HomeMy Public PortalAbout2023.013 (02-21-2023)RESOLUTION NO. 2023.013
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 21st day of February 2023.
Oscar Flores, May r
ATTEST:
Maria Quinonez,
City Clerk
APPROVED AS TO CONTENT:
Ernie • erna dez,
City an-oer
1
APPROVED AS TO FORM:
Noel Tapia,
City Attorney
2
STATE OF CALIFORNIA
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 21St day of February 2023.
AYES: COUNCIL MEMBERS CAMACHO, MUNOZ-GUEVARA, SOLACHE,
MAYOR PRO TEM SOTO AND MAYOR FLORES
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
Maria Quinonez,
City Clerk
STATE OF CALIFORNIA
)§
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. 2023.013 on file in my office and that said
Resolution was adopted on the date and by the vote therein stated. Dated this 21St day
of February 2023.
/11(76/016,41/2(4
Maria Quinonez,
City Clerk
3