Cities Index.
CM Behrendt receive and file

Redondo Beach City Council
October 6, 2026

Document
CM Behrendt receive and file
Meeting
October 6, 2026
Body
Redondo Beach City Council
Original file
598 KB
Text extracted from the city's file for reading and search. Open the original on redondo.legistar1.com. That file is the official record.

Section 6 still says "Comprehensive Annual Financial
Report," even though the glossary was updated to
ACFR.

The glossary still describes commercial paper as 1–270
days, which conflicts with the new 397-day limit.

The glossary lists T+2 settlement for corporates, but the market moved to T+1 in 2024.

The glossary mentions LIBOR, which has been
discontinued.

The glossary lists $10,000 Treasury bill minimums; the
actual minimum is $100.

The glossary describes outdated money market fund
maturity rules.

Collateralization" appears twice in the glossary.

The exhibit lettering in the staff report (A = policy, B = brokers) doesn't match the exhibits inside the policy (A brokers, B = glossary).

The staff report has a typo ("I included"), and the slide shows the date as "20120260."

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