22 Investment Policy
22 Investment Policy
1/4/2005 8:14:00 PM
10/1/2002 9:07:07 PM
City Clerk Records
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TOWN OF TRUCKEE <br /> California <br /> <br /> RESOLUTION NO. 2002-22 <br /> <br />A RESOLUTION OF THE TRUCKEE TOWN COUNCIL <br />ADOPTING TOWN INVESTMENT POLICY <br /> <br /> WHEREAS, the Town Council has the final authority to invest surplus <br />funds pursuant to Government Code Section 53601; and <br /> <br /> WHEREAS, the Town Council may delegate its investment authority to the <br />Town Treasurer and explicitly provide what investments the Town Treasurer is or <br />is not allowed to make in an annual investment policy; and <br /> <br /> WHEREAS, the Town Council desires to so delegate and adopt an <br />Investment Policy for the 2002/2003 fiscal year. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED BY THE TRUCKEE TOWN <br />COUNCIL as follows: <br /> <br />1. The Town Treasurer is hereby appointed to carry out the Investment <br /> Policy that is on file in the Town Clerk's Office. <br /> <br /> 2. The Town Treasurer shall submit a report to the Town Council of any <br /> and all investment transactions pursuant to Section 53607 of the <br /> Government Code. <br /> <br />The foregoing Resolution was introduced at a Regular Meeting of the Truckee <br />Town Council, held on the 6th day of June, 2002, by Councilmember <br />McCormack, who moved its adoption, and which motion was duly seconded by <br />Councilmember Schneider, was upon roll call carried and the Resolution adopted <br />by the following vote: <br /> <br />AYES: Councilmembers McCormack, <br /> Mayor Owens and Mayor Florian. <br />NOES: None <br />ABSTAIN: None <br /> <br />Attest: <br /> <br />Paff/Osborn~ Town Clerk <br /> <br />Schneider, Susman, Vice <br /> <br />Ronald J. Florian, Mayor <br /> <br /> <br />
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