CITY OF SIGNAL HILL
STAFF REPORT
2175 Cherry Avenue • Signal
Hill, California 90755-3799
1/9/2024
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.
Strategic Goal(s):
Goal No. 1 Financial Stability: Ensure the City’s long-term financial stability and resilience.
Recommendation:
Receive and file.
Fiscal Impact:
No fiscal impact is associated with the recommended action.
Background:
The Schedule of Investments dated November 30, 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.
CITY OF SIGNAL HILL Page 1 of 2 Printed on 1/4/2024
powered by Legistar™
1/9/2024
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
CITY OF SIGNAL HILL Page 2 of 2 Printed on 1/4/2024
powered by Legistar™