City Council Agenda Report
Meeting Date: August 4, 2026
From: Alice Hui, Director of Finance/City Treasurer
Department: Finance
Submitted by: Joaquin Leon, Deputy City Treasurer
Subject
Quarterly Report of Cash and Investments
Recommendation
Receive and file the Second Quarter Cash and Investments Report Background
On June 17, 2025, City Council adopted Resolution No. 2025-019 approving the Annual Statement of Investment Policy for Fiscal Year 2025-2026 (Investment Policy). The Investment Policy sets forth the course of action necessary to guide the decision making of the City Council, City Treasurer, and those authorized to make investment decisions in the administration of the City’s investment portfolio.
In accordance with the City's Investment Policy, the City Treasurer shall render a quarterly report of investments to City Council. The Cash and Investments Report provides an overview of the City’s cash and investment portfolio which reflects how the City’s investment program meets policy objectives. Staff manage the composition of the investment portfolio, conduct periodic cash flow analyses, and benchmark portfolio performance. For the quarter ended June 30, 2026, the City's investments are in line with anticipated projections.
As noted in the attached Second Quarter Cash and Investments Report, the City's portfolio is in compliance with the City's Annual Statement of Investment Policy and the City has the ability to meet its budgetary expenditure requirements for the next six months.
Strategic Plan Goals
Goal 1: Strengthen City Credibility and Partnerships
Fiscal Impact
There is no fiscal impact associated with this report.
Attachments
1. Second Quarter Cash and Investments Report