RESOLUTION NO. R-2023-66
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF PLACENTIA, CALIFORNIA, ADOPTING THE
ANNUAL STATEMENT OF INVESTMENT POLICY FOR
THE FISCAL YEAR 2023-24
A. Recitals
(i) California Government Code §53646 provides that the Treasurer or Finance Director of the City of Placentia may annually provide a Statement of Investment Policy to the City Council and the Financial Audit Oversight Committee. (ii) The Finance Director and the City Treasurer of the City of Placentia have prepared for approval the attached Statement of Investment Policy for Fiscal Year 2023-24.
(iii) All legal prerequisites to the adoption of this Resolution have occurred.
B. Resolution
NOW, THEREFORE, the City Council of the City of Placentia hereby finds, determines and resolves as follows:
1. The attached Statement of Investment Policy for the City of Placentia hereby is adopted for the Fiscal Year 2023-24, in compliance with California Government Code §53646.
2. The Finance Director shall provide the Annual Statement of Investment Policy to each member of the Financial Audit Oversight Committee.
PASSED, APPROVED AND ADOPTED on the 25th day of July 2023.
Ward L. Smith, Mayor
ATTEST:
Robert S. McKinnell, City Clerk
Resolution R-2023-66
STATE OF CALIFORNIA
COUNTY OF ORANGE
I, ROBERT S. MCKINNELL, City Clerk of the City of Placentia, do hereby certify that the foregoing resolution was adopted at a regular meeting of the City Council of the City of Placentia, held on the 25th day of July 2023, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
Councilmembers:
Councilmembers:
Councilmembers:
Councilmembers:
Robert S. McKinnell, City Clerk
APPROVED AS TO FORM:
Christian L. Bettenhausen, City Attorney
Resolution R-2023-66