RES-10575 Investment Policy Statement 2011-12RESOLUTION NO. 10575
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ORANGE APPROVING AND ADOPTING
A STATEMENT OF INVESTMENT POLICY FOR
FISCAL YEAR 2011 -12.
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. 10460 on May 25, 2010
adopting the City's Statement of Investment Policy for Fiscal Year 2010 -11 (herein referred
to as the "FY 2010 -11 SIP "); and
WHEREAS, the FY 2010 -11 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
separately by the Board of Directors of the Orange Redevelopment Agency; and
WHEREAS, the City's Investment Advisory Committee and Investment Oversight
Committee have reviewed the proposed Statement of Investment Policy for Fiscal Year
2011 -12 (herein referred to as the "FY 2011 -12 SIP ") in the form attached to this Resolution,
and has recommended that the City Council adopt the FY 2011 -12 SIP; and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Orange that the FY 2011 -12 SIP, in the form attached, is the City's Statement of Investment
Policy for Fiscal Year 2011 -12 and is duly adopted in accordance with State law and Chapter
2.49 of Title 2 of the Orange Municipal Code.
ADOPTED this 13 day of September, 2011.
U
V /(AavgEche, Mayor, qty-of Orange
ATTEST:
Mary E. yur kh"ity Clerk, City qf Orange
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 of
the City of Orange at a regular meeting thereof held on the 13 day of September, 2011, by
the following vote:
AYES:COUNCIL MEMBERS:Whitaker, Smith, Cavecche, Dumitru, Bilodeau
NOES:COUNCIL MEMBERS:None
ABSENT:COUNCIL MEMBERS:None
ABSTAIN:COUNCIL MEMBERS:None
Ma u h City C_1"1 , ' Orange
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