Update city investment policy governing how public funds are invested
In Plain English
The city invests taxpayer money in banks and securities to earn returns while keeping funds safe and accessible. The current policy prioritizes safety over profits and covers all city funds except pension accounts. The updated policy maintains these priorities but clarifies procedures for the Finance Director who manages these investments.
Auto-generated summary. Source: official agenda documents.
Votes
To adopt Resolution No. 145-24 approving the updated Investment Policy
6 to 0
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