Interfund Loan Survey - December 2006
City Investment Investment Comments
Agoura Hills No No Contract city-do not have enterprise funds
Alameda No No Each interfund loan is approved by city council based on a report with detailed info which
then becomes the loan agreement document.
Alhambra No No None
Elk Grove No No None
La Quinta No No Loans are generally not considered investments and are included with 53601 of Gov code.
Lake Forest No No City's investment policy doesn't include a provision for interfund loans.
Marina Coast Yes No Interfund loans are included on quarterly financial report. No set policy.
Morro Bay No No None
Mountainview No No None
Palo Alto No No Most city funds are pooled together for investment purpose and reported as such in quarterly
Redlands No No Probably wouldn't qualify under Gov code 53601
Rockville, MD No No None
San Luis Obispo No No If we purchased bonds, we wouldn't report it as an interfund loan it would be
part of our portfolio.
Tustin No No We don't have a written policy but we do take formal "loan" agreements for the RDA or
Water Enterprise to Council for approval.
Ukiah No No Any interfund loan is handled on a case by case basis via an ASR for council approval.