Title
REVIEW OF INVESTMENT POLICY
Recommendation
Summary:
In September 2025, the Finance Committee completed its annual review of Council Policy F-1, Statement of Investment Policy (the Policy), and identified pending legislation that could require future updates to the Policy. Since that time, California Senate Bill 595 has been signed into law and became effective January 1, 2026. This staff report recommends updates to the Policy to ensure compliance with SB 595, reflect industry best practices, and incorporate minor administrative and technical revisions. The proposed changes were reviewed in coordination with the City’s independent investment advisor and are intended to maintain consistency with the California Government Code while supporting the City’s investment objectives.
Recommended Action:
Review and discuss this report and recommend that the City Council formally approve the proposed changes to Council Policy F-1 by adopting a resolution.