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<br /> 6.18 <br />REPORT Page 1 <br /> To the Honorable ~a~ot an.d 9i~;ttY:n:cil <br /> F'r()m the OityManager <br />June 19,2006 <br />Subject <br />Investment Policy <br />Recommendation <br />It is recommended that the City Council approve the existing City of Redwood City <br />Investment Policy without changes. <br />Background <br />The government code requires that the City's Investment Policy be presented to Council for <br />review and approval each year. The City's practice is to first present the Investment Policy <br />to the Finance Committee, consisting of Vice Mayor Rosanne Foust, and Council Members <br />Jeff Ira and Jim Hartnett, for review and approval of any suggested changes. The chair of <br />the Finance Committee, Council Member Ira, is recommending that the Investment Policy <br />be approved without a formal meeting of the Finance Committee due to the fact that there <br />are no proposed changes to the Investment Policy. <br />The Investment Policy is attached for your review. <br />"-) (, 1: <br />; ,-('" C/ I <br />'."'l ' ',. <br />'>'-..{ \ i/ G',,", I ." <br />. ".. ',,,. /I.-d.;t ,~-l \ >"':lfor,l./;; ,,.,,..,,'::,. r. I( <br />; i (...J..,.s'k - I Of .".~. <br />Brian Panty Edward P. Everett <br />Director of Finance and City Manager <br />Financial Planning <br />Attachment <br />Investment Policy and Guidelines <br /> ._,-,~_.._..."...,. <br />