City Council

(89) 24­0760 COMMUNICATION FROM THE CITY ADMINISTRATIVE OFFICER (CAO) relative to a proposed agreement between the Office of Finance and Ice Data Analytics, LLC for portfolio analytics services for the City’s General and Special Fund investment portfolio. Recommendation for Council action: AUTHORIZE the General Manager, Office of Finance, or designee, to execute a contract with Ice Data Analytics, LLC, for portfolio analytics services for the City’s investment portfolio, for a term of five years, from August 1, 2024 through July 31, 2029, with an option to extend for an additional five years, subject to review and approval of the City Attorney as to form. Fiscal Impact Statement: The CAO reports that there is no additional impact to the General Fund. Funding for this agreement is available in the Office of Finance’s Contractual Services account. Financial Policies Statement: The CAO reports that the recommendations in the report comply with the City’s Financial Polices in that the City’s financial obligation is limited to funds budgeted for this purpose.