Item 17 - Annual Statement of Investment Policy

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Annual Statement of Investment Policy June 16, 2026 Page 2 Finance staff reviews the City's policy annually to ensure compliance with applicable laws, industry standards, and best practices. This review evaluates whether new state statutes or regulations should be adopted or whether operational improvements are advisable. The current policy was reviewed and certified by the California Municipal Treasurers Association (CMTA). CMTA re-certification was granted on May 31, 2022. CMTA recommends that policies be reviewed annually and recertified every three to five years, absent significant legislative changes, shifts in industry standards, or major revisions to the policy. The City is scheduled to undergo its next policy recertification review in 2027, in preparation for the 2027-28 fiscal year. Only minor revisions are proposed for FY2026- 27, including: • Reorganization of the Delegation of Authority provisions in Section 5.2 to improve clarity and eliminate duplicative language without changing policy intent. • Streamlining of Section 12.1, Safekeeping and Custody, without modifying any substantive requirements. All remaining revisions are organizational, grammatical, or formatting improvements that do not materially alter the City's investment objectives, controls, or reporting requirements. According to the Local Agency Investment Guidelines published annually by the California Debt and Investment Advisory Commission (CDIAC), there are no federal or regulatory changes affecting the City's investment practices for FY2026-27. ENVIRONMENTAL IMPACT There is no environmental impact associated with this action. FISCAL IMPACT There is no fiscal impact associated with this action. EXHIBIT(S) 1. Resolution 2. Annual Statement of Investment Policy Submitted By: Alexander Trinidad, Executive Director, Finance and Management Services Approved By: Alvaro Nunez, City Manager