City Council

Item 330: Annual Presentation of the City Treasurer's Investment Policy and Delegation of\nAuthority to the City Treasurer to Invest Funds.\nThis item will be considered in the afternoon session which is scheduled to begin at\n2:00 p.m.\nTotal Estimated Cost of Proposed Action and Funding Source:\nThere is no cost associated with this action.\nCouncil District(s) Affected: Citywide.\nProposed Actions:\n(R-2024-128)\nResolution receiving and accepting the City Treasurer's 2024 Investment Policy for the\nPooled Investment Funds and authorizing the City Treasurer to invest the City's funds for\nCalendar Year 2024.\nCommittee Actions Taken:\nThis item was heard at the Budget and Government Efficiency Committee meeting on\nOctober 18, 2023.\nACTION: Motion by Committee Member Lee, second by Committee Member LaCava,\nto recommend Council approval of staff's proposed actions.\nVOTE: 4-0; Montgomery Steppe-yea, Moreno-yea, LaCava-yea, Lee-yea.\nOffice of the City Treasurer: Emmanuel Labrinos, (619) 533-6256\nCity Attorney Contact: Bret A. Bartolotta