HomeMy WebLinkAbout153-95RESOLUTION NO. 153-95
APPROVING CHANGES TO THE TOWN OF DANVILLE
INVESTMENT POLICY
XVHE~, the primary objective of the investment policy of the Town of Danville is to
prudently invest public funds in a manner which assures safety, liquidity and legality; and
XVI-IEREAS, safety of public funds which are invested by the Town can be enhanced by
improving internal control procedures; updating 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 requiring more
frequent updates to the Investment Policy; and
WHEREAS, the Town of Danville Investment Policy has been amended to incorporate these
refinements in formatting, terminology, diversification and internal controls; 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 Treasurer.
APPROVED by the Town Council of the Town of Danville at a Regular Meeting held on
October 17, 1995, by the following vote:
AYES: Greenberg, Doyle,
NOES: None
ABSTAINED: None
ABSENT: None
Ritchey,
Shimansky, Waldo
MAYOR
APPROVED AS TO FORM:
CITY ATTORNEY ~r
C: I WALKER I ASRI NV
ATTEST:
ACTING CITY CLERK
ATTACHMENT A