1 June 1, 2023
Memorandum
To: Mary Harvey, Director of Finance
Angie Hernandez, Revenue Manager
City of Santa Maria
From: Monique Spyke, Managing Director
PFM Asset Management LLC
Re: Investment Policy Review
PFM Asset Management LLC has completed its review of the City of Santa Maria’s (“the City”) 2023 Investment Policy (the “Policy”). The Policy is well written and in compliance with the sections of the California Government Code (the “Code”). Furthermore, no changes were made to the Code since the Policy’s last review that require any changes to the Policy.
Please let us know if you have any questions and if you would like to schedule a call to discuss our review further. Thank you.