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The Finance Commission recommended City Council approval of updated investment rules and a new policy for temporary loans between city funds, and it reviewed Measure LV finances and forecasts.
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The commission backed changes to the city’s investment policy and a new rule for short-term loans between city funds, both of which now go to the City Council for consideration. It also reviewed Measure LV revenue, spending, fund balances, and a 10-year forecast, but took no separate action beyond receiving the report. The meeting included an informational presentation on the city’s pooled cash investments and related advisory services.
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