Title
Budget Snapshot - Investments
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Receive a briefing on City Investments. Briefing only; No action requested.
Report
Issue:
Whether to receive a briefing on City Investments.
Staff Contact:
Nanci Lien, Fiscal Services Director, 360.756.8465
Presenter(s):
Nanci Lien, Fiscal Services Director, Administrative Services Department
Background and Analysis:
The City of Olympia invests cash that will not be used in the near future, to maximize the highest investment return while minimizing risk. The City adheres to the Investment Policy adopted by City Council in May 2017. The policy provides staff and the City’s financial investment consultant, Government Portfolio Advisors, with parameters for managing the City’s investment portfolio.
Staff will brief the Finance Committee on the investment policies, the various funds, and their performance.
Neighborhood/Community Interests (if known):
N/A
Options:
Information only.
Financial Impact:
N/A
Attachments:
None