TO: LINDA REICH, CITY MANAGER
FROM: KIM SAO, DIRECTOR OF FINANCE
SUBJECT
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Annual Adoption of City of Chino and Successor Agency Investment Policy.
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RECOMMENDATION
Adopt City Resolution No. 2026-010 and Successor Agency Resolution No. SA 2026-001 containing the City of Chino and Successor Agency Statement of Investment Policy and delegating authority to the City Treasurer.
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FISCAL IMPACT
No fiscal impact.
CITY OF CHINO MISSION / VISION / VALUES / STRATEGIC ISSUES
The recommendation detailed above furthers the City's values and strategic issues that serve as key pillars on which identified priorities, goals, and action plans are built, by fostering:
* Financial Stability
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Expenditure:
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BACKGROUND
The City invests its cash balances in conformance with the California Government Code, which establishes three primary investment objectives: safety, liquidity and yield. The City adheres to the prudent investor standard and follows best practices in treasury management. California Government Code Section 53600 et seq. authorizes the investment of public funds and sets forth the permissible investment instruments for local agencies.
Chino's annual Statement of Investment Policy (attached) defines the specific investment parameters applicable to the City. These parameters may be more restrictive than the State Code, but may not be less restrictive. The Investment Policy also serves as a guiding document for achieving the City's investment objectives and outlines the overall framework for managing the investment portfolio.
City Council last adopted the Investment Policy on February 18, 2025. State Law requires that the City maintain an active investment policy for the entire fiscal year.
ISSUES/ANALYSIS
The policy is reviewed each year to ensure compliance with any changes in State Code and incorporate staff'...
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