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File #: 18605   
Type: Consent Calendar Status: Agenda Ready
Meeting Body: City Council
On agenda: 12/11/2018
Title: Annual Report of the Investment Review Committee for Fiscal Year 2017-18
Attachments: 1. Council Report, 2. ATT 1 - Resolution, 3. ATT 2 - Annual Report of the IRC for FY 2017-18, 4. ATT 3 - Agenda and Reports, IRC Meeting, October 31, 2018, 5. ATT 4 - Agenda and Report, IRC Meeting, November 26, 2018

Title

Annual Report of the Investment Review Committee for Fiscal Year 2017-18

Recommended Action

1.                     Accept the Annual Report of the Investment Review Committee for Fiscal Year 2017-18.

 

2.                     Adopt a Resolution of the City Council Modifying City Council Policy B-2, Investment Policy, to be read in title only, further reading waived (Attachment 1 to the Council Report).

 

3.                     Approve the Investment Review Committee’s recommendation to divest the City’s holdings in Chevron and Exxon Mobil Corporate Notes as soon as possible.