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24-86419
CITY OF GLENDALE, CALIFORNIA
REPORT TO THE CITY COUNCIL
AGENDA ITEM
Report: City of Glendale Investment Policy
1. Resolution adopting the City Investment Policy for Fiscal Year 2024-2025
COUNCIL ACTION
Item Type: Action Item
Approved for November 5, 2024 calendar
EXECUTIVE SUMMARY
The City Treasurer presents for City Council review and acceptance the Investment Policy of the City for Fiscal Year 2024-2025.
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24-86419
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RECOMMENDATION
Review and adopt the City Investment Policy for Fiscal Year 2024-2025.
ANALYSIS
Background: Annually, the Glendale City Treasurer is required to present the annual Investment Report to the City Council in a public meeting and any recommended changes to the Investment Policy, which was last approved in July of 2024.
STAKEHOLDERS/OUTREACH
N/A
FISCAL IMPACT
There is no fiscal impact associated with this report.
ENVIRONMENTAL REVIEW (CEQA/NEPA)
N/A
CAMPAIGN DISCLOSURE
This item is exempt from campaign disclosure requirements.
ALTERNATIVES TO STAFF RECOMMENDATION
Alternative 1: The City Council recommends changes to Investment Policy.
Alternative 2: The City Council may consider any other alternative not proposed by staff.
ADMINISTRATIVE ACTION
Submitted by:
Rafi Manoukian, City Treasurer
Prepared by:
Marie Boyadjian, Treasury & Investment Services Operations Specialist Approved by:
Roubik R. Golanian, P.E., City Manager
EXHIBITS/ATTACHMENTS
Investment Policy of the City of Glendale