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CITY OF COLTON <br />AGENDA REPORT <br />rvlc l.vuAt-11b 1v1C,E 111V1ff Ur July 6, 1999 <br />TO: HONORABLE MAYOR & CITY CO CIL <br />APPROVAL: HENRY GARCIA CITY MANAGE <br />J-/ <br />FROM: MICHAEL J. WILLIAMS, CITY TREASURER M-JIJ <br />SUBJECT: ANNUAL APPROVAL OF THE CITY'S INVESTMENT POLICY <br />DATE: June 18. 1999 <br />BACKGROUND: <br />The California Government Code (53646) requires that the City Council annually <br />review and approve the City's Investment Policy at a Public meeting. <br />DISCUSSION AND ANALYSIS: <br />There have been no changes to the Government Code related to investments or <br />changes to the City that would require a modification to the City's existing <br />Investment Policy. The Policy presented is exactly the same as last year. <br />ALTERNATIVES: <br />There are no alternatives other than to request changes to the policy presented. <br />FINANCIAL IMPACT: <br />None <br />RECOMMENDATION: <br />Approval of the Treasurer's recommended policy. <br />Attachments <br />Item # 20 <br />