That the City Council, Successor Agency to the Redevelopment Agency of the City of La Habra, La Habra Civic Improvement Authority, City of La Habra Housing Authority, and La Habra Utility Authority review and adopt the Annual Investment Policy for Calendar Year 2022.

The City Council is presented with the City's Investment Policy for review and adoption on an annual basis.  This review process is generally conducted in December and the approved policy is implemented effective January 1st of the upcoming year.

The proposed Investment Policy is consistent with the currently adopted Invested Policy and state law. After consulting with the City's external fund managers at Chandler Asset Management, staff agrees that the City's current investment policy is effective and allows for a conservative investment methodology that is compliant with California Government Code, Section 53600, et seq., governing public investments.  As such, no changes are proposed for the City's Investment Policy for Calendar Year 2022.