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MONTCLAIR CITY HALL - TEMPORARILY CLOSED TO VISITORS

Attention Montclair Community

Effective immediately, and until rescinded, dine–in restaurants within the City of Montclair will be allowed to temporarily create or expand al fresco (outdoor) dining areas notwithstanding any preexisting limitations imposed under the Montclair Municipal Code. This City of Montclair Community Guidance is based on provisions of Dine–In Restaurants Guidance issued by the California Department of Public Health updated on Thursday, July 2, 2020 and Guidance on Closures of Sectors in Response to Covid–19 by Governor Newsom and the California Department of Public Health published on July 1, 2020.

COMMUNITY TESTING EVENTS

In efforts to provide more testing opportunities for San Bernardino County residents, community testing events are being held throughout the county. At these testing events, samples are collected by inserting a swab up the nostril or into the mouth to the throat. These samples are then sent to a laboratory for COVID-19 testing. Events are free of charge and do not require health insurance.

ATTENTION MONTCLAIR BUSINESSES

On May 14, 2020, the County of San Bernardino launched the COVID-Compliant Business Partnership Program to support local small businesses and help ensure ongoing compliance with State and County health orders and direction.

For more information, visit: 
http://sbcovid19.com/covid-compliant-business-partnership-program

 

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Investment Policies

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PURPOSE 

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The purpose of this investment policy is (1) to fix the responsibility for investing surplus moneys with the City Treasurer and their designee; (2) to establish criteria for selecting investments; (3) to outline investment media in which a local agency may invest its surplus money; (4) to establish internal control procedures to assure the investment program is operated in a safe and prudent manner; and (5) to set forth the investment strategy. This policy shall continue until such time as it is revised or superseded by a subsequent investment policy.

 

TREASURER'S AUTHORITY TO INVEST SURPLUS MONEYS

It is the responsibility of the City Treasurer and their designee, the Finance Director, to invest the City's surplus moneys.  Government Code Section 53607 enables a city council to delegate its responsibility to invest surplus moneys to the treasurer, provided he submits to the council a monthly report of investment transactions (Treasurer's Report).

CRITERIA FOR INVESTMENT SELECTION

In accordance with Government Code Section 53600.5, the primary criteria, in priority of order, which investment decisions shall be based upon are as follows:

  1. SAFETY - Safety of principal is the most important criteria of investment.  Attention must be given to the continued solvency of financial institutions in which the City invests money.  Also, investments in long-term securities must be considered from the standpoint of potential losses incurred upon sale of securities to meet operating needs.
  2. LIQUIDITY - The City's investment portfolio will remain sufficiently liquid to meet all operating requirements that might be reasonably anticipated.
  3. YIELD (RETURN ON INVESTMENT) - Investments should be made with the objective of maximizing the rate of return consistent with safety and liquidity requirements.