HomeMy WebLinkAboutReso 65-2014RESOLUTION NO. 65 -2014
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION APPROVING THE INVESTMENT POLICY
FOR FISCAL YEAR 2014 -15
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 February 12, 2014; 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 proposed Investment Policy for Fiscal Year
2014 -15 ( "Investment Policy ") provided by the City Treasurer on June 11, 2014; 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 2014 -15, 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 11 day of
June, 2014 by the following vote:
AYES: Councilmembers Mark N Addiego Pradeep Gupta and Liza Normandy
Vice Mayor Richard A Garbarino and Mayor Karel Matsumoto
NOES: None
ABSTAIN: N
ABSENT:
ATTEST: QUA " -Ji
Anna Brown, Deputy City Clerk