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2025-26 Annual Statement of Investment Policy

Council File 26-1266

Under review — the Budget and Finance Committee unanimously approved forwarding the city's annual investment policy to the full Council, which now needs to formally adopt it to keep the Treasurer's cash-management framework in effect.

Introduced
2026-09-03
Last changed
2026-09-15
CFMS file status
File open See note on file status
Expires
2028-09-11
Committee
Budget and Finance Committee
Initiated by
Office of Finance

This is the City Clerk's status for the council file itself, not the outcome of the measure. A file often stays open after the Council has already adopted an item. The summary above reflects the latest recorded action.

Brief

The Office of Finance has submitted the 2025-26 Annual Statement of Investment Policy, which sets the framework for how Los Angeles invests municipal funds and manages treasury operations. The document was referred to the Budget and Finance Committee on September 4 and was noted and filed following committee review on September 15, 2026. This routine annual submission establishes investment objectives, permitted instruments, and risk parameters for the coming fiscal year.

Full summary

The Office of Finance submitted the 2025-26 Annual Statement of Investment Policy on September 3, 2026. The policy's core purpose is to establish cash management and investment guidelines for the City Treasurer's stewardship of the city's Investment Program — governing how the city manages surplus funds, maintains liquidity, and invests public money. Crucially, the policy remains in effect on a rolling basis: it does not expire at the end of the fiscal year but continues until the City Council and Mayor formally approve a subsequent revision, making it the operative framework for the Treasurer until a new version is adopted. The document was referred to the Budget and Finance Committee on September 4, 2026. The committee scheduled it for its September 15 meeting, where it was taken up after an opportunity for public comment. The committee voted unanimously 5-0 — with Yaroslavsky, Blumenfield, Hutt, McOsker, and Hernandez all in favor — to note and file the Office of Finance report. That action forwards the matter to the full Council for its consideration, though no Council vote has yet been recorded. The committee found no fiscal impact associated with the policy submission and no community impact statements were submitted. This is a routine annual item; the source documents reflect no controversy, proposed amendments, or dissent. The file remains open, with a procedural expiration date of September 11, 2028, and awaits final action by the full City Council.

Activity (4)

  • 2026-09-15 Budget and Finance Committee noted and filed item(s).
  • 2026-09-11 Budget and Finance Committee scheduled item for committee meeting on September 15, 2026.
  • 2026-09-04 Office of Finance document(s) referred to Budget and Finance Committee.
  • 2026-09-03 Document submitted by Office of Finance, dated September 3, 2026.

Documents (3)

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