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Clayton City Council accepts quarterly investment report, will post UBS analysis
Summary
The council voted 4–0 Nov. 21 to accept the City’s investment portfolio report for the quarter ending Sept. 30, 2023; the Budget & Audit Subcommittee decided to post a UBS investment report to the City website. Finance Director was absent and City Manager Bret Prebula presented the report.
Clayton City Council on Nov. 21 unanimously accepted the city’s investment portfolio report for the quarter ending Sept. 30, 2023.
In Finance Director Prapti Aryal’s absence, City Manager Bret Prebula told the council the city’s investment position has improved and that the Budget & Audit Subcommittee agreed to post the UBS investment report on the City of Clayton website. Councilmember Tillman asked questions about UBS portfolio considerations; Councilmember Trupiano noted the full audit report will be presented to the council on Dec. 19, 2023.
Councilmember Cloven moved to accept the investment portfolio report; Councilmember Trupiano seconded. The motion passed, 4–0, with Mayor Jeff Wan absent.
The vote completes the council’s receipt of the first-quarter investment materials; the audit presentation scheduled for Dec. 19 is the next scheduled briefing on related financial oversight.
