Title:
Title
February 2021 Monthly Investment Transactions Report (Continued from 04/06/2021)
End
FileID
File ID: 2021-00289
Location
Location: Citywide
End
Recommendation:
Recommendation
1) Receive and file the February 2021 Monthly Investment Transactions Report (continued from 04/06/2021); and 2) provide direction to the City Treasurer regarding the restriction of investment in individual fossil fuel companies.
FileName
Contact: Stacy Hussey, Chief Investment Officer, (916) 808-7746, Office of the City Treasurer
Body
Presenter: None
Attachments:
1-Description/Analysis
2-Attachments A to F
Description/Analysis
Issue Detail: The City Treasurer provides monthly reports to the City Council on current investment activity.
Policy Considerations: The City Treasurer routinely reports on monthly investment transactions to keep the City Council advised of current investment activity.
Economic Impacts: None.
Environmental Considerations: This action is not a project that is subject to CEQA because it is an administrative activity that will not result in direct or indirect physical changes in the environment and because it relates to government fiscal activities that do not involve any commitment to any specific project that may result in a potentially significant physical impact on the environment. (CEQA Guidelines ? 15378 (a), (b)(2), and (b)(5)).
Sustainability: None.
Commission/Committee Action: None.
Rationale for Recommendation: The City Treasurer is responsible for depositing and investing funds in the City treasury and for reporting on investment activity in accordance with the authority granted by City Charter Section 73, City Council ordinances and resolutions, and applicable state law. Consistent with the City of Sacramento Investment Policy which is updated annually by City Treasurer's Office staff and was most recently adopted by City Council on July 28, 2020, the monthly report herein lists the transactions as required by Cal...
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