Statement of Investment Policy 2026 review
Summary
The treasurer wants to add asset-backed securities to the city's investment options and gain flexibility for handling Measure FP bond cash. A commissioner pushed back until he sees exact wording changes, so the vote waits until next meeting.
At a glance
- Total mentions
- 2
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Oct 8, 2026.
Impact analysis
Affects how the city invests $93.35 million in bond proceeds and its broader portfolio; no direct taxpayer cost stated.
City taxpayers benefit from safe, compliant investment of bond funds.
Mentions & discussions (2)
Budget & Finance Commission — October 8, 2026
The treasurer wants to add asset-backed securities to the city's investment options and gain flexibility for handling Measure FP bond cash. A commissioner pushed back until he sees exact wording changes, so the vote waits until next meeting.
Budget & Finance Commission — February 12, 2026
The commission reviewed quarterly investment performance and year-end financial closing numbers to ensure the city's money is managed prudently. These reports give a clear picture of Redondo Beach's overall fiscal health.
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