City Council

D. Approval of the City's Updated Investment Policy and Extension of the Delegation Investment\nAuthority\nRecommended Action\nStaff recommends that the City Council:\n1. Adopt a finding of no possibility of significant effect pursuant to Section 15061(b)(3)\n(Common Sense Exemption) of the California Environmental Quality Act (CEQA)\nGuidelines.\n2. Review and approve the City’s Investment Policy.\n3. Extend the delegation of investment authority to the Director of Finance, as City\nTreasurer, from March 1, 2026 through February 28, 2027.\nStaff Report Printout\na. Attachment A - Annual Update on City Investment Policy (2026)\nb. Attachment B - Information Item Russian Divestment (April 6, 2022)