City Council

B. RESOLUTION NO. 23-5673 ADOPTING THE STATEMENT OF INVESTMENT\nPOLICY FOR FISCAL YEAR 2023-2024\nThe City Council is requested to adopt Resolution No. 23-5673 adopting an\nInvestment Policy for Fiscal Year 2023-2024. The City’s Statement of Investment\nPolicy establishes an administrative plan which allows investment of the City’s idle\nfunds in financial institutions, government agencies, the State of California Local\nAgency Investment Fund, the Los Angeles County Pooled Investment Fund and\nmedium-term corporate notes which meet the criteria required for safety and\nliquidity.\nRecommendation: Adopt Resolution No. 23-5673 (Attachment “A”),\nadopting the Statement of Investment Policy for\nFY 2023-2024.