HomeMy WebLinkAboutResolutions - No. 2020-273RESOLUTION NO. 2020-273
A RESOLUTION OF THE LODI CITY COUNCIL ADOPTING THE
CITY OF LODI FISCAL YEAR 2020/21 INVESTMENT POLICY
WHEREAS, California Government Code Section 53646 endorses an annual review of a
local agency's 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 is in compliance with State laws governing the investment of
local agency funds and provides adequate controls to protect City funds from over speculation,
misappropriation, and/or fraud, and no changes are recommended at this time.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Lodi has
reviewed and hereby adopts the City of Lodi Fiscal Year 2020/21 Investment Policy.
Dated: November 18, 2020
I hereby certify that Resolution No. 2020-273 was passed and adopted by the City
Council of the City of Lodi in a regular meeting held November 18, 2020, by the following vote:
AYES: COUNCIL MEMBERS — Chandler, Nakanishi, and Mayor Kuehne
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS — Mounce
ABSTAIN: COUNCIL MEMBERS — None
JENNIF�'CUSMIR
City Cle k
2020-273