HomeMy Public PortalAbout2003.173 (09-02-03)RESOLUTION NO. z003.173
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD
APPROVING THE T'REASURER'S STATEMENT OF INVESTMENT POLICY
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WHEREAS, the Lynwood City Treasurer is responsible for the City's cash
--. flow whereby funds are transferred from various accounts to meet operating
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~-- WHEREAS, the Treasurer is also responsible for the investment of idle
cash; and
WHEREAS, the City Treasurer fias 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.
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NOW, THEREFORE, the City Council do hereby find, proclaim, order and
resolve as follows: ,
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Section 1. That the City Treasurer's Statement of Investment Policy is
hereby approved. ' ~
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Section 2. This resolution shall go into effect immediately upon its
adoption ~ '
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~ PASSED, APPROVED and ADOPTED this 2nd day of Sept.
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ernando Pedroz~, Mayor
APPROVED AS TO FORM:
CITY ATTORNEY
ATTESTe
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L ~ i~~~~~Cr- ~~ ~'-;~~-~L`/`~~'4_.%~
CITY CLERK
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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 foregoing Resolution was passed and adopted by the City Council of the City
of Lynwood at a regular meeting held on the
2nd
day of
S~ptertber , 2003.
AYES: COUldCILMEN BYRD, REYES, RICHAltDS, ROQRIGUEZ, PEDROZA
NOES: ~~~E
ABSENT: ~0'~~
ABSTAIN: ~101~E
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Andrea L. Hooper, City Clerk
STATE OF CALIFORNIA }
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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. ~nn~ _~ ~~ on file in my office and that.
said Resolution was adopted on the date and by the vote therein stated.
Dated this 2nd day of Septer~ber , 2003.
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Andrea L. Hooper, City Clerk