HomeMy WebLinkAboutResolutions - No. 2010-188RESOLUTION NO. 2010-188
A RESOLUTION OF THE LODI CITY
COUNCIL ADOPTING THE CITY OF LODI
ANNUAL INVESTMENT POLICY AND
INTERNAL CONTROL GUIDELINES
WHEREAS, California Government Code Section 53646 endorses an annual
review of a local agencies' investment policy by the local legislative body; and
WHEREAS, the City of Lodi Investment Policy requires that the Investment
Policy be annually reviewed and adopted by resolution; and
WHEREAS, the Policy, on file in the office of the City Clerk, is in compliance
with State laws governing the investment of local agency funds and provides internal
control guidelines to protect the funds of the City from misappropriation, speculation,
and fraud.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Lodi has reviewed and hereby adopts the City of Lodi Annual Investment Policy and
Internal Control Guidelines, which shall be effective this date.
Dated: November 17, 2010
hereby certify that Resolution No. 2010-188 was passed and adopted by the
City Council of the City of Lodi in a regular meeting held November 17, 2010, by the
following vote:
AYES: COUNCIL MEMBERS — Hansen, Hitchcock, Johnson, Mounce,
and Mayor Katzakian
NOES: COUNCIL MEMBERS— None
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS — None
1 E,, a - 3il
2010-188