HomeMy WebLinkAbout104-94 RESOLUTION NO. 104-94
APPROVING CHANGES TO THE TOWN OF DANVILLE
INVESTMENT POLICY
WHEREAS, the primary objective of the investment policy of the Town of Danville is to
prudently invest public funds in a manner which assures safety and liquidity; and
WHEREAS, safety of public funds which are invested by the Town can be enhanced by
improving reporting procedures and frequency of reporting, updating and identifying all
permitted investments and limitations on investments including maturity types, rating of
securities, and limitations upon the percent of the portfolio which may be invested in any
specific security; and
WHEREAS, the Town of Danville Investment Policy has been amended to incorporate
improved reporting procedures and update and identify all permitted investments and
limitations on investments; now therefore
BE IT RESOLVED, by the Town Council of the Town of Danville, that the Investment
Policy be accepted as amended and that all investment control and reporting procedures
outlined in the Policy be implemented by the Town Manager.
APPROVED by the Town Council of the Town of Danville at a Regular Meeting held on
September 6, 1994, by the following vote:
AYES:
Ritchey, Greenberg, Doyle, Shimansky, Waldo
NOES: None
ABSTAINED: None
ABSENT: None
MAYOR
APPROVED AS TO FORM:
ATTEST:
C!.TY ATTORNEY
CITY CLERK