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File #: 23-0609    Version: 1 Name: Investment Policy Update
Type: CC- Report Status: Agenda Ready
File created: 7/27/2023 In control: City Council
On agenda: 8/22/2023 Final action:
Title: REPORT - INVESTMENT POLICY UPDATE BACKGROUND: The Council Policy No. 000-26 - Statement of Investment Policy was adopted by Resolution No. 17133 in January 1985. It has gone to City Council fifteen times since then to update and amend the policy. PFM Asset Management met with the Chief Financial Officer and the Budget Team to discuss proposed changes. The Budget Team then held a meeting to collaborate with other stakeholders in the Parks & Recreation and Water Departments and Housing Authority to review and discuss the proposed changes. There was an overall consensus to move forward with the revisions. RECOMMENDATION: It is recommended by the Finance Department that the Council, by resolution, amend Council Policy No. 000-26- Statement of Investment Policy, as revised.
Sponsors: Finance
Indexes: Not a Project
Code sections: 15061(b)(3) - General Rule Exemption, 15378 - Not a Project
Attachments: 1. Staff Report, 2. Attachment 1 - Statement of Investment Policy - Redline Policy, 3. Resolution, 4. Exhibit A, 5. Presentation
Related files: 13-0219, 24-0873