CC 05-16-2023 Item No. 4 Consider accepting the City's Investment Policy_Written CommunicationsCC 05-02-2023
Written Communications
Item #4
Consider accepting the
City's Investment Policy
From:Rhoda Fry
To:City Clerk; City Council
Subject:May 16 2023 Agenda Item #4 Investment Policy
Date:Saturday, May 13, 2023 9:18:56 PM
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Dear City Council,
I am confused about May 16 2023 Agenda Item #4 Investment Policy. Having attended the most
recent Audit Committee on 4/24/23, my recollection is that it had been stated that by the Chandler
manager the City had directed the Chandler account to reduce the length of maturity. My
understanding was toward a goal of greater liquidity. This is over and beyond how maturity dates are
measured. This new strategy does not appear to be mentioned in this agenda item. Can you please
explain further?
Thanks,
Rhoda Fry