PREPARED BY: ARTURO CASTILLO DATE OF MEETING: 06/15/2026
SUBJECT:
TITLE
CONSIDER ADOPTING RESOLUTIONS OF THE CITY COUNCIL OF THE CITY OF SAN PABLO AND THE SAN PABLO LOCAL SUCCESSOR AGENCY BOARD APPROVING AND ADOPTING A REVISED INVESTMENT POLICY FOR FY 2026-27
CEQA: This proposed action is not a project as defined by CEQA.
Label
CITY MANAGER RECOMMENDATION
Recommendation
Adopt Resolution
BODY
COMPLIANCE STATEMENTS
Continue Best Management Practices, Fiscal Excellence, and Fiscal Transparency is an adopted City Council Priority contained in the adopted Fiscal Year 2025-2027 City Council Priority Workplan, effective April 7, 2025.
RECOMMENDATION:
Staff recommends that the City Council and the Local Successor Agency (LSA) each adopt the attached resolutions approving a revised version of the City's and LSA's Investment Policy (Policy) for FY 2026-27.
BACKGROUND
California Government Code Section 53646 allows the Treasurer or Chief Financial Officer (CFO) to render annually to the City Council and the LSA Board of Directors a statement of investment policy and requires that any change in the policy be considered at a public meeting. The Policy is reviewed annually to ensure it comports with current City and LSA objectives. Further, Government Code Section 53607 requires that a legislative body delegate investment authority to the CFO annually.
The City's and LSA Board of Directors' Investment Policy sets forth the City's and LSA investment objectives, risk preferences, authorized investments, and other investment-related priorities. A thoughtful and comprehensive investment policy not only provides a level of accountability for investment officials, but it also promotes public trust in investment decisions. Developing, reviewing, and monitoring the City's and LSA Board of Directors' Investment Policy serves as an important tool of communication between the investment official, City management, and the City Council and LSA Board of Directors.
Prior to ...
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