City Council

5. FY 2023-2024 STATEMENT OF INVESTMENT POLICY – F2M2-50, M2M23-93\nThe City Council annually adopts a formal Investment Policy pursuant to Government\nCode Section 53646(a)(2) which serves as a guide for the Treasurer to determine what\ntypes of investments, terms, and amounts are appropriate for the City to invest idle cash\nthroughout the fiscal year. Consequently, staff is requesting City Council approval of a\nStatement of Investment Policy for Fiscal Year 2023-2024.\nRecommended Action: City Council approve that certain Investment Policy\ndocument for the City of Alhambra entitled, City of Alhambra Statement of Investment\nPolicy - Fiscal Year 2023-2024, on file in the City Clerk’s Office as F2M2-50 and by this\nreference incorporated herein and made a part hereof as though fully set forth herein,\nwhich document supersedes and replaces that certain document entitled City of Alhambra\nStatement of Investment Policy - Fiscal Year 2022-2023; and, authorize the Director of\nFinance to take any and all actions necessary to implement said Investment Policy.\n(M2M23-93)