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CITY OF SANTA ANA STATEMENT OF INVESTMENT POLICY <br />JULY 1, 2017 — JUNE 30, 2018 <br />Page 11 <br />REPORTING: <br />Government Code Section 53646 previously mandated that annual investment policies and <br />quarterly reports be rendered to the legislative body (for the City of Santa Ana - the City Council). <br />AB 2853 amended Government Code Section 53646 making these requirements permissive <br />rather than mandatory. Although the Annual Investment Policy and Quarterly Reports to City <br />Council are no longer required, we believe it to be both prudent and in keeping with the spirit of <br />the City's Sunshine Policy that these documents continue to provided. The Executive Director for <br />FMSA shall therefore continue to render to the City Council a statement of investment policy and <br />a report to the City Council and City Manager containing detailed information on all securities, <br />investments, and moneys of the City. The report will be submitted on at least a quarterly basis <br />and provided to the Council within thirty (30) days following the end of the quarter. <br />The report will contain the following information on the funds that are subject to this investment <br />policy: <br />1) Type of investment (name of the issuer) <br />2) Date of maturity <br />3) Par and dollar amounts invested in each security <br />4) Weighted average maturity of the investments <br />5) Market value as of the date of report <br />6) Source of the market value information <br />7) Any funds, investments or programs, including loans, under the management of <br />contracted parties <br />In addition, a description of the City's compliance with the Statement of Investment Policy shall be <br />provided along with a statement denoting the City's ability to meet its expenditure requirements <br />for the next six months. <br />55D-18 <br />