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CONSENT CALENDAR
City of San Bernardino
Request for Council Action
Date: November 15, 2023
To: Honorable Mayor and City Council Members
From: Charles A. Montoya, City Manager
Barbara Whitehorn, Director of Finance & Management
Services
Department: Finance
Subject: Investment Portfolio Report for July, August, and September 2023 (All Wards)
Recommendation:
It is recommended that the Mayor and City Council of the City of San Bernardino, California, review and file the Monthly Investment Portfolio Report for July, August, and September 2023.
Executive Summary
A report on the performance of the City’s investments and assurance that the investment portfolio is compliant with the City’s Investment Policy.
Background
The City’s Statement of Investment Policy requires that a monthly Investment Portfolio Report be prepared and submitted to the Mayor and City Council. The Director of Finance and Management Services will prepare, review, and present the City’s Investment Portfolio Report and confirm that the portfolio is compliant with the City’s Investment Policy.
Discussion
The Investment Portfolio Report provides a synopsis of investment activity for the City’s investment portfolio for the month ended July 31, August 31, and September 30, 2023.
The City’s Investment Portfolio is in full compliance with the City’s current Investment Policy and California Government Code section 53601, and there is sufficient cash flow from a combination of liquid and maturing securities, bank deposits, and income to meet the City’s expenditure requirements.
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2021-2025 Strategic Targets and Goals
The acceptance and filing of the attached Investment Portfolio Report aligns with Key Target No. 1: Improved Operational & Financial Capacity by implementing, maintaining, and updating a fiscal accountability plan.
Fiscal Impact
There is no fiscal impact associated with receiving and filing the monthly investment report.
Conclusion
It is recommended that the Mayor and City Council of the City of San Bernardino, California, review and file the Monthly Investment Portfolio Report for July, August, and September 2023.
Attachments
Attachment 1 Investment Portfolio Management Summary Report, July 2023 Attachment 2 Investment Portfolio Management Summary Report, August 2023 Attachment 3 Investment Portfolio Management Summary Report, Sept 2023 Ward:
All Wards
Synopsis of Previous Council Actions:
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