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Finance and Management Services <br />www.santa-ana.org/finance <br />Item # 10 <br />City of Santa Ana <br />20 Civic Center Plaza, Santa Ana, CA 92701 <br />Staff Report <br />June 18, 2024 <br />TOPIC: Annual Statement of Investment Policy <br />AGENDA TITLE <br />Adopt a Resolution Approving the City's Annual Statement of Investment Policy 2024- <br />2025; Receive and File Annual Statement of Investment Policy 2024-2025 <br />RECOMMENDED ACTION <br />1. Adopt a Resolution approving the City's 2024-2025 Investment Policy. <br />RESOLUTION NO. 2024-XXX entitled A RESOLUTION OF THE CITY COUNCIL <br />OF THE CITY OF SANTA ANA APPROVING THE CITY'S STATEMENT OF <br />INVESTMENT POLICY <br />2. Receive and file the Annual Statement of Investment Policy 2024-2025. <br />GOVERNMENT CODE §84308 APPLIES: No <br />DISCUSSION <br />In accordance with State law, the Finance and Management Services Agency annually <br />submits a resolution approving the City's Investment Policy (Exhibit 1) and the Annual <br />Statement of Investment (Exhibit 2). <br />The investment policy outlines the following primary goals: <br />• To assure compliance with all Federal, State, and local laws governing the <br />investment of monies; <br />• To provide for the safety of principal; <br />• To provide for the maintenance of sufficient liquidity; and <br />• To provide an investment return within the parameters of the Statement of <br />Investment Policy and Investment Portfolio guidelines. <br />The investment policy applies to all financial assets of the City with the exception of <br />individual employee retirement contribution funds and deferred compensation, which <br />are specifically excluded. Bond Proceeds are restricted and are invested in compliance <br />with this investment policy following the specific requirements of their applicable bond <br />resolutions. Finance investment staff continuously evaluates the City's policy with <br />