RES-10460 Investment Policy Statement 2010-11RESOLUTION NO. 10460
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ORANGE APPROVING AND ADOPTING
A STATEMENT OF INVESTMENT POLICY FOR
FISCAL YEAR 2010-
11.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. 10403 on August 25,
2009 adopting theCity's Statement of Investment Policy for Fiscal Year 2009-10 (
herein referred to as the FY 2009-
10 SIP); and WHEREAS, the FY 2009-10 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 2010-11 (herein referred to as the FY 2010-11 SIP) in
the form attached to this Resolution,and has recommended that the City Council
adopt the FY 2010-11 SIP; and NOW, THEREFORE, BE IT RESOLVED by
the City Council of the City of Orange that the FY 2010-11 SIP, in the form
attached, is the City's Statement of Investment Policy for Fiscal Year 2010-11 and is
dulyadopted in accordance with State law and Chapter 2.
49 of Title 2 of the Orange
Municipal
Code.ADOPTED this 25t'' day of May,
I, MARY E. MURPHY, City Clerk of the City of Orange, California, do hereby
certify that the foregoing Resolution was duly and regularly ado~ted by the City Council of
the City of Orange at a regular meeting thereof held on the 25t day of May, 2010, by the
following vote:
AYES: COUNCIL MEMBERS: Smith, Murphy, Cavecche, Dumitru
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Bilodeau
ABSTAIN: COUNCIL MEMBERS: None