inc. or a member of a Securities Exchange Commission registered investment advisory firm

Term Lengths

Two (2) years for public members.

Compensation

Members serve without compensation.

Authorization

City Ordinance 155.04, 155.15


If you would like to apply to serve on this commission or to recommend someone to serve, please send or fax a cover letter and resume to:

Office of Mayor Thomas M. Bernabei
ATTN: Boards and Commissions
218 Cleveland Ave. SW
Canton, OH  44702

FAX: 330-489-3282


Last updated 4/8/2016

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