12-299 RESOLUTION NO. 12- 299
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MENIFEE, CALIFORNIA,
APPROVING THE FISCAL YEAR 2012-13 INVESTMENT POLICY AND APPROVING
DELEGATION TO THE CITY TREASURER TO CARRY OUT SUCH POLICY
Whereas, Government Code Section 53607 permits the City Council to delegate its
investment authority to the City Treasurer by resolution each fiscal year; and
Whereas,the City Council desires to make such delegation in conjunction with the approval
of an investment policy;
NOW, THEREFORE, the City Council of the City of Menifee, California, does hereby
RESOLVE, DETERMINE and ORDER as follows:
SECTION 1: The City Council hereby adopts the Statement of Investment Policy,attached
and incorporated here as Exhibit "A".
SECTION 2: The City Council hereby delegates to the City Treasurer the City Council's
investment authority and authorizes the City Treasurer to appoint deputies to assist in carrying out
this function for fiscal year 2012-13.
PASSED, APPROVED AND ADOPTED this 4'h d o ember, 2012
Scott A. Ma ,vMaVP�
Attek..
Kathyhy Bennett,
Clerk
Appr ed as m:
Jos letcher, ey
r
Scott A.Mann
Mayor STATE OF CALIFORNIA
Wallace W.Edgerton COUNTY OF RIVERSIDE ) ss
Deputy Mayor CITY OF MENIFEE )
John V.Denver
Councilmember I, Kathy Bennett, City Clerk of the City of Menifee, do hereby certify that the
foregoing Resolution No. 12-299 was duly adopted by the City Council of the City
Thomas Fuhrman of Menifee at a meeting thereof held on the 4i" day of December, 2012 by the
Councilmember following vote:
Greg August
Councilmember Ayes: August, Denver, Edgerton, Fuhrman, Mann
Noes: None
Absent: None
Abstain: None
Kathy Bennett, City Clerk
29714 Haun Road
Menifee,CA 92586
Phone 951.672.6777
Fax 951.6793843
www.dtyofinenifee.us