| | | | | | | |  | STAFF REPORT
For Meeting of September 10, 2018
MAYOR AND MEMBERS OF THE CITY COUNCIL | Agenda Item # 9.C.
TITLE: Resolution No. 2111- Annual Approval/Adoption of City of Hermiston's Investment Policy |
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| | | | | | | | Subject
This is a discussion of the required annual approval/re-adoption of the City of Hermiston's Investment Policy.
Summary and Background
The City Council last approved the City of Hermiston's Investment Policy on November 14, 2016. Due to a change in the management of the Finance department in the fall of 2017, it would appear there was no action taken to approve/re-adopt the investment policy in 2017. This action requested will satisfy the policy requirement for annual approval/re-adoption of the investment policy (with no revisions) as approved on November 14, 2016.
Tie-In to Council Goals:
NA
Fiscal Information
NONE
Alternatives and Recommendation
Alternatives
Alternatives:
1. Approve Resolution 2111 to Approve/Re-Adopt the City of Hermiston's Investment Policy.
2. Do not approve Resolution 2111 to Approve/Re-Adopt the City of Hermiston's Investment Policy.
Recommendation
Approve Resolution 2111 to Approve/Re-Adopt the City of Hermiston's Investment Policy.
Requested Action/Motion
Approve Resolution 2111 to Approve/Re-Adopt the City of Hermiston's Investment Policy.
Submitted By: Mark Krawczyk |
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