City Council

5. ADOPTION OF THE 2025 INVESTMENT POLICY The City’s Investment\nPolicy is reviewed on an annual basis for submission and approval by the\nCity Council. On November 21, 2024, the Audit Commission reviewed the\ncurrent Investment Policy and found it to contain relevant provisions from\nthe California Government Code. Therefore, the Audit Commission\nrecommends that the City Council adopt the Investment Policy for\nCalendar Year 2025 with no changes.\nRecommendation: It is recommended that the City Council adopt the\nCity’s Investment Policy for Calendar Year 2025 with no changes.\nAdoption of the Investment Policy also delegates to the City Treasurer for\na period of one-year the authority to invest the funds of the City in\naccordance with the Investment Policy.Fiscal Impact: Consistent with\nState Law, the City’s primary investment objective is to invest in a manner\naimed to safeguard principal and maintain liquidity where the secondary\nobjective is to achieve a market rate of return. The Investment Policy for\nCalendar Year 2025 continues to provide for safety and liquidity of public\nfunds while earning a reasonable rate of return.\nAgenda Report