RES-10945 Investment Policy Statement 2016-17RESOLUTION NO. 10945
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ORANGE APPROVING AND ADOPTING
A STATEMENT OF INVESTMENT POLICY FOR
FISCAL YEAR 2016 -17.
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. 10866 on June 9, 2015 adopting
the City's Statement of Investment Policy for Fiscal Year 2015 -16 (herein referred to as the
FY 2015 -16 SIP "); and
WHEREAS, the FY 2015 -16 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 2016 -17
herein referred to as the "FY 2016 -17 SIP ") in the form attached to this Resolution, and has
recommended that the City Council adopt the FY 2016 -17 SIP; and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Orange
that the FY 2016 -17 SIP, in the form attached, is the City's Statement of Investment Policy for
Fiscal Year 2016 -17 and is duly adopted in accordance with State law and Chapter 2.49 of Title 2
of the Orange Municipal Code.
ADOPTED this 14th day of June, 2016.
er a E. Smith, Mayor, City of Orange
ATTEST:
Mary E. , City Clerk, City ange
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 14th day of June, 2016, by the following vote:
AYES: COUNCIL MEMBERS: Alvarez, Whitaker, Smith, Murphy, Nichols
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
Mary Liuy, City Clerk Cit o Orange
Resolution No. 10945 2