HomeMy WebLinkAbout127-04RESOLUTION NO~ 127-2004
APPROVING THE TOWN OF DANVILLE
INVESTMENT POLICY
WHEREAS, the primary objective of the investment policy of the Town of Danville is
safety; and
WHEREAS, investments can only be made in legal securities as described by the
investment policy and invested in a manner that assures adequate liquidity to meet
forecasted disbursement requirements; and
WHEREAS, maximizing interest earned is a secondary objective once safety, liquidity and
legality have been assured; and
WHEREAS, the ToWn of Danville Investment Policy has been reviewed by the Town's
Treasurer and independent investment advisor; and
WHEREAS, the Investment Policy continues to meet all known regulations and serve the
best interest of the Town; and
WHEREAS, no changes are r.ecommended to the Investment Policy; now therefore be it
RESOLVED, by the Danville Town Council, that no changes be made to the Investment
Policy and that all investment control and reporting procedures outlined in the policy
continue to be implemented by the Town Treasurer.
APPROVED by the Danville Town Council at a regular meeting on November 16, 2004 by
the following vote:
AYES: Arnerich, Doyle,
NOES: None
ABSTAINED: None
ABSENT: None.
Andersen,
Shimansky, Stepper
APPROVED AS TO FORM:
CITY ATTORNEY
ATTEST:
CITY CLERK