AGENDA TITLE:
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Accept the Quarterly Investment Report For the Last Three Quarters of Fiscal Year 2024-25 (IS-FIN)
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MEETING DATE:
December 17, 2025
PREPARED BY:
Chia Lor, Accounting Manager
recommendation
RECOMMENDED ACTION:
Accept the quarterly investment report.
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BACKGROUND INFORMATION:
Government Code Section 53646 prescribes suggested investment reporting requirements for California public agencies. The City Council adopted Investment Policy aligns with the requirements of Section 53646. Since the last acceptance of the Investment Report on November 20, 2024 for the quarter ended September 30, 2024 of FY 2025, no additional Investment Report has been presented to Council for FY 2025.
The investment report has been condensed into a new format that groups each investment instruments into categories, in accordance with the City's Investment Policy. This format is intended to provide a high-level overview. It was presented to the Finance Committee and formally approved at the November 19, 2025 committee meeting. To maintain transparency and detail, the Committee will continue to receive and review the full comprehensive version of the report.
The attached Investment Report includes the following quarters:
* Quarter ended December 31, 2024 (Q2 of FY 2025) - Attachment 1
* Quarter ended March 31, 2025 (Q3 of FY 2025) - Attachment 2
* Quarter ended June 30, 2025 (Q4 of FY 2025) - Attachment 3
These reports follow the State's recommended reporting requirement and comply with the City of Lodi's Investment Policy and Internal Control Guidelines.
The City's current investments meet the primary objectives outlined in the City of Lodi's Investment Policy as follows. In priority order, those objectives and brief analysis are:
1. Safety. As of June 30, 2025, 57.47% of the portfolio is invested in cash or cash equivalents, which carry minimal risk to principal. The remaining investments are purchased meeting minimum credit quality re...
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