Adopt formal policy governing how the city invests public money
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Resolution Resolution No. 85-16
In Plain English
Richmond currently lacks a comprehensive written policy for investing taxpayer funds in banks, bonds, and other financial instruments. The new policy establishes safety requirements and return expectations for city investments. If approved, the policy guides how Richmond manages millions in public funds including reserves and operating cash.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
6 to 0
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