Laserfiche WebLink
r" <br /> •- - - - - - A - - •� a e a-• tea.u,•• "� •.... ". . . _ <br /> „ • •^ : e -: • ." a-• . . •: . <br /> 5.2 The City Investment Committee's investment actions shall be <br /> member. A quorum will consist of a simple majority of established <br /> members. <br /> e • -. ••-- -- •.. .__ -•-- •: _m e e- ' 'e• • S. <br /> • <br /> Dele•ation of Authorit <br /> 5.1 Investment Committee: The Investment Committee will be responsible for providing <br /> oversight to ensure that compliance is maintained with this policy and established internal <br /> controls,and for determining the overall strategy for the investment program, in keeping with <br /> the guidelines in this policy. <br /> • The Investment Committee shall be composed of three members: the Chief Financial <br /> Officer, the Treasurer, and one other senior member of the Finance Department as determined <br /> by the Chief Financial Officer. <br /> • The Investment Committee shall meet quarterly or as needed as determined by the <br /> Committee. <br /> 5.2 Daily Management: Authority for day-to-day management of the City's investment program <br /> is hereby delegated to the Treasurer,who shall be responsible for all transactions undertaken <br /> and shall establish a system of controls to regulate the activities of subordinate staff, and their <br /> procedures in the absence of the Treasurer. <br /> • Investment procedures for the operation of the investment program shall be consistent <br /> with this policy. Such procedures shall include explicit delegation of authority to persons <br /> responsible for investment transactions. No person may engage in an investment transaction <br /> except as provided under the terms of this policy and the procedures established by the <br /> Treasurer. <br /> 5,65.1 <br /> 03/20/0 I <br /> 31 <br /> A•mAM 2 <br />