HomeMy WebLinkAbout18448 - RESOLUTIONS - 8/3/1994 RESOLUTION NO. 18448
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS,
CALIFORNIA, ADOPTING AN INVESTMENT POLICY AND STRATEGY
FOR USE IN INVESTING CITY FUNDS.
WHEREAS the City's Finance Committee and the City's Treasurer have jointly
developed an investment policy, and strategy which represents desired investment
goals; and
WHEREAS the basic format being recommended by the Finance Committee and City
Treasurer is also recommended by the California Municipal Treasurers Association,
California Society of Municipal Finance Officers and the California County
Treasurers Association.
NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Palm Springs
that the investment policy and strategy recommended is hereby adopted.
ADOPTED this 3rd day of August , 1994
AYES: Members Hodges, Kleindienst, Lyons, Reller-Spurgin and Mayor Maryanov
NOES: None
ABSENT: None
ATTEST: C TY O PALM SPRI S CA IFORNIA
-- C'ty Clerk Cify er
REVIEWED & APPROVED V