City Council

B. RESOLUTION NO. 23-5673 ADOPTING THE STATEMENT OF INVESTMENT POLICY FOR FISCAL YEAR 2023-2024 The City Council is requested to adopt Resolution No. 23-5673 adopting an Investment Policy for Fiscal Year 2023-2024. The City’s Statement of Investment Policy establishes an administrative plan which allows investment of the City’s idle funds in financial institutions, government agencies, the State of California Local Agency Investment Fund, the Los Angeles County Pooled Investment Fund and medium-term corporate notes which meet the criteria required for safety and liquidity. Recommendation: Adopt Resolution No. 23-5673 (Attachment “A”), adopting the Statement of Investment Policy for FY 2023-2024.