Finance and Administrative Services Department
DATE: October 6, 2022
TO: Investment Review Committee
FROM: Jesse Takahashi, Finance and Administrative Services Director
SUBJECT: Investment Review Committee Annual Report
PURPOSE
For the Investment Review Committee to hold its annual meeting to review the City’s investment portfolio pursuant to Section 14.3 of City Council Policy B-2, Investment Policy (Policy) (Exhibit 1 to Attachment 1).
BACKGROUND
Annually, the Investment Review Committee (Committee) meets to review the City’s investment portfolio and policy. An updated version of last fiscal year’s Committee report is included as a starting point for the Committee (Attachment 1).
The Committee met on September 21, 2021 to review the City’s investment portfolio and its overall performance. The Committee did not recommend making any changes to the Policy at that time.
The draft minutes from the September 21, 2021 meeting have been presented at this meeting for approval as Item No. 3.
RECOMMENDATION—No changes to the Policy are recommended at this time.
NEXT STEPS
Staff will summarize the Committee’s discussion, any observations, and recommendations in a revised draft report, to be reviewed by the Chair, before tr ansmitting the annual report to the City Council in December.
JT/TC/4/FIN/542-10-06-22M
Attachment: 1. Draft Annual Report of the Investment Review Committee to the City Council