HomeMy WebLinkAboutReso 46-2012 RESOLUTION NO. 46-2012
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION APPROVING THE INVESTMENT POLICY FOR
FISCAL YEAR 2012 -13
WHEREAS, the City of South San Francisco ( "City ") has an elected City Treasurer
( "Treasurer ") whose election has been certified by the City Clerk; and
WHEREAS, the City Treasurer has appointed Deputy Treasurers, and those appointments
were confirmed by Resolution of the City Council on June 8, 2011; and
WHEREAS, California Government Code Section 53646 provides that the Treasurer of a
city may annually render to the legislative body of that local agency a statement of investment policy,
which the legislative body of the local agency shall consider at a public meeting; and
WHEREAS, the City Council reviewed a draft Investment Policy for Fiscal Year 2012 -13
( "Investment Policy ") provided by a duly authorized Deputy City Treasurer on June 27, 2012; and
WHEREAS, annual review of the Investment Policy provides prudent financial oversight.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of South San
Francisco, at a duly noticed public meeting has received, reviewed and adopts the Investment Policy
for Fiscal Year 2012 -13, set forth in Exhibit A, attached hereto and incorporated herein by this
reference.
* * * * *
I hereby certify that the foregoing Resolution was regularly introduced and adopted by the
City Council of the City of South San Francisco at a regular meeting held on the 27 day of June,
2012 by the following vote:
AYES: Councilmembers Mark Addiego, Karyl Matsumoto, and Kevin Mullin,
Vice Mayor Pedro Gonzalez and Mayor Richard A. Garbarino
NOES: None
ABSTAIN: None
ABSENT: None
Ai'TEST: ,