HomeMy Public PortalAbout2006-044 (03-21-06)RESOLUTION NO. 2006.044
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 is hereby
approved.
Section 2. This resolution shall go into effect immediately upon its adoption
PASSED, APPROVED and ADOPTED this ~~ c~ day of March 2006.
LETICIA VASQUEZ, MAYOR
(~i
ATTEST:
APPROVED AS TO CONTENT:
~~ ~- ~~
Andrea Hooper, City Clerk N. nri a lartinez, City Manager
APPROVED AS TO FORM:
n,,.St~
Ar oldo Beltran, City Attorney
STATE.OF CALIFORNIA )
SS.
COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk of the City of Lynwood, do hereby certify
that the above and foregoing Resolution was duly adopted by the City Council of
the City of Lynwood at a regular meeting held in the City Hall of said City on the
21st day of March , 2006 and passed by
the following vote:
AYES: COUNCILMEN BYRD, JOHNSON, PEDROZA AND SANTILLAN
NOES: NONE
ABSTAIN: NONE
ABSENT: MAYOR VASQUEZ
~~ ~~~
Andrea L. Hooper, City Clerk
STATE OF CALIFORNIA )
SS.
COUNTY OF LOS ANGELES )
I, the undersigned City Clerk of the City of Lynwood, and Clerk of the City
Council of said City, do hereby certify that the above and foregoing is a full, true
and correct copy of Resolution No. 2006.044 in my office and that said
Resolution was adopted on the date and by the vote therein stated.
Dated this
day of March
2006.
~~ ~. ~~
Andrea L. Hooper, City Clerk