Adopt investment policy for managing city funds
Resolution 105-19
In Plain English
The city needs formal rules for how it invests taxpayer money when not immediately needed for operations. The policy sets safety standards and return expectations for investments like bonds and treasury bills. If approved, the city follows these guidelines when investing surplus funds to earn interest while protecting principal.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
6 to 0
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