CC Resolution No. 23-133 ACCEPTING THE CITY INVESTMENT POLICY FOR THE PENSION TRUSTRESOLUTION NO. 23-133
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
ACCEPTING THE CITY INVESTMENT POLICY FOR THE PENSION TRUST
WHEREAS, the City’s Pension Trust, established for sole purpose to benefit the
general public, 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; and
WHEREAS, the City’s Audit Committee reviewed and accepted the attached City
Investment Policy for the Pension Trust on October 23, 2023.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Cupertino accepts the attached City Investment Policy for the Pension Trust dated
December 5, 2023.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this 5th day of December 2023, by the following vote:
Members of the City Council
AYES: Wei, Mohan, Chao, Fruen, Moore
NOES: None
ABSENT: None
ABSTAIN: None
SIGNED:
________
Hung Wei, Mayor
City of Cupertino
________________________
Date
ATTEST:
___________________________
Kirsten Squarcia, City Clerk
________________________
Date
12/11/23
12/11/23