HomeMy Public PortalAbout2019.006 (02-05-19) RESOLUTION NO. 2019.006
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING THE
TREASURER'S STATEMENT OF INVESTMENT POLICY
WHEREAS, the Treasurer is responsible for the City of Lynwood's cash flow whereby
funds are transferred from various accounts to meet operating obligations; and
WHEREAS, the Treasurer is also responsible for the investment of idle cash; and
WHEREAS, the Treasurer has prepared guidelines for a prudent investment policy; and
WHEREAS, the policy contains certain investment criteria; and
WHEREAS, the basic premise of the policy is to ensure the safety of funds and assure
that the Lynwood City Council's cash needs are met.
NOW, THEREFORE, the Lynwood City Council does hereby find, proclaim, order and
resolve as follows:
Section 1. That the Treasurer's Statement of Investment Policy attached hereto as
Exhibit "A" is hereby approved.
Section 2. This resolution shall go into effect immediately upon its adoption
PASSED, APPROVED AND ADOPTED this 5th day of February 2019.
l
Jos: Solache, Mayor
ATTEST: AP •ROVED AS TO CONTENT:
Maria Quinonez, City Clerk Jose 0 eteotl, City Manager
APPROVED AS TO FORM:
Noel Tapia, City Attorne
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
I, Maria Quinonez, the undersigned, City Clerk of the City of Lynwood, do hereby certify
that the foregoing Resolution was passed and adopted by the City Council of the City of
Lynwood at a regular meeting held on the 5th day of February, 2019.
AYES: MAYOR PRO TEM CASTRO, MAYOR SOLACHE, COUNCIL MEMBERS
ALATORRE, CASANOVA, AND SANTANA
NOES: NONE
ABSENT: NONE
RECUSE:
1 _s 4.I
Maria Quinonez, City Clerk
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
I, Maria Quinonez, the undersigned, City Clerk of the City of Lynwood, and the Clerk of
the City Council of said City, do hereby certify that the above foregoing is a full, true and
correct copy of Resolution No. 2019.006 on file in my office and that said Resolution was
adopted on the date and by the vote therein stated.
Dated this 5th day of February, 2019.
,1A401
Ma is Quinonez, City Clerk