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
Community Discussion
This discussion was submitted to the City Clerk as part of the public record.
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Similar Discussions
5 related items found by meaning
Approve investment policy for city funds
Approve city investment and debt policies for fiscal year 2005-2006
Confirm city investment policy for managing public funds
Update city investment policy governing how public funds are invested
Approve investment and debt policies for fiscal year 2005-2006
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