RES-10711 Investment Policy Statement Approval 2013-14RESOLUTION NO. 10711
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ORANGE APPROVING AND ADOPTING
A STATEMENT OF INVESTMENT POLICY FOR
FISCAL YEAR 2013 -14.
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. 10669 on June 26, 2012
adopting the City's Statement of Investment Policy for Fiscal Year 2012 -13 (herein referred
to as the "FY 2012 -13 SIP "); and
WHEREAS, the FY 2012 -13 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
2013 -14 (herein referred to as the "FY 2013 -14 SIP ") in the form attached to this Resolution,
and has recommended that the City Council adopt the FY 2013 -14 SIP; and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Orange that the FY 2013 -14 SIP, in the form attached, is the City's Statement of Investment
Policy for Fiscal Year 2013 -14 and is duly adopted in accordance with State law and Chapter
2.49 of Title 2 of the Orange Municipal Code.
ADOPTED this 14 day of May, 2013
i
h
Teresa 9. Smith, Mayor, City of Orange
ATTEST:
Mary E. i4ur ,y Clerk, City of
I, MARY E. MURPHY, City Clerk of the City of Orange, California, do hereby
certify that the foregoing Resolution was duly and regularly adopted by the City Council oftheCityofOrangeataregularmeetingthereofheldonthe14dayofMay, 2013, 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. Mu ity Clerk, City o ange