Finance
Administration
Phone (805) 388-5320 
Fax      (805) 388-5318
Email

INVESTMENT PROGRAM

Section 53601 of the Government Code of the State of California specifies allowable investments for public agencies. 

Investment Policy

The Investment Policy authorizes officials in positions of trust to act with care and prudence when making decisions regarding management and investment of public funds. Investments will be made in accordance with provisions of California Government Code, the Municipal Code, and this policy. The City’s investment objectives are to safeguard principal, ensure liquidity to meet cash flow needs, and obtain an appropriate rate of return.

The Director of Finance will prepare a monthly Investment Report, including a management summary of the status of the investment portfolio and all security transactions made during the past month. This report will be approved and signed by the City Manager and submitted to the Investment Committee and City Council with thirty (30) days following the end of the month.

Investment Reports (4 Documents)