Confirm city investment policy as recommended by auditors

Investment PolicyBudget

In Plain English

The city's auditors reviewed how Richmond invests public money and recommended confirming the current policy. This policy guides where the city can put taxpayer funds when not immediately needed for operations. If approved, the city continues following the same investment rules it uses now.

Auto-generated summary. Source: official agenda documents.

Votes

Adopt Resolution No. 132-09 confirming the City of Richmond Investment Policy

Moved by: Councilmember ViramontesSeconded by: Councilmember Ritterman
Passed

6 to 0

McLaughlinAbsent
ButtAye
BatesAye
RogersAye
RittermanAye
LopezAye
ViramontesAye