Resolution No. 2024-107, Approving Investment Policy Revisions
Resolution No. 2024-107
Approving Investment Policy Revisions
Whereas, the City of Fridley (City) has a comprehensive written investment policy; and
Whereas, the investment policy describes the parameters for investing government funds and
identifies the investment objectives, preferences or tolerance for risk, constraints on the
investment portfolio, and how the investment program will be managed and monitored; and
Whereas, the investment policy enhances the quality of decision making and demonstrates a
commitment to the fiduciary care of public funds; and
Whereas, revisions are necessary to clarify language to the Investment Policy Section and for ease
and effectiveness of the City’s treasury operations.
Therefore, be it resolved, that the City Council of the City of Fridley hereby approves and
authorizes the revisions to the Investment Policy, as shown on the attachment.
th
Passed and adopted by the City Council of the City of Fridley this 12 day of August, 2024.
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Scott J. Lund – Mayor
Attest:
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Melissa Moore – City Clerk