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
Similar Discussions
5 related items found by meaning
Approve updated city investment policy for managing public funds
Adopt investment policy governing how the city manages its cash reserves
Approve investment policy for managing city funds
Confirm city investment policy as recommended by auditors
Approve investment policy that excludes fossil fuel companies
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