HomeMy Public PortalAbout2002.007 - LII (03-19-02)RESOLUTION NO. LI I 2002.007
A RESOLUTION OF THE LYNWOOD INFORMATION, INC. OF THE CITY OF
LYNWOOD APPROVING THE TREASURER'S STATEMENT OF
INVESTMENT POLICY FOR PRUDENT MONEY MANAGEMENT
WHEREAS, the Treasurer for the Lynwood Information, Inc. is responsible for
the Agency's cash flow whereby funds are transferred from various accounts to meet
operating obligations; and
WHEREAS, the Treasurer is also respon "si61e for the investment of idle cash, and
WHEREAS, the Treasurer has prepared guidelines for a prudent investment
policy; and
WHEREAS, the basic premise of the policy is to both ensure the safety of funds
and assure that cash is available to meet ongoing obligations.
NOW, THEREFORE, the Chairman and Agency Board Members do hereby find,
proclaim, order and resolve as follows:
Section 1. That the Treasurer's Statement of Investment Policy is hereby
approved.
Section 2. This resolution shall go into effect immediately upon its adoption
PASSED, APPROVED and ADOPTED this 19th day of March 2002.
ARTURO REY , CHAIRMAN
ATTEST:
Andrea L. Hooper
City Clerk
APPROVED AS TO FORM:
City Attorney l
MICHAEL MONTGOMERY
APPROVED AS TO CONTENT:
< Fa tin Gon es �—
City Man ger
Iris Pygatt
Treasurer
I 4
STATE OF CALIFORNIA )
) ss.
COUNTY OF LOS ANGELES )
- I, -the- undersigned, City-Clerk-,-and Secretary of the - Lynwood - information, Inc.,
do hereby certify that the above and foregoing resolution was duly adopted at a
regular meeting thereof held in the City hall of the City of Lynwood on the 19`
day of March, 2002, and passed by the following vote:
AYES: DIRECTOR BYRD, RICHARDS, RODRIGUEZ, PEDROZA,
REYES
NOES NONE
ABSENT: NONE
ABSTAIN: NONE
Secretary
Lynwood Information, Inc.
STATE OF CALIFORNIA )
) ss.
COUNTY OF LOS ANGELES )
I, the undersigned, Secretary of the Lynwood Information, Inc., do hereby
certify that the above and foregoing is a full, true and correct copy of LII
Resolution No. 2002.007 on file in my office and that said resolution was
adopted on the date by the vote therein stated
DATED this 19 th day of March, 2002.
Secretary
Lynwood Information, Inc.
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