09-110 RESOLUTION NO. 09-110
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MENIFEE, CALIFORNIA, APPROVING THE FISCAL YEAR
2009/2010 CITY 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:
1. The City Council hereby adopts the Statement of Investment Policy, attached and
incorporated here as Exhibit "A".
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 2009-2010.
PASSED, APPROVED AND ADOPTED this 4th day of August 2009.
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AYES: 40")k)
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NOES: U
ABSENT:7'1&yIlL
ABSTAIN:
Wallace W. Edgerton, Mayor
ATTEST:
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Kathy Bennett, City Clerk