Update list of approved financial firms for city investments

City InvestmentsBudgetResolution

Resolution Resolution No. 13-16

In Plain English

The city maintains a list of approved financial firms that can offer investment options for city money. State law requires cities to only work with authorized broker-dealers when investing public funds. This revision updates the approved list to ensure the city can access legal investment instruments while protecting taxpayer money.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Passed

7 to 0

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Community Discussion

This discussion was submitted to the City Clerk as part of the public record.

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