HomeMy Public PortalAbout2004-013 (02-03-04)RESOLUTION NO. ~n~~.0~.3
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD
APPROVING THE TREASURER'S STATEMENT OF INVESTMENT POLICY
;~~,.~ WHEREAS, the Treasurer is responsible for the City of Lynwood's cash
i~~, ~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
WHEI2EAS, the policy contains certain investment criteria; and
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VUHEREAS, the basic premise of the policy is to ensure the safety of
funds and assure that the Lynwood City Council's cash needs are met.
NOV1f, THEREFORE, the Lynwood City Council does hereby find,
proclaim, order and resolve as follows:
Section 1. That the Treasurer's Statement of Investment Policy is hereby
approved.
Sectfon 2. This resolution shall go into effect immediately upon its
adoption
PASSED, APPROVED and ADOPTED this 3rd day of February.
(~~2iL~O
L UIS BYRD, MAYO
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ATTEST:
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Andrea Hooper, City Clerk
APPROVED AS TO FORM:
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rnoldo Beltran, City Attorney -
AP' ROVED AS TO CONTENT:
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rry He , City Manager
STATE OF CALIFORNIA }
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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 Cifiy Council of the City
of Lynwood at a regular meeting held on the
3rd
day of
February 2004.
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AYES: COUNCILMEN PEDRQZA, RODRIGUEZ, SANTILLA~f, UASQUEZ``'AND BYRD
NOES: NONE
ABSENT: ~0~lE
ABSTAIN: ~O~E
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Andrea L. Hooper, City lerk '
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. 2004.013 on file in my office and that
said Resolution was adopted on the date and by the vote therein stated.
Dated this 3rd day of February , 2004.
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Andrea L. Hooper, City Clerk
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