City Council

Item 332: Annual Presentation of the City Treasurer's Investment Policy and Delegation of\nAuthority to the City Treasurer to Invest Funds.\nThis item will be considered in the afternoon session which is scheduled to begin at\n2:00 p.m.\nTotal Estimated Cost of Proposed Action and Funding Source:\nThere is no cost associated with this action.\nCouncil District(s) Affected: Citywide.\nProposed Actions:\n(R-2025-211)\nResolution receiving and accepting the City Treasurer's 2025 Investment Policy for the\nPooled Investment Funds and authorizing the City Treasurer to invest the City's funds for\nCalendar Year 2025.\nCommittee Actions Taken:\nThis item was heard at the Budget and Government Efficiency Committee meeting on\nOctober 16, 2024.\nACTION: Motion by Chair Lee, second by Committee Member Moreno, to recommend\nCouncil approval of staff’s proposed actions.\nVOTE: 3-0; Lee-yea, Foster III-yea, Moreno-yea, LaCava-not present.\nOffice of the City Treasurer: Emmanuel Labrinos, (619) 533-6256\nCity Attorney Contact: David Powell