DATE: November 18, 2020
TO: Council Budget and Finance Committee
FROM: Director of Finance
SUBJECT
Investment Portfolio Review and FY 2021 Statement of Investment Policy Update
RECOMMENDATION
That the Council Budget and Finance Committee reviews and comments on the 2019-2020 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 2021 Statement of Investment Policy.
SUMMARY
This report provides an overview of the FY 2019-2020 year-end City investment portfolio. Staff is recommending that the Committee reviews and requests Council approval of the updates to the Fiscal Year 2021 Statement of Investment Policy.
ATTACHMENTS
Attachment I Staff Report
Attachment II 2019-2020 Year-End Portfolio Review
Attachment III PFM Asset Management Annual Policy Review Summary
Attachment IV Statement of Investment Policy Updates