My WebLink
|
Help
|
About
|
Sign Out
Home
8H Consent 2013 0520
CityHall
>
City Clerk
>
City Council
>
Agenda Packets
>
2013
>
Packet 2013 0520
>
8H Consent 2013 0520
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/30/2013 11:53:07 AM
Creation date
5/15/2013 2:10:40 PM
Metadata
Fields
Template:
CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
5/20/2013
Retention
PERM
Document Relationships
_CC Agenda 2013 0520 RGAmended2
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2013\Packet 2013 0520
Reso 2013-063
(Reference)
Path:
\City Clerk\City Council\Resolutions\2013
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
16
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).
Download electronic document
View images
View plain text
San Leandro Investment Policy Statement Page 8 of 13 <br /> <br />Performance Standards <br /> <br />The investment portfolio shall be designed with the overall objective of obtaining a total <br />rate of return throughout economic cycles, commensurate with investment risk <br />constraints and cash flow needs. <br /> <br />The investment performance objective for the portfolio shall be to earn a total rate of <br />return over a market cycle which is approximately equal to the return on a Market <br />Benchmark Index of similar risk characteristics as that of the City’s investment portfolio. <br /> <br />Other market investments that may be used as yield comparisons include: <br /> <br />♦ The State of California Local Agency Investment Fund (LAIF) <br />♦ The two-year U.S. Treasury Bill <br />♦ The five-year U.S. Treasury Note <br /> <br /> <br />Reporting <br />This policy will be reviewed annually with the City Council to ensure compliance with the <br />objectives of safety, liquidity and yield and adherence with applicable laws. The City <br />Council Finance Committee will review and approve all changes to this policy statement <br />prior to submittal to the full City Council for approval. <br /> <br />California Government Code Section 53646 states that the Finance Director may render a <br />quarterly report on the status of the City’s investment portfolio to the City Manager and the <br />City Council within 30 days after the end of the calendar quarter. The report will provide <br />detailed information regarding the type of investments, the amount invested with various <br />institutions, purchase and maturity dates, and interest yield on all investments. The report <br />shall state if the City’s investments are in compliance with this policy and if the City will be <br />able to meet its cash obligations during the next six-month period. The Finance Director, <br />will submit a monthly transactions report on the portfolio’s activity to the City Manager and <br />City Council consistent with the requirements of the State Code. <br /> <br /> <br />
The URL can be used to link to this page
Your browser does not support the video tag.