Agenda

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Agenda Item 5.

Investment Advisory Committee

Meeting Date:	07/24/2023
FROM:	Bill Gallardo

Subject:

Statement of Investment Policy for the City/Brea Successor Agency to the Brea Redevelopment Agency

RECOMMENDATION

Review and approve the City of Brea/Successor Agency to the Brea Redevelopment Agency Statement of Investment Policy.

BACKGROUND/DISCUSSION

By policy, the City Council is required to annually review and adopt an investment policy as recommended by the Investment Advisory Committee for the City and the Successor Agency to the Brea Redevelopment Agency.

Last year, the City's investment guidelines were broadened to allow additional investment options and as a result of these prior adjustments, the City's investment advisor, Chandler Asset Management, is not recommending any new changes to this year's investment policy.

FISCAL IMPACT/SUMMARY

There is no fiscal impact from the adoption of the Statement of Investment Policy.

RESPECTFULLY SUBMITTED:

William Gallardo, City Manager
Prepared by: Faith Madrazo, Financial Services Manager-Revenue and
Monica Lo, Deputy Director of Administrative Services
Concurrence: Kristin Griffith, Director of Administrative Services

Attachments
Proposed Investment Policy