HomeMy Public PortalAbout2006.005 - LPFARESOLUTION NO. 2006.005
A RESOLUTION OF THE LYNWOOD PUBLIC FINANCE AUTHORITY OF THE CITY
OF LYNWOOD APPROVING THE TREASURER'S STATEMENT OF INVESTMENT
POLICY
WHEREAS, the Treasurer is responsible for the Lynwood Public Finance
Authority's cash flow whereby funds are transferred from various accounts to meet
operating obligations; and
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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 Public Finance Authority's cash needs are met.
NOW, THEREFORE, the Lynwood Public Finance Authority 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
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PASSED, APPROVED and ADOPTED this 21st day of March 2006.
LETICIA VASOUEZ, PRESIDENT
ATTEST: APPROVED AS TO CONTENT:
Andrea Hoo er, Cit Clerk . Enri e artinez,
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Chief dministrative Officer
APPROVED AS TO FORM:
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A noido Beltran, Authority Counsel
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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. __2006.005 in my office and that said
Resolution was adopted on the date and by the vote therein stated.
Dated this 21st day of March , 2006.
Andrea L. Hooper, City Clerk
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