A. Deposits and Investments (Continued)

City Council · 2026-04-21 · agenda_item

This public notice concerns a review of the City of West Melbourne's investment policies, specifically focusing on concentration risk. The review is planned and currently under consideration by the City Council. The agenda item discusses disclosures required by GASB Codification regarding investments in any single issuer that exceeds five percent of total investments. The City's current investment policy does not address this concentration risk, although the Police Officers' Pension Plan has its own restrictions. This review is an early stage in the public process. The work involved is administrative and analytical, focusing on policy review and potential updates. No construction or direct service work is indicated at this time. Local businesses in financial consulting, legal services, and accounting may find opportunities to engage with the city as this policy review progresses.