City Council - 7/1/2025 - Agenda Item N3 - Investment Policy

During the City of Oxnard's July 1, 2025 council meeting, the council reviewed and discussed the annual investment policy for fiscal year 2025-2026. The policy outlines the guidelines for prudent investment of the city's surplus funds in compliance with California government codes. Proposed updates included minor typographical corrections, an updated list of authorized brokers and dealers, and a key decision on investment authority delegation. Staff recommended that the city council retain investment authority rather than delegating it to the city treasurer. Ultimately, the council was advised to adopt a resolution approving the updated investment policy and provide direction on investment authority delegation.