CC Resolution No. 23-054 accepting the City's Investment PolicyRESOLUTION NO. 23-054
A RESOLUTION OF THE CUPERTINO CITY COUNCIL ACCEPTING THE
CITY INVESTMENT POLICY
WHEREAS, the City has available funds to invest in accordance with principles
of sound treasury management; and
WHEREAS, the City invests funds in accordance with provisions of California
Government Code Section 53600 et seq.; and
WHEREAS, the California Government Code requires a statement of
investment policy to be reviewed and adopted by the City Council on at least an
annual basis; and
WHEREAS, the City’s Audit Committee reviewed and accepted the attached
City Investment Policy on April 24, 2023.
NOW, THEREFORE, BE IT RESOLVED that the City Council does hereby
accept the attached City Investment Policy dated May 16, 2023.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this 16th day of May, 2023, by the following vote:
Members of the City Council
AYES: Wei, Mohan, Chao, Fruen, Moore
NOES: None
ABSENT: None
ABSTAIN: None
Resolution No. 23-054
Page 2
SIGNED:
________
Hung Wei, Mayor
City of Cupertino
________________________
Date
ATTEST:
________
Kirsten Squarcia, City Clerk
________________________
Date
06/01/23
6/6/23