HomeMy Public PortalAbout99.3 LPFARESOLUTION NO. 99.3
A RESOLUTION OF THE LYNWOOD PUBLIC FINANCE AUTHORFCY OF THE CITY OF
LYNWOOD APPROVING THE TREASURER'S STATEMENT OF INVESTMENT POLICY
WHEREAS, the City Treasurer is responsible for City's cash flow whereby funds are
transferred from various accounts to meet operating obligations; and
WHEREAS, the Treasurer is also responsible for 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 city's
cash needs are met.
NOW, THEREFORE, the Public Finance Authority hereby fined, proclaim, order and resolve
as follows:
SECTION I. 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 6th day of Aprt l , 1999.
RIC RD SANCHEZ
APPROVED AS TO FORM:
C ATTO ~Y
ATTEST:
ANDREA L. HOOPER
SECRETARY
A5 TO
IRIS
STATE OF CALIFORNIA )
ss.
COUNTY OF LOS ANGELES )
I, the undersigned, Secretary of the Lynwood Public
Financing Authority (LPFA), do hereby certify that the above and
foregoing resolution was duly adopted by the said Agency at a
regular meeting thereof held in the City Hall of the City of
Lynwood on the 6th day of April 1999 and
passed by the following vote:
AYES: MEMBERS BYRD, REA, RICHARDS, SANCHEZ
NOES: MEMBER REYES
ABSENT: NONE
Secretary
Public Financing Authority "'~
STATE OF CALIFORNIA )
ss.
COUNTY OF LOS ANGELES )
I, the undersigned, Secretary of the Lynwood Public
Financing Authority, do hereby certify that the above and
foregoing is a full, true and correct copy of Resolution No.
LFA 99.15 on file in my office and that said resolution was
adopted on the date and by the vote therein stated.
DATED this 6th day of April , 1999.
Secretary ~
Public Financing Authority