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City of San Leandro <br />Meeting Date: June 18, 2018 <br />Staff Report <br />Agenda Section:File Number:18-224 CONSENT CALENDAR <br />Agenda Number:8.I. <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 a Resolution of the City of San Leandro City Council to Approve <br />the City of San Leandro’s Investment Policy for Fiscal Year 2018-19 <br />SUMMARY AND RECOMMENDATION <br />Staff recommends that the City Council approve the City of San Leandro Investment Policy for <br />fiscal year 2018-19. The policy is approved annually and there are no proposed updates from the <br />2017-18 investment policy. <br />BACKGROUND AND PROPOSED UPDATES <br />California Government Code Section 53600 et seq. and Section VIII “Reporting” of the San <br />Leandro Investment Policy requires the City Council to annually review and approve the City’s <br />Investment Policy. This policy was last adopted on June 19, 2017. <br />The City of San Leandro Investment Policy (Investment Policy) provides specific guidelines for the <br />City’s investment management functions and remains in compliance with the model policy <br />approved by the Association of Public Treasurers of the United States and Canada and <br />California Government Code Section 53601. The Investment Policy serves as a guide for setting <br />and achieving investment objectives, defines rules and established benchmarks, prohibits and/or <br />restricts investment instruments and reduces exposure to liability for both staff and the City <br />Council. Compliance with the policy is an element of fiscal discipline considered by the auditors <br />and ratings agencies during their respective reviews. <br />Staff has reviewed the current policy and has no proposed updates for fiscal year 2018-19. <br />Previous City Council Action(s) <br />The Investment Policy is reviewed annually and was last reviewed by the City Council on June 19, <br />2017 by Resolution No. 2017-087. <br />ATTACHMENTS TO RESOLUTION <br />Page 1 City of San Leandro Printed on 6/12/2018 <br />679