Laserfiche WebLink
<br />6.18 <br />Page 1 <br /> <br />REPOR'T <br /> <br />To th& Honot-a,&le May. and City OoullCil <br />From the City Ma:n.ager <br /> <br />June 16, 2008 <br /> <br />Subject <br />Investment Policy <br /> <br />Recommendation <br />Approve by motion the City of Redwood City investment policy as proposed. <br /> <br />Background <br />The government code requires that the City's investment policy be presented to the City <br />Council for review and approval each year only if there are changes made to the policy. <br /> <br />Inasmuch as the recommended changes are more clerical and ministerial in nature the <br />Council Finance Committee was not convened to review these changes. Instead staff <br />presented the proposed changes to Council member Ira, chair ofthe Finance Committee, <br />who reviewed such changes and directed staff to present the revised investment policy to <br />the full Council for consideration. <br /> <br />The recommended investment policy with the changes illustrated in underline and <br />strikethrough format is attached for your review. <br /> <br />p A rz-. <br /> <br />Brian Ponty <br />Director of Finance <br /> <br />~~,& ~j "h:v f0e" 1iIg(~ <br />eter Ingram <br />City Manager <br /> <br />ATTACHMENTS <br />1. Proposed 2008 Investment Policy and Guidelines <br />