Approve updated city investment policy for managing public funds
Resolution 68-16
In Plain English
The city invests taxpayer money in various accounts while waiting to spend it on operations and projects. The current investment rules need updating to reflect new state laws and market conditions. If approved, the policy guides how staff invests millions in city funds to earn returns while keeping money safe.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
7 to 0
Similar Discussions
5 related items found by meaning
Adopt investment policy governing how the city manages its cash reserves
Adopt formal policy governing how the city invests public money
Approve investment policy for managing city funds
Confirm city investment policy as recommended by auditors
Update investment policy with California Municipal Treasurers Association recommendations
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