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Annual Statement of Investment Policy <br />June 1, 2021 <br />Page 2 <br />1 <br />7 <br />7 <br />0 <br />Treasurers of the United States & Canada (APTUS&C) and the California Municipal <br />Treasurers Association (CMTA) for review and received re-certification. In FY 2019-20, <br />the City of Santa Ana received Investment Policy Certifications from the APTUS&C at <br />the international North American level and the CMTA at the state level. Only a handful <br />of California cities currently hold such dual certification. <br />Both certification bodies recommend that local public agency investment policies be <br />evaluated annually, but that absent significant legislative changes or changes in <br />industry standards or substantive modifications, submittal for re-certification should be <br />considered only every three to five years. This year, once again, staff recommended <br />changes have been limited and generally of a non-substantial nature. These changes, <br />which are listed below, have been incorporated into the recommended City of Santa <br />Ana Investment Policy Statement for 2021-2022. <br />These changes continue to reflect updated certification organization requirements <br />mirroring the policy consensus of the Association of Public Treasurers of the United <br />States & Canada and the California Municipal Treasurers Association. <br />The changes include, but are not limited to the following updates: <br />Update prohibiting purchases of private resales of unregistered securities. <br />Update to address periodic Investment Policy Statement re-certification. <br />Update of legislative California Investment Code Abstracts. <br />Update of corresponding California Debt and Investment Advisory Commission <br />(CDIAC) Guidelines for Allowable Investment Instruments per State Government <br />Code (As of January 1, 2021) applicable to all Local Agencies. <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />EXHIBIT(S) <br />1. Resolution <br />2. Annual Statement of Investment Policy <br />Submitted By: Kathryn Downs, FMSA Executive Director <br />Approved By: Kristine Ridge, City Manager