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RES-11080 Investment Policy StatementRESOLUTION NO. 11080 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ORANGE APPROVING AND ADOPTING A STATEMENT OF INVESTMENT POLICY FOR FISCAL YEAR 2018 -19. 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. 11005 on June 13, 2017 adopting the City's Statement of Investment Policy for Fiscal Year 2017 -18 (herein referred to as the "FY 2017 -18 SIP "); and WHEREAS, the FY 2017 -18 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 2018 -19 herein referred to as the "FY 2018 -19 SIP ") in the form attached to this Resolution, and has recommended that the City Council adopt the FY 2018 -19 SIP. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Orange that the FY 2018 -19 SIP, in the form attached, is the City's Statement of Investment Policy for Fiscal Year 2018 -19 and is duly adopted in accordance with State law and Chapter 2.49 of Title 2 of the Orange Municipal Code. ADOPTED this 12th day of June 2018. C4E. Smith, Mayor, City of Orange ATTEST: Mary E. Mu y, ity Clerk, City of <ng STATE OF CALIFORNIA COUNTY OF ORANGE CITY OF 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 12th day of June 2018, by the following vote: AYES: COUNCILMEMBERS: Alvarez, Whitaker, Smith, Murphy, Nichols NOES: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: None ABSTAIN: COUNCILMEMBERS: None Mary E. City Clerk y range Resolution No. 11080