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File Number: 22-283 <br />·Permitted investment instruments in the portfolio, <br />·Term of remaining maturity of five-years or less at security acquisition, <br />·Yield comparisons for investment performance including LAIF (Local Agency Investment <br />Fund), two-year Treasury Bills, and five-year Treasury Notes. <br />Staff proposes no changes for 2022-2023 to the existing Investment Policy Statement. Finance <br />makes this recommendation following a review of the policy statement by Chandler Asset <br />Management, which advised there are no significant changes in state guidelines or best <br />practices. <br />It should be noted that Chandler expects markets to remain volatile given current geopolitical <br />conflict. However, the City’s portfolio has no direct exposure to Russian sovereign or Russian <br />company debt. <br />Committee Action <br />The 2022-2023 Investment Policy Statement was reviewed by the Finance Committee on April 5, <br />2022. <br />Previous City Council Action <br />The Investment Policy is reviewed annually and was last reviewed by the City Council on May 17, <br />2021. <br />ATTACHMENT <br />·Attachment A-Resolution of the City Council Approving Investment Policy Statement <br />·Attachment B-City of San Leandro Investment Policy Statement <br />PREPARED BY <br />Susan Hsieh, Finance Director <br />Page 2 City of San Leandro Printed on 4/27/2022