HomeMy WebLinkAboutCC RESO 96-130RESOLUTION NO, 96-130
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF NATIONAL CITY
APPROVING THE CITY OF NATIONAL CITY
INVESTMENT POLICY
WHEREAS, Policy Number 203 of the City Council Policy
Manual provides that the City's investment policy shall be reviewed
annually to ensure its consistency with the overall objectives of
preservation of principal, liquidity, and return, and its relevance to current
law and financial and economic trends; and
WHEREAS, the City Treasurer and Director of Finance have
prepared for review and approval by the City Council amendments to
Policy Number 203 of the Policy Manual; and
WHEREAS, said Policy, as amended, is intended to provide
guidelines for the prudent investment of the City's temporary idle cash, to
outline the policies for maximizing the efficiency of the City's cash
management system, and to enhance the economic condition of the
City while insuring the safety of funds invested.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the
City of National City does hereby approve Policy Number 203 of the City
Council Policy Manual, as amended.
PASSED and ADOPTED this 6th day of August 1996.
AA, AL
George H. W ters, Mayor
Lori Anne Peoples, City Clerk
APPROVED AS TO FO .
ar4
George H. Eiser, Ill
City Attorney