Chapter 2256 of the Government Code, also known as “The Public Funds Investment Act” requires the City to have a written investment policy that must be reviewed by the governing body.  Attached is a copy of our investment policy which was last revised in October, 2017.  The investment policy has been reviewed by the Investment Committee, which is comprised of the Mayor, the City Manager, the Assistant City Manager, and the Finance Director.  The committee has determined that the only revisions to the policy that are necessary are changes that refer to the position Assistant City Manager/Finance Director.  That position no longer exists and the investment duties have been assigned to the Finance Director.  The Investment Committee recommends approval of the resolution approving the amended investment policy.