HomeMy WebLinkAboutReso 84-26 Approving the Annual Review of the Statement of Investment Policy and Delegation of Authority to Complete Investment TransactionsRESOLUTION NO. 84 – 26
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
APPROVING THE ANNUAL REVIEW OF THE STATEMENT OF INVESTMENT POLICY AND
DELEGATION OF AUTHORITY TO COMPLETE INVESTMENT TRANSACTIONS
WHEREAS, on August 21, 2007, the City Council adopted Resolution No. 152-07 approving a City
Investment Policy (Policy); and
WHEREAS, Section XVIII of the Policy requires an annual review by the City Council no later than the
second meeting in September; and
WHEREAS, the last modification to the Policy was approved by the Council at the City Council
meeting of September 16, 2025; and
WHEREAS, the focus of the annual review is to allow for any adjustments as a result of changes in
state laws or other recommended modifications; and
WHEREAS, consistent with the provisions of Government Code Section 53607, the Policy provides
for the City Council to delegate for a one-year period the authority to invest City funds to the City Treasurer
and any duly appointed Deputy City Treasurer; and
WHEREAS, Staff recommends changes to the Policy to reflect changes to state law, to align the
Policy with current investment management best practices, and to recognize the role of the Finance and
Investment Committee in reviewing investment reports and the Policy prior to consideration by the City
Council.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin does hereby, in
accordance with California Government Code Section 53646(a)(2), complete the annual review of the
Statement of Investment Policy, as attached hereto as Exhibit A.
BE IT FURTHER RESOLVED that the City Council action explicitly renews the delegation of authority
to complete investment transactions by City staff (Finance Director designated as the City Treasurer and
the City Manager designated as the Deputy City Treasurer), as described in Section IV of the Policy.
{Signatures on the following page}
Reso. No. 84-26, Item 8.1, Adopted 09/15/2026 Page 1 of 2
Reso. No. 84-26, Item 8.1, Adopted 09/15/2026 Page 2 of 2
PASSED, APPROVED,AND ADOPTED BY the City Council of the City of Dublin, on this 15th day of
September, 2026 by the following vote:
AYES: Councilmembers Josey, McCorriston, Morada, Qaadri and Mayor Hu
NOES:
ABSENT:
______________________________
Mayor
ABSTAIN:
ATTEST:
_________________________________
City Clerk