HomeMy WebLinkAboutRES 2011-24A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DIAMOND
BAR, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA,
ADOPTING THE STATEMENT OF INVESTMENT
WHEREAS, it is the City's policy to annually adopt the City Investment Policy; and
WHEREAS, the Investment Policy is intended to provide guidelines for the
prudent investment of the City's temporarily idle cash and to outline the policies for
maximizing the efficiency of the City's cash management system.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Diamond
Bar that the attached Statement of Investment Policy (Exhibit A) be adopted as
presented herein.
PASSED, APPROVED, AND ADOPTED this 7th d y - f June, 2011.
teve Tye, ayor
I, Tommye A. Cribbins, City Clerk of the City of Diamond Bar, California, do hereby
certify that the foregoing Resolution No. 2011 -XX was duly and regularly passed and
adopted by the City Council of the City of Diamond Bar, California, at its adjourned
regular meeting held on the 7th day of June, 2011, by the following vote, to wit.-
AYES:
it:
AYES: COUNCILMEMBERS: Everett, Herrera, Tanaka,
MPT/Chang, M/Tye
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: None
ABSTAIN: COUNCILMEMBERS: None
T mmye A�Cribhins, City Clerk
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