HomeMy WebLinkAbout01-25-2001-10.12 - Resolution - 01/25/2001RESOLUTION NO. ot-25-0t-to.12
A RESOLUTION APPROVING AND AUTHORIZING THE IMPLEMENTATION OF THE
CITY OF COLLEGE STATION INVESTMENT POLICY.
WHEREAS, the goal of the City of College Station is to create an investment policy to insure the
safety of all funds entrusted to the City, while making available those funds for the payment of all
necessary obligations of the City, and providing for the investment of all funds not immediately
required in interest bearing securities; and
WHEREAS, the safety of the principal invested shall always be the primary concern of the City of
College Station; and
WHEREAS, the management of monies in order to insure maximum cash availability and
maximum yields on a short term investment is a primary goal of the City of College Station; now,
therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION that
the attached document shall be the investment policy of the City of College Station, providing for
an active cash management policy to be pursued by the City in order to maximize investment
interest as a viable and material revenue source while still providing maximum cash availability.
PASSED and APPROVED this the 25 th day of January
,2001.
APPROVED:
Connie Hook~, City Secretary
Mayor'~ynn M¢Ilhaney
APPROVED:
City Attor~-.'~'~