HomeMy WebLinkAboutRES 021406-N - Investment PolicyrESOLUTION NO. 002/4/0(r,"4
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN,
TEXAS, AMENDING THE EXISTING CITY OF GEORGETOWN INVESTMENT
POLICY EFFECTIVE FEBRUARY 14, 2006.
WHEREAS, the goal of the City of Georgetown is to implement an investment policy that
utilizes all current municipal investment practices, while ensuring the safety and availability of all
funds entrusted to the City in compliance with state federal, state and local laws; and
WHEREAS, the City Council of the City of Georgetown has reviewed the investment
policy; and
WHEREAS, the City Council of the City of Georgetown wishes to amend its Investment
Policy (as last amended January 11, 2005); and
N OW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS, THAT:
S ECTION 1. The facts and recitations contained in the preamble of this resolution are
hereby found and declared to be true and correct, and are incorporated by reference herein and
expressly made a part hereof, as if copied verbatim. The City Council hereby finds that this
ordinance implements the following policy of the Century Plan - Policy Plan Element
1. Finance Policy Statement 13.00, which states: "All municipal operations are
conducted in an efficient business -like manner and sufficient financial resources
for both current and future needs are provided",
and further finds that the enactment of this ordinance is not inconsistent or in conflict with any
other Century Plan Policies, as required by Section 2.03 of the Administrative Chapter of the
Policy Plan.
S ECTION 2. The Investment Policy attached as Exhibit "A" is hereby adopted by the City
Council of the City of Georgetown, Texas.
S ECTION 3. This resolution shall be effective immediately upon adoption.
RESOLVED this 14th day of February, 2006.
ATTES 1. TH fxCITY $F GEORGETOWN:
Sandra Lee
City Secretary
APPROVED AS TO FORM:
Patricia E Carls, Brown & Carls, L.L.P.
City Attorney
y: Ga Nelon
Mayor
February 14, 2006 Investment Resolution No. 12°7/
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