HomeMy WebLinkAbout2-12-98-7-f - Resolution - 02/12/1998q so[ution
NUMBER: 2-q2-98-7-f
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 po/icy
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 &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 shaft 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 12th day of FEBRUARY ,1998.
APPROVED:
MayS~ Lynn Mcllhaney ~
A TTES T:
Connie Ho:Jks
City S'ecretary