RESOLUTION NO. 11563
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF ORANGE RESCINDING
RESOLUTION NO. 11469 AND APPROVING AND
ADOPTING A STATEMENT OF INVESTMENT
POLICY FOR FISCAL YEAR 2024-25
WHEREAS, California Government Code Sections 53600 et seq. set forth detailed provisions regarding permitted and prohibited investments by cities and accountability therefor; and
WHEREAS, the City Council adopted Resolution No. 11469 on June 27, 202 3, adopting the City’s Statement of Investment Policy for Fiscal Year 2023-24 (herein referred to as the “FY 2023-24 SIP”); and
WHEREAS, the FY 202 3-24 SIP requires that the City Council annually review its Statement of Investment Policy and adopt annually within 120 days following the end of each fiscal year by a resolution and vote of the City Council at a public meeting; and
WHEREAS, the Finance Director has reviewed the proposed Statement of Investment Policy for Fiscal Year 2024-25 (herein referred to as the “FY 2024-25 SIP”) in the form attached to this Resolution, and has recommended that the City Council adopt the FY 2024-25 SIP.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Orange as follows:
1. That Resolution No. 11469 is hereby rescinded.
2. That the FY 2024-25 SIP, in the form attached, is the City’s Statement of Investment Policy for Fiscal Year 202 4-25 and is duly adopted in accordance with State law and Chapter 2.49 of Title 2 of the Orange Municipal Code.
ADOPTED this ____ day of ____________________, 2024
Daniel R. Slater, Mayor, City of Orange
ATTEST:
Pamela Coleman, City Clerk, City of Orange
2 APPROVED AS TO FORM:
Mike Vigliotta, City Attorney
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF ORANGE )
I, PAMELA COLEMAN, City Clerk of the City of Orange, California, do hereby certify that the foregoing Resolution was duly and regularly adopted by the City Council of the City of Orange at a regular meeting thereof held on the day of , 2024 by the following vote:
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
ABSTAIN: COUNCILMEMBERS:
Pamela Coleman, City Clerk, City of Orange
Attachment: FY 2024-25 SIP