File #: 26-1931    Version: 1
Status: Consent Agenda
File created: 2/23/2026 In control: City Council
On agenda: 3/24/2026 Final action:
Title: Resolution No. 2026-19: Finding Consistency with Stated Investment Objectives and Amending City Council Policy F-1 (Statement of Investment Policy) to Incorporate Changes in Government Code Section 53600, Et Seq
Attachments: 1. Staff Report, 2. Attachment A - Council Policy F-1, Statement of Investment Policy (redlines), 3. Attachment B - Resolution No. 2026-19

Title
Resolution No. 2026-19: Finding Consistency with Stated Investment Objectives and Amending City Council Policy F-1 (Statement of Investment Policy) to Incorporate Changes in Government Code Section 53600, Et Seq

Recommendation

a)                     Determine this action is exempt from the California Environmental Quality Act (CEQA) pursuant to Sections 15060(c)(2) and 15060(c)(3) of the CEQA Guidelines because this action will not result in a physical change to the environment, directly or indirectly; and

b)                     Adopt Resolution No. 2026-19, A Resolution of the City Council of the City of Newport Beach, California, Finding Consistency with Stated Investment Objectives and Amending City Council Policy F-1 (Statement of Investment Policy) to Incorporate Changes in Government Code Section 53600, et seq.