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• <br /> -ARZEN <br /> MEMORANDUM <br /> HILLS <br /> MEMORANDUM <br /> DATE: July 6, 2007 <br /> TO: Financial Planning and Analysis Committee <br /> FROM: Sue Iverson, Finance Director <br /> SUBJECT: Investment Policy Discussions <br /> BACKGROUND: <br /> At our last meeting, we worked out a draft investment policy to be presented to the City <br /> Council for approval. I had not forwarded it back to all of you, as the city Attorney was <br /> reviewing it. <br /> DISCUSSION: <br /> I have received input from the City Attorney and he has recommended some changes to the draft <br /> policy. I have included the policy as we have drafted it and will bring the City Attorney's <br /> changes with to the meeting as I have not received them in writing yet. I will email them to you <br /> as soon as I received them. <br /> RECOMMENDED ACTION: <br /> Adoption of an investment policy for recommendation to the City Council. <br /> • <br />