11-240 RESOLUTION NO. 11-240
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MENIFEE, CALIFORNIA,
APPROVING THE FISCAL YEAR 2011-12 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 2011-12. '
PASSED, APPROVED AND ADOPTED this 6th day of December, 2011
Wallace W. Edgerton, Mayor
Attest:
Kathy Bennett, City Clerk
Approve
Joseph Vkher, City o
GTy
L
MENIFEe [
Wallace W Edgerton STATE OF CALIFORNIA )
Mayor COUNTY OF RIVERSIDE ) ss
CITY OF MENIFEE )
John V.Denver i
Mayor Pro Tem R
I, Kathy Bennett, City Clerk of the City of Menifee, do hereby certify that the
Darcy Kuenzi foregoing Resolution No. 11-240 was duly adopted by the City Council of the City
Councilmemberf of Menifee at a meeting thereof held on the 6th day of December, 2011 by the
Thomas Fuhrman
following vote:
Councilmember t Ayes: Denver, Edgerton, Fuhrman, Kristjansson, Kuenzi
Sue Kristiansson Noes: None
Councilmember Absent: None
Abstain: None
Kathy Bennett, City Clerk
r,
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I
29714 Haun Road
Menifee,CA 92586
Phone 951.672.6777
Fax 951.679.3843
ww.cityofinenifee.us