Adopt investment policy governing how the city manages its cash reserves
Resolution 119-20
In Plain English
The city holds millions in cash reserves from taxes, fees, and bonds that must be invested safely until needed. State law requires cities to update their investment policies annually. The policy sets rules for which banks and securities the city can use to earn interest while protecting taxpayer money.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
6 to 0
Community Discussion
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Similar Discussions
5 related items found by meaning
Approve updated city investment policy for managing public funds
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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