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City of San Leandro <br />Meeting Date: June 7, 2021 <br />Staff Report <br />Agenda Section:File Number:21-357 CONSENT CALENDAR <br />Agenda Number:8.E. <br />TO:City Council <br />FROM:Fran Robustelli <br />City Manager <br />BY:Susan Hsieh <br />Finance Director <br />FINANCE REVIEW:Not Applicable <br />TITLE:Staff Report for a City of San Leandro City Council Resolution Approving the <br />Agreement between the City of San Leandro and Chandler Asset Management <br />for Investment Services effective July 1, 2021 <br />SUMMARY AND RECOMMENDATIONS <br />Staff recommends that the City Council review and approve the agreement between the City of <br />San Leandro and Chandler Asset Management for investment services effective July 1, 2021. <br />BACKGROUND <br />On October 3, 2016, the City Council approved a consulting services agreement with Chandler <br />Asset Management for investment services of City funds through June 30, 2020. Chandler was <br />selected based on its ability to assist the City in developing an investment management program <br />that established appropriate durations of investments based on the City’s cash flow needs, and <br />that was aligned with the City’s conservative investment approach. <br /> <br />Analysis <br />Over the last several years, Chandler Asset Management has provided the following services to <br />the City of San Leandro: <br />·Monthly consultation with City staff regarding the City’s cash flow needs, investment <br />opportunities and market conditions <br />·Trade execution, trade confirmation and trade settlement with City’s safekeeping bank <br />·Annual review of the City’s investment policy ensuring all regulatory updates are included <br />·Monitoring of creditworthiness of investments <br />·Monthly and quarterly reporting and analysis of investment holdings and performance <br />·Adherence to the City’s investment philosophy of Safety, Liquidity and Yield <br />Page 1 City of San Leandro Printed on 6/4/2021 <br />117