HomeMy Public PortalAbout2002.001 LPFARESOLUTION NO. 2002.001
A RESOLUTION OF THE LYNWOOD PUBLIC FINANCE AUTHORITY OF
THE CITY OF LYNWOOD APPROVING THE TREASURER'S STATEMENT
OP INVESTMENT POLICY FOR PRUDENT MONEY MANAGEMENT.
WHEREAS, the Treasurer for the Lynwood Public Finance Authority is
responsible for the Authority'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 basic premise of the policy is to both ensure the safety and
liquidity of funds.
NOW, THEREFORE, the President and Board Members do hereby find,
proclaim, order and resolve as follows:
Section I. That the Treasurer's Statement of hrvestment Policy is hereby
approved.
Section 2. This resolution shall go into effect immediately upon its adoption
PASSED, APPROVED and ADOPTED this 19th da of
Y J~Iarrh 2002.
ATTEST:
Andrea L. Hooper
Secretary
APPROVED AS TO FORM:
6~ ~/lam
City Attorney
MICHAEL MONTGOMEf~Y
.~.L,~rl
ARTURO REYE ,PRESIDENT
APPROVED AS TO CON'fEN'f:
ChiefAdminisirative Officer
- /
~~
Iris Pygatt
Treasurer
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 19"' day of March, 2002, and passed by the
following vote:
AYES: MEMBERS BYRD, RICHARDS, RODRIGUEZ, PEDROZA,
REYES
NOES: NONE
ABSENT: NONE
Secretary
Public Finance 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. LPFA 2002.001 on file in my office and that said resolution was
adopted on the date and by the vote there in stated.
DATED this 19`" day of March, 2002.
Secretary
Public Finance Authority
ResoluUresobp/pg5