HomeMy WebLinkAbout01-14-88-10 - Resolution - 01/14/1988RESOLUTION NO.
1-14-88-10
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 cre-
ate 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 maxi-
mum cash availability and maximum yields on a short term in-
vestment 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, pro-
viding for an active cash management policy to be pursued by
the City in order to maximize investment interest as a via-
ble and material revenue source while still providing maxi-
mum cash availability.
PASSED and APPROVED this the 14thday of
January 1988
APPROVED:
~R
ATTEST: