Title
ANNUAL REVIEW OF INVESTMENT POLICY
Recommendation
Summary:
Consistent with Section K-2 of Council Policy F-1, Statement of Investment Policy (the Policy), the Finance Department has completed an annual review of the Policy to ensure its consistency with the overall objectives of preservation of principal, liquidity, and return, as well as its relevance to current law and financial and economic trends. Modifications to the Policy are proposed based on a recent change to the California Government Code.
Recommended Action:
Review and discuss this report and recommend that the City Council formally approve the proposed changes by adopting a resolution. These changes are in furtherance of the City’s investment objectives.