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Description
San Bruno City Council Meeting July 13, 2010 10b. Quarterly Investment Report
B
Mr.
mayor
I
apologize
for
not
mentioning
earlier,
unfortunately,
the
city
treasurer,
who
has
provided
a
written
report
which
is
in
your
packet
and
available
to
the
public
ordinarily,
would
be
here,
but
he
is
unable
to
be
due
to
a
family
emergency.
There
is
no
striking
new
information
presented
in
his
report.
He
identifies
a
continuing
practice,
as
he
has
previously
discussed
with
the
City
Council
of
diversifying
the
city's
approximate
225
million
dollar
investment
portfolio.
B
Unfortunately,
as
he
indicates
in
his
written
report
to
you
that
effort,
although
pursued
vigorously
over
the
past
approximate
two
years,
appears
now
to
be
unlikely
to
result
in
tangible
recovery
of
assets
lost
both
by
the
city
as
well
as
I
indicated.
Other
public
agencies
I'm
sure
that
he
will
be
with
us
at
the
next
quarterly
report
time
period
and
would
certainly
transmit
any
questions
or
additional
comments.
That
the
council
may
have
tonight
all.