The City Council of Oxnard discussed the delegation of investment authority as outlined in the city's fiscal year 2025-26 investment policy. The policy maintains that the City Council holds ultimate responsibility for overseeing the investment program and ensuring compliance. It also permits the engagement of external investment managers and authorizes investments in local government investment pools that meet city criteria. The council sought direction from staff regarding the delegation of this investment authority to external managers or other entities.

City Council - 9/16/25 - Agenda Item N4 - Delegation of Investment Authority