DATE: November 1, 2023
TO: Council Budget and Finance Committee
FROM: Director of Finance
SUBJECT
Investment Portfolio Review and FY 2024 Statement of Investment Policy Update
RECOMMENDATION
That the Council Budget and Finance Committee reviews and comments on the FY 2022-2023 Year-End Portfolio Review (Attachment II) and recommends Council approval of the proposed updates from the City’s portfolio manager, PFM Asset Management, to the Fiscal Year 2024 Statement of Investment Policy (Attachment IV).
SUMMARY
This report provides an overview of the FY 2022-2023 year-end City investment portfolio. Staff is recommending that the Committee reviews updates to the Fiscal 2024 Statement of Investment Policy.
ATTACHMENTS
Attachment I Staff Report
Attachment II 2022-2023 Year-End Portfolio Review
Attachment III PFM Asset Management Annual Policy Review Memo
Attachment IV FY 2024 Statement of Investment Policy