CITY OF SIGNAL HILL
STAFF REPORT
2175 Cherry Avenue • Signal
Hill, California 90755-3799
8/22/2023
AGENDA ITEM
TO: HONORABLE MAYOR
AND MEMBERS OF THE CITY COUNCIL
FROM: CARLO TOMAINO
CITY MANAGER
BY: SHARON DEL ROSARIO
ADMINISTRATIVE SERVICES OFFICER/FINANCE DIRECTOR
SUBJECT:
SCHEDULE OF INVESTMENTS AND MONTHLY TRANSACTION REPORT
Summary:
The Schedule of Investments is a listing of all surplus funds invested for both the City and the Successor Agency to the former Signal Hill Redevelopment Agency as of the date shown on the report. The monthly transaction report provides the changes in investments for the prior month.
Recommendation:
Receive and file.
Fiscal Impact:
No fiscal impact is associated with the recommended action.
Strategic Plan Objectives:
No. 1: Ensure long-term fiscal stability.
No. 6: Promote a transparent and open government.
Background:
The Schedule of Investments dated July 31, 2023, shows the distribution of the City and its former Redevelopment Agency’s surplus funds, which have been invested, and the annualized interest for each investment listed. Also provided is the monthly transaction report to provide the detailed changes within the investment account.
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8/22/2023
Analysis:
In accordance with California Government Code Section 53646, all listed investments are in compliance with the City's adopted investment policy and funds are available to meet anticipated expenditure requirements for the next six months.
Attachments:
A. Investment Transaction Report
B. Schedule of Investments
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