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17.0 REPORTING <br />Government Code Section 53646(b)(1) previously mandated that annual investment <br />policies and quarterly reports be rendered to the legislative body (for the City of Santa Ana <br />- the City Council). AB 2853 amended Government Code Section 53646 making these <br />requirements permissive rather than mandatory. Although the Annual Statement of <br />Investment Policy and Quarterly Reports to City Council are no longer required, we believe <br />it to be both prudent and in keeping with the spirit of the City's Sunshine Policy that these <br />documents continue to provided. The Executive Director for FMSA shall therefore <br />continue to render to the City Council an annual Statement of Investment Policy and <br />regular reports to the City Manager and the City Council containing detailed information on <br />all securities, investments, and moneys of the City. The reports will be informally <br />submitted to the City Manager and City Council on a monthly basis and will be rendered <br />formally to the City Council on a quarterly basis as part of a scheduled open City Council <br />Meeting agenda within thirty (30) days following the end of each quarter. <br />The report will contain the following information on the funds that are subject to this <br />investment policy: <br />1) Type of investment and name of issuer; <br />2) Date of maturity; <br />3) Par amount; <br />4) Dollar amount invested in all securities, and investments and monies held by <br />the City (amortized cost or book value); <br />5) Weighted average maturity of the investments; <br />6) Current market value as of the date of report of all funds held by the City and <br />under the management of any outside party that is not also a local agency or <br />tAIF and the source of the valuation; <br />7) Source of the market value information; <br />8) A description of the any funds, investments or programs, including loans, <br />under the management of contracted parties such as tAIF, investment. <br />pools, outside money managers, and securities lending agents); <br />9) A statement of compliance with the investment policy or an explanation for <br />non-compliance; and <br />10) A statement of the local agency's ability to meet its pool's expenditure <br />requirements for the next six months, as well as an explanation of why <br />sufficient money will not be available if that is the case. <br />City of Santa - Annual page 20 July 1, 2020 - <br />Statement of Investment Policy June 30, 2021 <br />55A-26 <br />