CC Resolution No. 22-144 accepting the Pension Trust Investment PoliciesRESOLUTION N0. 22-144
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
ACCEPTING THE CITY INVESTMENT POLICY FOR THE PENSION TRUST
WHEREAS, the City's Pension Trust, established for sole purpose to benefit the
general publig 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; and
WHEREAS, the City's Audit Cornrnittee reviewed and accepted the attached City
Investment Policy for the Pension Trust on October 24, 2022.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Cupertino accepts the attached City Investment Policy for the Pension Trust dated
December 6, 2022.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this 6th day of December 2022, by the following vote:
Members of the City Council
AYES:
NOES:
ABSENT:
ABST AIN:
Paul, Chao, Moore, Wei, Willey
None
None
None
SIGNED:
/z/ 7/2o2 '2__
tDarcy P-
City of Cupertino
Date
ATTEST:
uk ( "l_/ 7 /' 21
Ki'rsten Squarcikity Clerk Date