Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Oxnard council adopts FY25–26 investment policy, asks staff to study delegation alternatives
Summary
Council unanimously adopted the city’s FY 2025–26 investment policy and retained oversight while directing staff to research options—including a financial professional under the elected treasurer or other delegation models—and return with findings for council review.
The Oxnard City Council adopted a resolution approving the city’s fiscal year 2025–26 investment policy and, after a lengthy discussion, retained the council’s ultimate investment authority while directing staff to research and report back on delegation options.
Council voted 7–0 to adopt the policy as presented. The policy lays out the city’s priorities for surplus cash management—first, security of funds; second, liquidity to meet city obligations; and third, yield within those constraints. The resolution fulfills the annual requirement in state law that local governments present an investment policy to their legislative body.
Dis…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
