SoCalGas® will be working on a natural gas pipelines in the following locations: Princeton St between Exeter Ave and Bel Air Ave and Exeter Ave between Princeton St and San Bernardino St. We would like to make you aware of the potential odor of natural gas in the area. For more information, please click here.

Investment Policies

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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 This policy shall continue until such time as it is revised or superseded by a subsequent investment policy.



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).


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.