HomeMy Public PortalAbout22 Investment Policy TOWN OF TRUCKEE
California
RESOLUTION NO. 2002-22
A RESOLUTION OF THE TRUCKEE TOWN COUNCIL
ADOPTING TOWN INVESTMENT POLICY
WHEREAS, the Town Council has the final authority to invest surplus
funds pursuant to Government Code Section 53601; and
WHEREAS, the Town Council may delegate its investment authority to the
Town Treasurer and explicitly provide what investments the Town Treasurer is or
is not allowed to make in an annual investment policy; and
WHEREAS, the Town Council desires to so delegate and adopt an
Investment Policy for the 2002/2003 fiscal year.
NOW, THEREFORE, BE IT RESOLVED BY THE TRUCKEE TOWN
COUNCIL as follows:
1. The Town Treasurer is hereby appointed to carry out the Investment
Policy that is on file in the Town Clerk's Office.
2. The Town Treasurer shall submit a report to the Town Council of any
and all investment transactions pursuant to Section 53607 of the
Government Code.
The foregoing Resolution was introduced at a Regular Meeting of the Truckee
Town Council, held on the 6th day of June, 2002, by Councilmember
McCormack, who moved its adoption, and which motion was duly seconded by
Councilmember Schneider, was upon roll call carried and the Resolution adopted
by the following vote:
AYES: Councilmembers McCormack,
Mayor Owens and Mayor Florian.
NOES: None
ABSTAIN: None
Attest:
Paff/Osborn~ Town Clerk
Schneider, Susman, Vice
Ronald J. Florian, Mayor