The City of Monticello, Iowa
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF MONTICELLO, IOWA
RESOLUTION #14-12
Approving the Written Investment Policy applicable to all Funds of the
City of Monticello, Iowa, as required by Chapters
12B and 12C of the Code of Iowa
WHEREAS, the City of Monticello, Iowa is an incorporated City within Jones County, Iowa; and
WHEREAS, Iowa Code Chapters 12B, “Security of the Revenue”, and 12C, “Deposit of Public Funds”, place certain requirements on the City in regard to the investment and deposit of City funds, and
WHEREAS, Iowa Code Chapter 12B, §12B.10B states that political subdivisions shall approve written investment policies which incorporate the guidelines specified in §12B.10, §’s 12B.10(A) through 12B.10C, and any other provisions deemed necessary to adequately safeguard invested public funds; and
WHEREAS, it is the intent of the City Council, by the passage of this Resolution and the aforementioned “Written Investment Policy” to fully comply with the requirements of Chapters 12B and 12C of the Iowa Code.
NOW THEREFORE, BE IT RESOLVED that the Council of the City of Monticello, Iowa does hereby approve of the Written Investment Policy applicable to all funds of the City of Monticello, Iowa, as required by Chapters 12B and 12C of the Code of Iowa, said Policy being attached hereto, same being incorporated, by this reference, as if same had been set forth fully verbatim herein.
IN TESTIMONY WHEREOF, I subscribe my name and affix the Great Seal for the City of Monticello, Iowa on this 20th day of January, 2014.
Dena Himes, Mayor
Attest:
Sally Hinrichsen, City Clerk