CITY OF HUNTINGTON BEACHINVESTMENT POLICY STATEMENT UPDATES FOR 2023BY: CITY TREASURER, ALISA BACKSTROM, MBA, CCMT, CPFIM
2023 INVESTMENT POLICY UPDATES:
(Requirements are at purchase)
INVESTMENT TYPE
MAXIMUM MATURITY
CURRENT MAXIMUM
PROPOSED MAXIMUM
NOTES
California Asset Mgt Program (CAMP)
N/A
$20,000,000
$75,000,000
To match maximum amount for other similar investment types. (No maximum per California State code.) Supranationals (IBRD, IFC, IADB)
5 years
10% of total portfolio
30% of total portfolio
To match California State code.