HomeMy WebLinkAbout074-2021DocuSign Envelope ID: 445D38C8-E260-4ED2-8FDF-43159F5306CC
RESOLUTION NO. 74-2021
RE -APPROVING THE TOWN OF DANVILLE INVESTMENT POLICY
WHEREAS, the primary objective of the Investment Policy of the Town of Danville is the
safety and security of Town funds; 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 interests of the Town; and
WHEREAS, no changes are recommended 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 Town of
Danville Investment Policy continue to be implemented by the Town Treasurer.
APPROVED by the Danville Town Council at a regular meeting on November 16, 2021,
by the following vote:
AYES: Arnerich, Fong, Morgan, Stepper, Storer
NOES: None
ABSTAINED: None
ABSENT: None
—DocuSigned by:
MAYOR
APPROVED AS TO FORM: ATTEST:
DocuSigned by:
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CITY ATTORNEY CITY CLERK