200 S. Anaheim Blvd.
Suite #643
Anaheim, CA 92805
Tel: (714) 765-5195
Fax: (714) 765-5260
www.anaheim.net
CITY COUNCIL AGENDA REPORT
City of Anaheim
FINANCE DEPARTMENT
DATE: NOVEMBER 15, 2022
FROM: FINANCE DEPARTMENT
SUBJECT: 2023 INVESTMENT POLICY
ATTACHMENT (Y/N): YES ITEM # 04
RECOMMENDATION:
That the City Council, by Motion, approve the 2023 Investment Policy for the City of Anaheim.
DISCUSSION:
Government Code Section 53646 mandated that annual investment policies and quarterly reports be rendered to the legislative body. AB2853, which was signed on September 29, 2004, amends Government Code Section 53646 to remove the requirements; the rendering of these documents is optional. Although the Annual Investment Policy and Quarterly Reports are no longer required, we believe it prudent to continue providing the legislative body with these documents.
No changes other than the date are being proposed. It remains the City’s priority to be mindful of safety, liquidity, and yield (in that order), as any changes to the City’s Investment Policy are contemplated.
The attached Investment Policy, effective January 1, 2023, has been reviewed by the City’s Budget, Investment and Technology (BIT) Commission.
IMPACT ON BUDGET:
There is no budgetary impact.
Respectfully submitted,
Deborah A. Moreno
Finance Director/City Treasurer
Attachment:
1. Investment Policy