HomeMy WebLinkAbout2020-040 - Approving the City's Statement of Investment PolicyLS 5.19.20
RESOLUTION NO. 2020-040
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA ANA APPROVING THE CITY'S STATEMENT OF
INVESTMENT POLICY
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS
FOLLOWS:
Section 1. The City Council of Santa Ana hereby finds, determines and
declares as follows:
A. California Government Code §53646, provides that each city may have a
written statement of investment policy to govern investment of the City's
monies.
B. Pursuant to §53646, the City Treasurer shall annually submit a Statement of
Investment Policy for City Council consideration.
C. The City Treasurer has submitted the attached Statement of Investment Policy
to this Council at its regular meeting of May 19, 2020, for its consideration.
Section 2. The City Council of the City of Santa Ana has duly considered and
approves the City's Statement of Investment Policy submitted by the City Treasurer.
Section 3. The City Treasurer shall submit quarterly reports to the City Council
stating all investments made in the preceding quarter and that such investments have
been made in conformance with the City's investment policy.
Section 4. This Resolution shall take effect immediately upon its adoption by the
City Council, and the Clerk of the Council shall attest to and certify the vote adopting this
Resolution.
ADOPTED this 19'h day of May. 2020.
iguel A. Pulido
Mayor
Resolution No. 2020-040
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APPROVED AS TO FORM:
Sonia Carvalho, City Attorney
By: _� L
Lisa Storck
Assistant City Attorney
AYES: Councilmembers
NOES: Councilmembers
ABSTAIN: Councilmembers
Bacerra Iglesias Penaloza, Pulido, Sarmiento,
Solorio Villegas (7)
None (0)
None (0)
NOT PRESENT: Councilmembers None (0)
CERTIFICATION OF ATTESTATION AND ORIGINALITY
I, DAISY GOMEZ, Clerk of the Council, do hereby attest to and certify the attached
Resolution No. 2020-040 to be the original resolution adopted by the City Council of the
City of Santa Ana on May 19, 2020.
Date:
5-2z-2oZ0
Daisy Gomez,
Clerk of the Council
City of Santa Ana
Resolution No. 2020-040
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