This statement is intended to establish the policies for prudent investment of the City's funds, and to provide guidelines for suitable investments. The ultimate goal is to enhance the economic status of the City while protecting its funds.
The investment policies and practices of the City of Torrance are based upon Federal, State and local law and prudent money management.
The primary goals of these policies are:
- To assure compliance with all Federal, State and local laws governing the investment of monies under the control of the City Treasurer.
- To maintain the principal value of assets entrusted to this office and provide adequate liquidity to meet operating expenditures.
- Within constraints of safety and liquidity, generate a market rate of return within the parameters of this Statement of Investment Policy and the guidelines for suitable investments.
Click here to view the 2014 Statement of Investment Policy (PDF).