HomeMy WebLinkAboutResolutions - No. 2016-10RESOLUTION NO. 2016-10
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 periodically 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: January 20, 2016
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I hereby certify that Resolution No. 2016-10 was passed and adopted by the City
Council of the City of Lodi in a regular meeting held January 20, 2016, by the following
vote:
AYES: COUNCIL MEMBERS — Johnson, Kuehne, Nakanishi, and
Mayor Chandler
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS — Mounce
ABSTAIN: COUNCIL MEMBERS — None
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IFER . FERRAIOLO
City Clerk
2016-10