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File Number: 23-221 <br />investment remaining term to maturity, and rating agency language focusing on NRSROs <br />(Nationally Recognized Statistical Rating Organizations) rather than identifying specific rating <br />agencies (the glossary defines NRSRO). The Other Requirements section of the Summary of <br />Eligible Investments table has been slightly modified. <br />Several changes arose from the City Council Finance Committee review. Investment in <br />Medium-Term Corporate Notes is limited to a maximum percentage of 5% per issuer and the <br />City shall be notified of any action on a downgraded security within two business days. <br />REVIEW BY CITY COUNCIL FINANCE COMMITTEE <br />The City Council Finance Committee reviewed the updated City of San Leandro Investment <br />Policy Statement for 2023-2024 on April 26, 2023. The Finance Committee incorporated edits to <br />the policy, which have been incorporated in Attachment B, and unanimously recommended the <br />revised policy be moved to the City Council for approval. <br />ATTACHMENTS <br />·Attachment A - Resolution Approving City of San Leandro Investment Policy Statement <br />·Attachment B - City of San Leandro Investment Policy Statement <br />PREPARED BY <br />T. Michael Yuen, Finance Director <br />Page 2 City of San Leandro Printed on 5/10/2023