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Council adopts minor updates to city investment policy after public questions over fund balances
Summary
City Treasurer staff briefed council on three modest changes to the 2025 investment policy — a liquidity maturity parameter, repurchase‑agreement safekeeping language, and an industry classification standard for energy exclusions — and council approved the updates after public comment about fund balances and transparency.
City Treasurer staff presented the annual investment policy and an annual delegation of authority to invest city funds, and the City Council approved three clarifying policy changes on Nov. 12.
Chief Investment Officer Emmanuel Labrinos and senior investment officer Stanley Martinez said the treasury's pooled fund had a market value of about $2.13 billion as of Sept. 30 and generated roughly $76.7 million of income…
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