My WebLink
|
Help
|
About
|
Sign Out
Home
8F Consent 2012 0716
CityHall
>
City Clerk
>
City Council
>
Agenda Packets
>
2012
>
Packet 2012 0716
>
8F Consent 2012 0716
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/24/2012 4:16:05 PM
Creation date
7/11/2012 11:35:53 AM
Metadata
Fields
Template:
CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
7/16/2012
Retention
PERM
Document Relationships
_CC Agenda 2012 0716 CS+RG
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2012\Packet 2012 0716
Reso 2012-093
(Reference)
Path:
\City Clerk\City Council\Resolutions\2012
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
17
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Sx <br />i! <br />A' City of San Leandro <br />Meeting Date: July 16, 2012 <br />00 11 . Staff Report <br />File Number: 12 -386 Agenda Section: CONSENT CALENDAR <br />Agenda Number: 8.F. <br />TO: City Council <br />FROM: Chris Zapata <br />City Manager <br />BY: David Baum <br />Finance Director <br />FINANCE REVIEW: David Baum <br />Finance Director <br />TITLE: Staff Report for Resolution Approving the City of San Leandro's Investment <br />Policy for Fiscal Year 2012 -13 <br />SUMMARY AND RECOMMENDATION <br />Staff recommends City Council approval of the City of San Leandro Investment Policy for <br />fiscal year 2012 -13. The policy is approved annually and there are proposed updates for the <br />policy for 2012 -13. <br />BACKGROUND <br />California Government Code Section 53600 et seq. and Section VIII of the San Leandro <br />Investment Policy requires the City Council to annually review and approve the City's <br />Investment Policy. This policy was last adopted on June 20, 2011. <br />The City of San Leandro Investment Policy (Investment Policy) provides specific guidelines for <br />the City's investment management functions and remains in compliance with the model policy <br />approved by the Association of Public Treasurers of the U.S. and Canada and California <br />Government Code Section 53601. The Investment Policy serves as a guide for setting and <br />achieving investment objectives, defines rules and established benchmarks, prohibits and /or <br />restricts investment instruments and reduces exposure to liability of both staff and Council. <br />Compliance with the policy is an element of fiscal discipline considered by the auditors and <br />rating agencies during their respective reviews. <br />Staff has reviewed the current policy and has seven recommended changes for 2012 -13. In <br />addition, state legislation has been reviewed to determine if there have been any updates or <br />changes to state law that should be reflected in the City's policy and there are none. Should <br />the legislature take such action in 2012 -13, then staff will return to Council with the necessary <br />recommended changes. <br />1. Page 2, II. Policy Scope - The recommended change is to include the phrase <br />"Successor Agency to the" Redevelopment Agency due to the dissolution of RDA. <br />City of San Leandro Page 1 Printed on 711012012 <br />
The URL can be used to link to this page
Your browser does not support the video tag.