HomeMy Public PortalAbout2002.038 (03-19-02)J
t
RESOLUTION NO. 2002.038
{
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD
APPROVING THE CITY TREASURER'S STATEMENT OF INVESTMENT
POLICY FOR PRUDENT MONEY MANAGEMENT
r
WHEREAS, the Lynwood City Treasurer is responsible for the City's cash flow
whereby `funds are transferred from. various accounts to meet operating obligations; and
;-
s.,, WHEREAS, the Treasurer is also responsible for the investment of idle cash; and
WHEREAS, the City Treasurer has prepared guidelines for a prudent investment
policy; and
WHEREAS, the basic premise of the policy is to both ensure the safety of funds
and assure that cash is available to meet ongoing obligations; and
NOW, THEREFORE, the City Council do hereby find, proclaim,. order and
resolve as follows:
Section 1. That the City 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 19th day of March 2002.
~~ ~.
` ARTURO REY ~ ,MAYOR
4 i
4
ATTEST:
Andrea. L. Hooper "
City Clerk ~ ,.
APPROVED AS TO FORM:
t...J` Cityy Attorne~yy
MICHAEL MQNTGOMER
APPROVED AS TO CONTENT:
0
Fain 'n G ~ rizales; City a alter
,,,,
' Iris Pygatt,
STATE OF CALIFORNIA }
} SS
COUNTY OF LOS ANGELES }
I, 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 19t"day of March, .2002.
AYES: COUNCILMAN BYRD, RICHARDS, RODRIGUEZ, PEDROZA,
REYES
NOES. NONE
ABSENT: NONE
ABSTAIN NONE
~~
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 correction copy of Resolution No. 2002.038 on file in my office and that said
Resolution was adopted on the date and by the vote therein stated.
Dated this 19t" day of March, 2002
z-a~-~'~.G.~... ,,s i ,
ANDREA L. HOOPER, CITY CLERK
,~~
i
~--,
i
f
--,