Title
Draft Resolution - Review and Approval of Investment Policy - C Ritchie
Other Info
Submitted By: Audri Nelson on behalf of Candice Ritchie, Treasury Manager
Department: Chief Financial Officer
Financial Impact and Cost/Benefit Considerations: None
Discussion
Pursuant to the Board’s Policy on Policies, the Board routinely reviews all Board policies as part of its policy management. Under the Board’s approved review schedule, the Board may now consider review of the Investment Policy. The purpose of the policy is to describe the long-term goals of the Plan and the investment philosophies and investment management procedures to be used for both allocation among asset classes (stocks, bonds, cash, etc.) and allocation among investments.
Body
BE IT RESOLVED BY THE BOARD OF DIRECTORS that pursuant to its regular review of Board policies, the Board has reviewed and adopts the Investment Policy, with such changes, if any, as were approved by the Board; and
BE IT FURTHER RESOLVED that the Chief Executive Officer, or designee, are hereby authorized to take all such action as may be necessary to implement this resolution.