HomeMy WebLinkAboutReso 67-2011 RESOLUTION NO. 67 -2011
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION CERTIFYING THE INVESTMENT POLICY
FOR FISCAL YEAR 2011 -2012
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, 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 2011-
2012 ( "Investment Policy ") on June 8, 2011; and
WHEREAS, annual certification 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 2011 -2012, 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 8 day of
June 2011 by the following vote:
AYES: Councilmembers Mark Addiego and Pedro Gonzalez,
Vice Mayor Richard A. Garbarino and Mayor Kevin Mullin
NOES: None
ABSTAIN: None
ABSENT: Councilmember Karyl Matsumoto
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City Clerk