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Council reauthorizes investment policy, keeps funds in LGIP to preserve liquidity
Summary
Council approved Resolution 11-2026 to reauthorize the city’s investment policy for another year, continuing conservative investments in the Local Government Investment Pool (LGIP) at about a 4% return to preserve liquidity for possible fire facility expenses.
Staff member - Planning/Building (S3) reviewed the city’s investment policy and recommended reauthorization for another year to preserve capital and liquidity. "We chose to keep the money in the local government investment pool, which is currently paying about 4%, mostly to preserve liquidity," Staff member - Planning/Building (S3) said.
The council approved Resolution 11-2026 after a short discussion emphasizing conservative investment objectives (preserve capital, maintain liquidity, avoid speculative returns that could create arbitrage issues). Staff said holding liquid assets supports the city's ability to participate in fire facility conversations and potential future capital needs.
