RES-10796 Investment Policy Statement Approval 2014-15RESOLUTION NO. 10796
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ORANGE APPROVING AND ADOPTING
A STATEMENT OF INVESTMENT POLICY FOR
FISCAL YEAR 2014 -15.
WHEREAS, California Government Code Sections 53600 et seq. set forth detailed
provisions regarding permitted and prohibited investments by cities and accountability
therefore; and
WHEREAS, the City Council adopted Resolution No. 10711 on May 14, 2013
adopting the City's Statement of Investment Policy for Fiscal Year 2013 -14 (herein referred
to as the "FY 2013 -14 SIP "); and
WHEREAS, the FY 2013 -14 SIP requires that the City Council annually review its
Statement of Investment Policy and adopt a policy 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 City's Investment Advisory Committee and Investment Oversight
Committee have reviewed the proposed Statement of Investment Policy for Fiscal Year
2014 -15 (herein referred to as the "FY 2014 -15 SIP ") in the form attached to this
Resolution, and has recommended that the City Council adopt the FY 2014 -15 SIP; and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Orange that the FY 2014 -15 SIP, in the form attached, is the City's Statement of Investment
Policy for Fiscal Year 2014 -15 and is duly adopted in accordance with State law and Chapter
2.49 of Title 2 of the Orange Municipal Code.
ADOPTED this l O tb day of June, 2014.
Teresa . Smith, Mayor, City of Orange
ATTEST:
Mary E. ity Clerk, range
I, MARY E. 1VIURPHY, 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 10' day of June, 2014, by the
following vote:
AYES:COUNCIL MEMBERS:Alvarez, Whitaker, Smith, Murphy, Bilodeau
NOES:COUNCIL MEMBERS:None
ABSENT:COUNCIL MEMBERS:None
ABSTAIN:COUNCIL MEMBERS:None
Mary E. y, City Clerk, Cit of Orange
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