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Council approves Investment Review Board work plan for 2026
Summary
The City Council unanimously adopted the Investment Review Board’s 2026 work plan, which directs quarterly portfolio reviews and an annual investment‑policy review; council thanked volunteers and staff for establishing the board.
The Carlsbad City Council unanimously adopted a resolution Feb. 10 approving the Investment Review Board’s work plan for calendar year 2026, tasking the board with quarterly investment reviews and an annual review of the city’s investment policy.
Finance Director Zach (as identified in the presentation) said the board — chaired by the elected city treasurer with appointed members — will review portfolio safety, liquidity and returns and will report any recommended changes to the council. Council members thanked Treasurer Christian Peacocks and volunteers for their work establishing the board.
The council voted to adopt the resolution without public comment and directed staff and board members to continue quarterly reporting and to bring any proposed policy changes to council review.
