City Council

9G.\nFISCAL YEAR (FY) 2026/27 ANNUAL INVESTMENT POLICY REVIEW\nThe City’s Investment Policy provides guidelines for the prudent investment of the City’s\navailable resources and outlines policies for maximizing the efficiency of the City’s cash\nmanagement process. The ultimate goal of the Investment Policy is to enhance the\neconomic status of the City while protecting its pooled cash. In accordance with California\nGovernment Code Section 53646(a), an annual rendering of the City’s Investment Policy\nshall be presented to the City Council for consideration. Staff does not propose changes\nto the Investment Policy at this time. In addition, the City Council, as Successor Agency,\nwill consider adoption of a companion policy addressing Successor Agency funds.\nRECOMMENDED ACTION:\n1. City Council find that this item is not subject to California Environmental Quality Act\n(“CEQA”) pursuant to Sections 15378(b)(5) (Organizational or administrative activities\nof governments that will not result in direct or indirect physical changes in the\nenvironment); and\n2. Approve the City’s Investment Policy for Fiscal Year 2026/27.