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San Jose Civic Gallery City Hall agenda intelligence

Matter CC 26-029

City of San José Investment Policy Annual Review.

Budget & Finance Public Safety, Finance and Strategic Support Committee (PSFSS) Agenda Ready Introduced 12 Feb 2026
1 Document on file 901 KB · 1 extracted · 1 AI summary
File
CC 26-029
Type
Reports to Committee
Status
Agenda Ready
Requester
Unknown
Introduced
12 Feb 2026
Last synced
12 Jun 2026 · 20:20

The papers

1 document · 901 KB
01 901 KB

Memorandum

901 KB Extracted AI Summary
file f5594dd7-2146-4396-8491-406a806b6c74.pdf sha a32ec4490bc6 source unavailable

Official source link unavailable. The file was imported, but the current source metadata does not include a public document URL.

Generated summary AI-assisted

The memorandum discusses the annual review of the City of San José Investment Policy, recommending updates to the policy and a review of the city's investment holdings related to U.S. Immigration and Customs Enforcement. It outlines the necessity of the review, the current holdings, and the implications of potential divestment. The memorandum is set for consideration at the City Council meeting on March 10, 2026.

Key points
  • The memorandum is addressed to the Public Safety, Finance, and Strategic Support Committee.
  • It recommends approving updates to the City of San José Investment Policy 1-12.
  • The review includes an analysis of investment holdings related to U.S. Immigration and Customs Enforcement.
  • The Finance Department completed its annual review and recommends updates to the primary dealers list.
  • Current holdings include an investment in Microsoft, which has ties to U.S. Immigration and Customs Enforcement.
  • The memorandum will be posted on the City’s Council Agenda website for the March 10, 2026 meeting.
Limitations
  • The document includes unresolved placeholders and incomplete sections.
  • Specific dates and details regarding the council's previous discussions are mentioned but not fully detailed.
  • The attachment section is truncated, leading to missing information about the Investment Policy.

Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.

Extracted text preview · 103,125 chars
PSFSS COMMITTEE AGENDA: 02/19/2026 ITEM: (d)5 TO: PUBLIC SAFETY, FINANCE AND STRATEGIC SUPPORT COMMITTEE SUBJECT: City of San José Investment Policy Annual Review Approved FROM: Maria Öberg DATE: February 4, 2026 Date: 2/11/2026 COUNCIL DISTRICT: Citywide RECOMMENDATION (a) Approve the updated City of San José Investment Policy 1-12. (b) Review the City’s investment holdings in certain corporate notes and investment holdings with ties to U.S. Immigration and Customs Enforcement, and provide policy guidance to the Administration. (c) Refer the City of San José Investment Policy as well as the appropriate resolution to the full City Council for consideration and adoption at the March 10, 2026 City Council Meeting. SUMMARY AND OUTCOME Acceptance of this recommendation will make necessary updates to the City of San José Investment Policy (Policy) and complies with the Policy’s annual review requirement. In March and August 2025, City Council received questions about the City’s investment holdings in certain corporate notes as well as any investment holdings with ties to U.S. Immigration and Customs Enforcement. This analysis provides further information regarding this area of...