FROM: Debby Cherney, Chief Executive Officer
SUBJECT: Travel Request
RECOMMENDATION:
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Ratify the attendance and related expense of Louis Fiorino to the Invesco Real Estate Global Client Conference held in San Diego, CA, on November 2-4, 2021.
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BACKGROUND:
This is not one of our pre-authorized education providers, and thus requires advance approval under Education & Training Policy No. 001 Trustees Education/Training Policy. While this event is occurring prior to the Board meeting, the Policy provides:
“The Board’s practice is to encourage requests for approval before an expenditure is incurred, but recognizes that post-expenditure approvals may be necessary on an infrequent non-recurring basis. In such instances, approval may be requested at the next immediate board meeting at which it is practical to agendize the requests after the travel has occurred. If such expenses are not approved, and an SBCERA corporate credit card was used for such expense, the trustee shall reimburse SBCERA for any charges within 30 days.”
The estimated cost for each attendee is list below:
Travel: Mileage | Airfare | Rental Car $120
Lodging: 2 Night Stay ($370/night) + Taxes and Fees $740
Meals: Actual Costs $17
Quantity of Meals Breakfast 1 Lunch 0 Dinner 0
Registration: Attendance Fee $0
Other: Tips | Incidentals | Parking $40
Estimated Total: $917
BUDGET IMPACT:
Costs for this item are included in the current year administrative budget.
STRATEGIC PLANNING GOAL/OBJECTIVE:
Operational Excellence & Efficiency
STAFF CONTACT:
Debby Cherney
ATTACHMENTS:
Exhibit A: Conference Agenda