CC Resolution No. 21-115 Accepting the city investment policy for the pension trustRESOLUTION N0. 21-115
A RESOtUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
ACCEPTING THE CITY INVESTMENT PO[ICY FOR THE PENSION TRUST
WHEREAS, the City's Pension Trust, established for sole purpose to benefit the
general publig has avaiIable 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; aitd
WHEREAS, the City's Audit Committee reviewed and accepted the attached City
Investment Policy for the Pension Trust on November 15, 2021.
NOW, THEREFORE, BE IT RESOLVED tliat the City Council of the City of
Cupertino accepts tlie attached City Investment Policy for tlie Pension Trust dated
December 7, 2021.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this 7"' day of December 2021, by the following vote:
Vote
AYES:
NOES:
ABSENT:
ABST AIN:
Members of the City Council
Paul, Chao, Moore, Wei, Willey
None
None
None
SIGNED:
/ 7z/zea:z_
CDarcy Paul,€
City of Cupertino
Date
ATTEST:
dl ( /( : ( L_l_
, U 0 '-
Kirsten Squarcia, City Clerl<
Date