Moorpark committee reviews $131 million investment strategy, proposes liquidity for library construction

The Moorpark Administration, Finance and Public Safety Committee on July 1 began its annual review of the city’s investment policy for fiscal year 2026/27, including a proposal to maintain a 25% allocation to money market funds to ensure cash is available for the new library project. The total investment portfolio stands at $131,483,192.73.

Committee eyes liquidity for library project

The committee examined the city’s annual investment strategy and proposed updates to City Council policies. A key element is a proposal to keep the money market fund aggregate at 25% of the total portfolio. According to the agenda, this is intended to provide sufficient liquidity for the construction of the new library. The committee also discussed rescinding Resolution No. 2026-4379, though details of that resolution were not included in the published agenda.

No votes were taken during the meeting, as the committee’s role is to review and make recommendations to the full City Council. Minutes have not yet been published.

Upcoming meetings

Two committee meetings scheduled for the next two weeks have been cancelled. The Transportation and Public Works Committee was set to meet July 6 but the regular meeting has been cancelled. The next regular meeting is August 3. The Community and Economic Development Committee meeting scheduled for July 15 has also been cancelled. Both cancellations were procedural notices; no items will be discussed.

Generated from official meeting agendas and minutes — every underlying document is linked from the city page. Read the primary source before you rely on a detail.