HomeMy Public PortalAbout19 Town Investment Policy TOWN OF TRUCKEE
California
RESOLUTION NO. 2006-19
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 2005/2006 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 4th day of May, 2006, by Councilmember Green, who moved
its adoption, and which motion was duly seconded by Councilmember Susman, was
upon roll call carried and the Resolution adopted by the following vote:
AYES: Council Members; Green, Susman, Threshie, Vice Mayor
Anderson, and Mayor Ingalls.
NOES: None
ABSTAIN: None
Bbth- IngalTs,'M~y~r ~
Atte~t~ ~
Judy Pric(/, CMC(,~ow~ Clerk