HomeMy WebLinkAbout2016-050 - City's Statement of Investment PolicyLS 6.7.16
RESOLUTION NO. 2016-050
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 June 21, 2016, 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 21" day of June, 2016.
Resolution No. 2016-050
Page 1 of 2
APPROVED AS TO FORM:
Sonia Carvalho, City Attorney
By: ✓[X i
Lisa Storck
Assistant City Attorney
AYES
NOES:
ABSTAIN:
Councilmembers: Amezcua, Benavides, Martinez, Pulido, Reyna,
Sarmiento, Tinaiero (7)
Councilmembers
Councilmembers:
NOT PRESENT: Councilmembers
None (0)
None (0)
CERTIFICATION OF ATTESTATION AND ORIGINALITY
I, MARIA D. HUIZAR, Clerk of Council, do hereby attest to and certify the attached
Resolution No. 2016-050 to be the original resolution adopted by the City Council of the
City of Santa Ana on June 21, 2016.
Date: 4101/--) 3,6o/f®
Resolution No. 2016-050
Page 2 of 2
J2Jri,�Q,
Clerk of Council
City of Santa Ana