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Iss: 6/18/08 <br />RESOLUTION NO. 2008- <br />A RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF SANTA ANA CONSIDERING THE CITY'S <br />STATEMENT OF INVESTMENT POLICY <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA <br />ANA AS FOLLOWS: <br />Section 1. The City Council of Santa Ana hereby finds, determines and <br />declares as follows: <br />A. The California Government Code, §53646, requires each city to <br />have a written statement of investment policy to govern investment <br />of the city's monies. <br />B. Pursuant to §53646, the city treasurer shall annually submit a <br />statement of investment policy to the city council for its <br />consideration at a regular meeting. <br />C. The City Treasurer shall submit quarterly reports to the city council <br />stating that all investments in the preceding quarter have been <br />made in conformance with the City's investment policy. <br />D. The City Treasurer has submitted the attached Statement of <br />Investment Policy to this Council at its regular meeting of July 7, <br />2008, for its consideration. <br />Section 2. The City Council of the City of Santa Ana has duly considered <br />and approves the City's statement of investment policy submitted by the City <br />Treasurer. <br />Section 3. This Resolution shall take effect immediately upon its adoption <br />by the City Council, and the Clerk of the Council shall attest to and certify the <br />vote adopting this Resolution. <br />ADOPTED this day of , 2008. <br />Miguel A. Pulido <br />Mayor <br />19D-10 <br />