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File Number: 19-081 <br />2. Page 7 of 15 added “Socially Responsible Investing” language approved by the City’s <br />Finance Committee to Section “VII. Authorized and Suitable Investments” section of the <br />investment policy, which will read “the investment policy prohibits investing in an entity that <br />receives a significant portion of their revenues from the gun manufacturing, fossil fuel <br />production, private prisons and tobacco producers”; <br />3. Page 12 of 15 “Asset-Backed, Mortgage-Backed, Mortgage Pass-Through Securities, <br />and Collateralized Mortgage Obligations” description updated to comply with AB 1770, <br />Section (o) in California Code 53601, effective January 1, 2019; and <br />4. Appendix B “Glossary of Technical Terms” updated to be consistent with best practices. <br />Previous City Council Action(s) <br />The Investment Policy is reviewed annually and was last reviewed by the City Council on June 18, <br />2018 by Resolution No. 2018-062. <br />ATTACHMENTS TO RESOLUTION <br />San Leandro Investment Policy Statement <br />PREPARED BY: David Baum, Finance Director, Finance Department <br />Page 2 City of San Leandro Printed on 6/12/2019 <br />22