CC Resolution No. 25-032 accepting the City's Investment PolicyRESOLUTION NO. 25‐032
A RESOLUTION OF THE CUPERTINO CITY COUNCIL ACCEPTING THE
CITY INVESTMENT POLICY
WHEREAS, the City has available funds to invest in accordance with principles
of sound treasury management; and
WHEREAS, the City invests funds in accordance with provisions of California
Government Code Section 53600 et seq.; and
WHEREAS, the California Government Code requires a statement of
investment policy to be reviewed and adopted by the City Council on at least an
annual basis; and
WHEREAS, the City’s Audit Committee reviewed and accepted the attached
City Investment Policy on April 28, 2025.
NOW, THEREFORE, BE IT RESOLVED that the City Council does hereby
accept the attached City Investment Policy dated May 20, 2025.
BE IT FURTHER RESOLVED that this Resolution is not a project under the
requirements of the California Environmental Quality Act, together with related
State CEQA Guidelines (collectively, “CEQA”) because it has no potential for
resulting in physical change in the environment. In the event that this Resolution
is found to be a project under CEQA, it is subject to the CEQA exemption
contained in CEQA Guidelines section 15061(b)(3) because it can be seen with
certainty to have no possibility that the action approved may have a significant
effect on the environment. CEQA applies only to actions which have the potential
for causing a significant effect on the environment. Where it can be seen with
certainty that there is no possibility that the activity in question may have a
significant effect on the environment, the activity is not subject to CEQA. In this
circumstance, the proposed action to accept the City’s Investment Policy would
have no or only a de minimis effect on the environment. The foregoing
determination is made by the City Council in its independent judgment.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this 20th day of May, 2025, by the following vote:
Resolution No. 25‐032
Page 2
Members of the City Council
AYES: Chao, Moore, Fruen, Mohan, Wang
NOES: None
ABSENT: None
ABSTAIN: None
SIGNED:
________
Liang Chao, Mayor
City of Cupertino
________________________
Date
ATTEST:
________
Kirsten Squarcia, City Clerk
________________________
Date
06/03/2025
06/03/2025