(a) The treasurer shall conduct a review on a monthly basis of the current total holdings across all funds, including cash positions; portfolios, mark to market valuations; credit quality for each security; and additional compliance issues.
(b) The treasurer shall, on or before the first day of February of each year, submit a report to the city council that details the performance of the total holdings across all funds held by the treasurer's office, including asset allocation, cash position and overall credit quality as of December 31 of the preceding year.
(c) The treasurer shall, on or before the first day of February of each year, submit a report to the city council on the written investment policy for compliance as of December 31 of the preceding year, and present any recommendations for changes.
(Added Coun. J. 9-24-15, p. 4761, § 1)
Editor's note – Coun. J. 11-5-03, p. 9539, § 1, repealed former § 2-32-610, which pertained to repurchased bonds – custody and disposition.