DATE: November 20, 2024
TO: Council Budget and Finance Committee
FROM: Director of Finance
SUBJECT
Investment Portfolio Review and FY 2025 Statement of Investment Policy Update
RECOMMENDATION
That the Committee reviews and comments on the Annual Portfolio Review (Attachment II) and the proposed updates the FY 2025 Statement of Investment Policy (Attachment IV) from the City’s portfolio manager, PFM Asset Management.
SUMMARY
This report provides an overview of the annual City investment portfolio from October 2023 through September 2024. Staff is recommending that the Committee reviews updates to the Fiscal 2025 Statement of Investment Policy.
ATTACHMENTS
Attachment I Staff Report
Attachment II 2023-2024 Annual Portfolio Review
Attachment III PFM Asset Management Annual Policy Review Memo
Attachment IV Draft FY 2025 Statement of Investment Policy